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Super Sandy Kills a Quarter Million Cars
The Truth About Cars ^ | 11/8/2012 | Bertel Schmitt

Posted on 11/08/2012 5:02:02 PM PST by nascarnation

Superstorm Sandy left about a quarter million dead cars in its path, Reuters figures. It mioght even drive up cars sales.

There is no official number yet on how many cars have been destroyed in the storm. “We believe that between 100,000 and 250,000 vehicles currently in operation could be removed from used vehicle supply once all is said and done,” said Laurence E. Dixon III, senior analyst with the National Automobile Dealers Association. Reuters think it is at least 266,000 vehicles.

Some consumers with damaged vehicles may need to replace them with a new car, said Mark Schienberg, president of the Greater New York Automobile Dealers Association.


TOPICS: Business/Economy; Local News; Miscellaneous; Society
KEYWORDS: automobile; sandy
Pretty big number, surprising to me how big. As a comparison, the US scraps about 12 million cars per year on average.
1 posted on 11/08/2012 5:02:08 PM PST by nascarnation
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To: nascarnation

Alot of people are going to discover that car insurance does not get you a “new car” or even an “equal car” to what you had...


2 posted on 11/08/2012 5:09:20 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2banana

Capitalist alert:

bull market for good used cars in NY/NJ this winter


3 posted on 11/08/2012 5:12:01 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: nascarnation

all these flood cars are going to end up being for sale here in Canada, too many canucks are cheap and can’t resist a “bargain” (especially quebec )


4 posted on 11/08/2012 5:14:04 PM PST by Reverend Wright (Obama explains the ALCS: the Yankees actually played great but lost due to mistakes by Joe Torre)
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To: 2banana

The storm that saved Obama and GM. FEMA to give away Volts to all storm victims!


5 posted on 11/08/2012 5:14:13 PM PST by Third Person (I'm in my prime.)
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To: nascarnation

I’m sure Gov’t Motors has plenty of Chevy Volts ready-to-go, as replacements.


6 posted on 11/08/2012 5:15:59 PM PST by carriage_hill (America - a great idea while it lasted... it's over.)
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To: nascarnation
Looks like a good business opportunity for private mechanics and shops. It is difficult to repair one car that was flooded. However with so many cars there is a chance that replacement parts can be ordered in quantities that make the repairs financially acceptable.

One scenario would be that the car owner gives the flooded car to the insurance company, gets the money, and buys a new vehicle. The insurance company then has the vehicles restored and sold as used. This is doubly important because the "cash for clunkers" destroyed too many cheap cars, thus denying the less financially capable people a chance to buy a car.

If the insurance company doesn't want to deal with all that, a separate business can be formed that only deals with restoration of these cars. Very little startup funds are required because the cars can be taken from insurance companies on commission. There will be also less waste.

There is a big catch, though. Workers will be needed. I am not sure if there is anyone willing to work in those blue states... 63% of voters in New York wanted Obama.

7 posted on 11/08/2012 5:17:01 PM PST by Greysard
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To: Third Person
"The storm that saved Obama and GM. FEMA to give away Volts to all storm victims!"

To plug in to what? They already have a car that doesn't run. ;-)

8 posted on 11/08/2012 5:17:14 PM PST by Average Al
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To: nascarnation

Drive your old thumper or that potential repo to NY. Lost to Sandy will explain it all.


9 posted on 11/08/2012 5:19:08 PM PST by count-your-change (You don't have to be brilliant, not being stupid is enough.)
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To: Greysard

You may be right, I don’t know.
Cars flooded with salt water but not immediately repaired will require a huge amount of parts + labor to replace electrical / electronics.
Don’t think that’s financially viable.


10 posted on 11/08/2012 5:21:06 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: Greysard
"If the insurance company doesn't want to deal with all that, a separate business can be formed that only deals with restoration of these cars. Very little startup funds are required because the cars can be taken from insurance companies on commission. There will be also less waste."

Is this really practical now with all of the electronics in modern cars?

11 posted on 11/08/2012 5:21:31 PM PST by Average Al
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To: nascarnation

In a month they’ll be on ebay. Caveat emptor


12 posted on 11/08/2012 5:26:07 PM PST by lurk
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To: Average Al

Most states require flood cars to get a salvage title meaning they can’t return to the road or the market.


