By Nick Carey — DETROIT, Sept 28 (Reuters) – The two storms that battered southeast Texas and Florida in the past month have given U.S. automakers a reprieve from two problems that have cast a shadow over the price of their shares all year: bulging new-vehicle inventory and an oversupply of nearly new, off-lease vehicles.
Automakers are scheduled to report U.S. sales on Oct. 3, offering the first indications of the boost to demand for vehicles to replace those damaged or destroyed in Houston’s record floods and the pummeling much of Florida got from Hurricane Irma. Analysts expect September to show the first monthly increase in vehicle sales this year.
