Used Car Prices To Rise After Hurricane Sandy Wipes Out 250,000 Vehicles

Expect used car prices to rise nationally because of Hurricane Sandy.

The storm destroyed about 250,000 used vehicles on the East Coast, and maybe more, according to estimates by the National Automobile Dealers Association.

That puts pressure on what already is a tight supply of good-condition, late-model used cars and could push prices for such vehicles up by 0.5 percent to 1.5 percent in December, said Jonathan Banks, an analyst with NADA.

The dealer group said that amounts to a little more than $50 to $175 for the average used vehicle.

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topneuro - 11/8/2012 4:52:36 PM

+2 Boost

Beware some of those water damaged vehicles will make it to the used car lots.

lexworld - 11/9/2012 2:51:24 PM

+1 Boost

...You can thank the Media for the exploitation of this idea to the greed of dealerships across the country. Can freedom of speech ultimately protect us from self destruction? It's good while it's lasting and like the re-election of Obama, America will soon discover she's allowed her emotions, once again (2008 election)to pick and choose over the warning signs given. However! Do not leave America! Stay and fight! Dont allow the Master Puppet and her little puppets (the likes of George Soros, Van Jones, Hillary Clinton and Obama)be used by an even greater evil to destroy the infrastructure of America. If you trully love this great country, remain steadfast and FIGHT THE GOOD FIGHT!! Sorry guys, just had to get that off my chest...

lexworld - 11/9/2012 2:55:39 PM

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...I meant to say, ....be used by an even greater evil to destroy the economy infrastructure of America.

lexworld - 11/9/2012 2:58:35 PM

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...George is the Master Puppet, dont ever forget this!!

lexworld - 11/9/2012 3:01:51 PM

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....Did America get it right you may ask? The answer is absolutely not! For the second time America has allowed the smooth talking long legged Mack Daddy to put her under another spell of deception and delusion. But this time it will cost us all...And I mean Big Time!!!