Just when car prices looked like they were edging down from their record highs, they’re heading skyward again. It’s Hurricane Ida’s fault.Ida caused widespread flooding from Louisiana, where it came ashore as a hurricane on Aug. 29, to the heavily populated Northeast, where its remnants hit hard a few days later. It killed at least 86 people and its flood waters destroyed hundreds of thousands of cars, including many that were on car dealer lots.Ida’s wrath has simultaneously created a sudden demand for car purchases while further destroying already tight inventories. Hurricane Nicholas, which hit the Texas Gulf Coast early Tuesday, could add to the problems, especially if it causes flooding once again in Houston, one of the largest markets for car ownership in the nation.The storms could not have hit at a worse time. “Any new problem with car inventory is one problem too many,” said Kayla Reynolds, manager … Read More
Thousands of cars are expected to be damaged by the flood waters caused by Hurricane Ida in the southeast United States, many beyond repair.
Both owners and insurers will have to deal with the aftermath and decide what to do with the vehicles, while car shoppers need to keep a wary eye for any totaled vehicles that end up on the used market illegally. The current high demand for used cars may compound the issue.
Here are a few things all of the affected parties need to know:
Q: SHOULD I START MY CAR IF IT’S BEEN FLOODED?
A: No, in almost all cases. If the car was only in a few inches of water that didn’t rise past the bottom of the body, maybe. Water higher than that can get into wires, transmission parts, the exhaust or other places. Deeper water could enter the cylinders that