Sandy Takes its Toll - Around 200,000 Cars Ruined

Superstorm Sandy really hit the US hard, and while it wasn’t as devastating as Katrina, it still caused sizable damage to personal property, including cars - 200,000 of them, in fact, according to the National Automobile Dealers Association (NADA).
Sandy Aftermath 1 photo
Photo: Bloomberg
The rounded figure represents a complete tally of both automakers’ losses, as well as personally-owned vehicles, which were lost in the ensuing floods. According to Larry Dixon, NADA Senior Analyst, “Total vehicles affected may be about one-third of what we saw with Hurricane Katrina, and that was about 600,000 [. . .] We don’t see replacement demand starting to accelerate until we’re into December.

The automakers announced heavy losses on their part, as well, with Toyota and Lexus reporting that they would scrap some 3,000 cars, while an additional 1,300 would be examined in-view of crushing. Honda and Acura are also reporting heavy losses, with a reported 3,440 cars lost - in total, some 15,000 cars will be scrapped.

For Fisker, a much lower-volume manufacturer, the loss of 300+ cars in the New Jersey port equates to $30-million in loses, if not more.

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