Up To 500,000 Cars Could Be Totaled From Hurricane Harvey Damage
An estimated 500,000 Texan vehicles could be totaled and scrapped in the wake of Hurricane Harvey, snowballing into a massive sales wave of new and used cars in the coming months.
As opposed to the fallout of Hurricane Sandy and other major storms of the past, the sheer density of vehicles in Houston and other parts of Texas compared to, say New York City and the State of New York, will likely lead to massive insurance write-offs for flood-damaged cars. The estimate could possibly tally up to as many as half a million cars, according to Cox Automotive—the company behind Kelly Blue Book and Autotrader, via CNBC.
http://jalopnik.com/up-to-500-000-ca...arv-1798580690