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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
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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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