Hurricane Sandy: The Devastation of New Jersey and Its Impact on the Car Industry

While it cannot be denied that Hurricane Sandy caused serious destruction along its path, there is certainly one good thing that exited it – it brought the very best away from people. So, as it caused immense physical injury to property and business interruption enough to be considered since the second-costliest Atlantic hurricane after Katrina, Hurricane Sandy inevitably strengthened a lot of people’s faith within their fellowmen.

Like most industries, the auto industry was also suffering from the disaster. A lot of cars were either flooded-out or tree-flattened through the height in the storm’s fury. So, exactly what does it mean for the industry? Let us take particular notice.

Another Look at Hurricane Sandy

While Hurricane Sandy started being a Category 1 storm, it quickly became a Category 2 storm which made a good part of the Caribbean, mid-Atlantic and Northeastern United States devastated. It likewise affected the Southeastern and … Read More ...

Hurricane Sandy Causes Large Damage to Auto Industry in North America

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 ...