Photo: GreenvilleOnline.com
Authorities in North and South Carolina still expect flooding after Hurricane Florence, but the first estimates are already out there, trying to determine how many vehicles will be damaged by water.
The bleakest says that about 40,000 vehicles will be totaled, while the most optimistic has that number at roughly 20,000 Fox News reports. Though both figures are impressive, they pale in comparison to the damage recorded after Hurricanes Harvey and Irma, which hit Texas and Florida in 2017: 700,000 totaled cars in total.
The explanation for that is simple: first, there are fewer cars on the roads in the Carolinas. Secondly, Florence kept to its predicted path, which made evacuations more successful. In other words, people had plenty of time to leave – and to take their vehicles with them.
“Kelley Blue Book Chief Economist Jonathan Smoke estimates that 20,000 to 40,000 vehicles will be total losses due to Florence, while Anil Goyal, executive vice president of operations at Black Book, which tracks used sales and values, predicts 20,000 damaged or destroyed, maybe less,” Fox News reports.
The full extent of the damages will be better appraised after the floods, when waters recede and people return to their abandoned homes. One thing that residents in the Carolinas should expect is a spike in the price of second-hand cars, as people will have to replace their vehicles destroyed by water. One seller tells the publication that they’re already recording a strong demand for “used sedans” and the waters haven’t even receded yet.
Hurricane Florence brought with it large quantities of rain, and authorities expect more flooding in the following days. About 40 people have already died and thousands were displaced as cities were evacuated ahead of the storm, which was initially classified as a Category 4 major hurricane before losing strength.
The explanation for that is simple: first, there are fewer cars on the roads in the Carolinas. Secondly, Florence kept to its predicted path, which made evacuations more successful. In other words, people had plenty of time to leave – and to take their vehicles with them.
“Kelley Blue Book Chief Economist Jonathan Smoke estimates that 20,000 to 40,000 vehicles will be total losses due to Florence, while Anil Goyal, executive vice president of operations at Black Book, which tracks used sales and values, predicts 20,000 damaged or destroyed, maybe less,” Fox News reports.
The full extent of the damages will be better appraised after the floods, when waters recede and people return to their abandoned homes. One thing that residents in the Carolinas should expect is a spike in the price of second-hand cars, as people will have to replace their vehicles destroyed by water. One seller tells the publication that they’re already recording a strong demand for “used sedans” and the waters haven’t even receded yet.
Hurricane Florence brought with it large quantities of rain, and authorities expect more flooding in the following days. About 40 people have already died and thousands were displaced as cities were evacuated ahead of the storm, which was initially classified as a Category 4 major hurricane before losing strength.
Google News