13 posted on 11/08/2012 5:27:47 PM PST by MrKatykelly
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To: nascarnation

After Kartina hundreds of cars were totaled by the insurance companies due to being under water.
The were scarfed up refurbished(dried out) and moved to other parts of the country where they were put on the market.
My mechanic up here in the NE said buyer beware,look under the mats pull up the trunk liners,be carefull because water damage is easy to hide and impossible to rectify,especially salt water intrusion and its caustic affect on aluminum and electrical components.

These NY,NJ Sandy cars/trucks will be showing up some where and soon..Buyer beware.


14 posted on 11/08/2012 5:29:07 PM PST by CGASMIA68
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To: Third Person

It’s all part of obamas weather manipulations.


15 posted on 11/08/2012 5:29:51 PM PST by stuartcr ("When silence speaks, it speaks only to those that have already decided what they want to hear.")
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To: Reverend Wright

**all these flood cars are going to end up being for sale here in Canada,***

Standard procedure is to ship totaled autos to the salvage places in Missouri, where they are cleaned, not scrapped as they are supposed to be. Then into Arkansas to get a non salvage clean title. Then shipped all over the US.


16 posted on 11/08/2012 5:31:33 PM PST by Ruy Dias de Bivar (The parasites now outnumber the producers.)
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To: Ruy Dias de Bivar

Interesting.
I’ll be watching for the transporter loads heading west on I-70.


17 posted on 11/08/2012 5:33:48 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: nascarnation
Superstorm Sandy left about a quarter million dead cars in its path, Reuters figures. It might even drive up cars sales.

And that will help the economy!

Or so will say the liberals amongst us. Of course, were the reporter's house to burn down and insurance replace it, I wonder if the reporter would insist that his economic situation had improved.

18 posted on 11/08/2012 5:34:14 PM PST by BfloGuy (Workers and consumers are, of course, identical.)
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To: Third Person

Over 200k in NJ still have no power.
Where they gonna plug it in?


19 posted on 11/08/2012 5:35:03 PM PST by Morris70
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To: nascarnation

The destruction of private property is great for the economy. Just ask the guys on Wall Street. They will explain the broken window fallacy as just a right wing conspiracy.


20 posted on 11/08/2012 5:36:18 PM PST by jwalsh07
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To: nascarnation

You’ll be amazed what an insurance company would do to save a buck. Plus shops will convince ins companies it can be fixed to get the business .
Had a car hit by an 18 wheeler with no headlights . $15k car cost $8K to fix plus $7k extra. If totaled shop woulda got nothing.


21 posted on 11/08/2012 5:39:31 PM PST by Morris70
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To: jwalsh07

Given the demographic, I’m guessing the benefits will mostly accrue to Germany (BMW/MB) and Japan (Lexus).


22 posted on 11/08/2012 5:39:39 PM PST by nascarnation (Baraq's bankruptcy: 2016)
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To: nascarnation

Cash for Clunkers Redux?


23 posted on 11/08/2012 5:52:29 PM PST by 23 Everest (When seconds count. The police are just 23 minutes away. 831 Bonnie)
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To: MrKatykelly
"Most states require flood cars to get a salvage title meaning they can’t return to the road or the market."

If the insurance company gets the car in a claim settlement but other than that????? I'm not so sure.

24 posted on 11/08/2012 6:14:50 PM PST by Average Al
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To: MrKatykelly

Viva la mexico!!!!!!!!!!!


25 posted on 11/08/2012 6:17:37 PM PST by US_MilitaryRules (Unnngh! To many PDS people!)
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To: nascarnation

Right before the storm I decided to list my Chevy HHR on ebay classifieds in the NYC area, but not because I was realizing the potential storm impact on the used car market. I just happened to find a larger car I had to have. But wow, maybe I’ll actually sell this little pugger? Any storm-thrashed Freeper would get a generous discount, naturally.


26 posted on 11/08/2012 6:27:43 PM PST by BillyBonebrake
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To: Average Al

If there is even a remote possibility that the airbags or firing systems for them won’t go off in the future due to flooding, the ins co will total it. Not worth the liability.


27 posted on 11/08/2012 7:14:46 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie

Good point


28 posted on 11/09/2012 3:58:18 AM PST by Average Al
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