Toyota Motor Corp <7203.T> U.S. executive Jim Lentz said consumers purchasing new vehicles to replace those lost during Superstorm Sandy will mean strong November U.S. auto sales.
On a seasonally adjusted annualized basis, November U.S. sales will be between 14.8 million and 15.2 million new vehicles, said Lentz, president and chief executive of Toyota Motor Sales, USA.
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Lentz, speaking on the sidelines of a JD Power & Associates and National Automobile Dealers Association conference, said Toyota believes 400,000 cars and trucks were destroyed by Sandy, and that 100,000 of those were new vehicles.
(Reporting by Bernie Woodall; Editing by Gary Hill)