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Sandy, which made landfall in New Jersey Monday, cost automakers about 30,000 car and truck sales in October, according to TrueCar.com. Potential buyers in the Northeast stayed home to wait out winds, rain and flooding. But the drop in Northeast demand was offset by higher-than-expected sales in the rest of the country, Toprak said. Analysts and executives said it will take two weeks or even a month for demand to return to normal. The industry should regain the lost sales, plus gain thousands more as people replace vehicles that were damaged by flooding or falling trees. When insurance companies determine that cars are total losses, people are forced to buy new vehicles even though they weren't previously in the market, Toprak said. Care companies are announcing deals to attract buyers in states hit hard by Sandy. General Motors Co. and Ford Motor Co. each offered $500 cash on many models, while hard-hit Nissan began offering employee pricing and delayed payments. For example, an employee discount is worth nearly $3,000 off the sticker price of a midsize Altima.
[Associated
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