The maker of Accord sedans and Civic compacts began the month with almost double the inventory it had in November 2011, according to researcher WardsAuto. Dealers for the Tokyo-based company faced shortages a year ago after the tsunami in Japan and floods in Thailand disrupted production and parts supply.
This year, Sandy damaged more than 230,000 vehicles, including 190,000 in New York and New Jersey, according to estimates from the National Insurance Crime Bureau.
The average estimate for November’s sales rate would be a rebound from 14.3 million in October, according to researcher Autodata Corp. The U.S. market has been in steady recovery this year, topping out at an annualized pace of 14.9 million vehicles in September, the best since March 2008, Autodata’s figures show. The sales rate was 13.6 million in November 2011.
The U.S. averaged 16.8 million light-vehicle deliveries annually from 2000 to 2007, then dropped to 10.4 million in 2009, a 27-year-low, according to Autodata. Sales for 2012 are headed toward a third consecutive annual increase of more than 10 percent.
General Motors Co. the top-selling automaker in the U.S., probably boosted deliveries in November by 7.6 percent, the average of 11 estimates. The Detroit-based automaker joined Ford in announcing $500 discounts to buyers affected by the storm, according to Edmunds.com.
Toyota Motor Corp., Asia’s top-selling U.S. automaker, may have sold 20 percent more vehicles in November than a year earlier, the average of eight estimates.
South Korea’s Hyundai Motor Co. and Kia Motors Corp. may have combined to sell 9.1 percent more vehicles in November compared with a year earlier, the average of six estimates. Hyundai’s November sales gained 7.8 percent to 53,487, the company said in a statement. U.S. regulators said last month that the affiliates overstated the fuel-economy ratings for most of their 2012 and 2013 models.
Volkswagen AG has probably already exceeded its full-year target for U.S. sales of 500,000 vehicles. The company entered the month with almost 470,000 deliveries for its Volkswagen and Audi brands. The automaker likely boosted sales in November by 25 percent, the average of three estimates.