Assessment Just Beginning

Automakers, private dealers, new dealers, dealer groups, and transporters have just done started to look at the damage caused for their vehicle inventory and fleets by Hurricane Sandy. The storm that ravaged New York, New Jersey, as well as the surrounding areas not only took 100 human lives, just about all destroyed huge amounts of dollars of property and infrastructure. The auto industry wasn’t immune – photos and data are pouring incoming from all around the impacted regions showing the devastating outcomes of the storm, that not merely cause immediate but long term effects in the marketplace.

As the preliminary numbers can be found in from your new automakers, Honda, Toyota, Nissan, and Chrysler have announced that no less than 15,000 fresh cars will likely be scrapped. This staggering variety of brand-new, never driven vehicles that may be used by scrap parts is unimaginable, and it is … Read More ...