DETROIT — Hurricane Sandy gave an extra boost to US auto sales, making November the best month for carmakers in nearly five years.
Toyota, Volkswagen, and Chrysler were among the companies posting impressive increases for November, which is normally a lackluster month because of colder weather and holiday distractions. Only General Motors was left struggling to explain yet another month of weak growth.
Comments
Replacing storm-damaged cars and trucks does add to sales and employment. It does not, however, add to the nation's stock of wealth. Frederic Bastiat knew two centuries ago that breaking windows creates some work installing replacement windows but a nation is no more wealthy as a result.