Car sales in the U.S. are going to take a slight dip thanks to much of Texas being under the water, the state being the second largest auto market in the country. The market is likely to see a dip in auto sales, while the recovery is ongoing, but afterwards it’s likely things will even out as people replace their damaged and destroyed vehicles. “The catastrophic flooding in Houston, the fourth-largest U.S. city, could mean 2 percent fewer vehicles will be sold in August than previously expected, according to Edmunds.com…” [ Read more here ]
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