• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 19 mins Shale Oil will it self destruct?
  • 3 hours Berkeley becomes first U.S. city to ban natural gas in new homes
  • 21 hours Excellent Choice: Germany's Von der Leyen Secures Powerful EU Executive Top Job
  • 3 hours Today in Energy
  • 2 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 1 hour Populist, But Good: Elizabeth Warren Takes Aim at Private-Equity Funds
  • 2 hours Mnuchin Says No Change To U.S. Dollar Policy ‘As of Now’
  • 20 hours Migration From Eastern Europe Raises German Population To Record High
  • 13 hours Washington Post hit piece attacking oil, Christians and Trump
  • 1 day White House insider who predicted Iran False Flag, David Goldberg found dead in his New York apartment
  • 1 day Germany exits coal: A model for Asia?
  • 1 day Starlink Internet Courtesy of Tesla
  • 6 hours Why Natural Gas is Natural
Iran's Oil Tanker Leverage Game

Iran's Oil Tanker Leverage Game

The geopolitical tug of war…

US Light Vehicle Sales Fall Due to Hurricane Sandy

Based on an estimate from Autodata Corp, light vehicle sales were at a 14.29 million SAAR in October. That is up 8% from October 2011, and down 4% from the sales rate last month.

This was below the consensus forecast of 14.9 million SAAR (seasonally adjusted annual rate), however sales were impacted by Hurricane Sandy at the end of October, and sales will probably bounce back quickly.

Sales have averaged a 14.24 million annual sales rate through the first ten months of 2012, up from 12.6 million rate for the same period of 2011. Last year sales were depressed for several months (May through August) due to supply chain issues related to the tsunami in Japan. By September 2011, the supply chain issues were mostly resolved, and this year-over-year increase for October is significant.

Click here for full article.



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play