In a universe where nothing gets lost and everything is transformed, the devastation natural disasters have caused in the automotive industry in recent times is about to be become profit for some, and a huge loss for others.
Floods, one of the biggest enemies of cars, have swept across the world, caused either by huge quakes, like the one in Japan, or by storms and heavy rains, like some of the floods currently taking place in the US. For car owners, the reason behind the cause is far less important than the effects.
As recently as last week, the Mississippi caused a lot of damage in parts of the US, leaving behind a trail of devastation. That includes a great deal of cars, which have been damaged, more or less, by water and whatever came with it.
Most of these cars, at first sight still operational, will be deemed unusable by their owners, who will try to sell them on the used car market later this year. At least, this is what Alliance Inspection Management (AiM), a vehicle inspection specialist, is saying, adding that it expects to see a lot of vehicles damaged by water sold on this segment of the market.
The danger to buyers is significant, as AiM says, because the type of damage water leaves behind is extremely serious, and most often very hard to detect.
No actual study on how many such cars are expected to turn up on the market has been made, nor did AiM provide any data about how many such cases it encountered.
Floods, one of the biggest enemies of cars, have swept across the world, caused either by huge quakes, like the one in Japan, or by storms and heavy rains, like some of the floods currently taking place in the US. For car owners, the reason behind the cause is far less important than the effects.
As recently as last week, the Mississippi caused a lot of damage in parts of the US, leaving behind a trail of devastation. That includes a great deal of cars, which have been damaged, more or less, by water and whatever came with it.
Most of these cars, at first sight still operational, will be deemed unusable by their owners, who will try to sell them on the used car market later this year. At least, this is what Alliance Inspection Management (AiM), a vehicle inspection specialist, is saying, adding that it expects to see a lot of vehicles damaged by water sold on this segment of the market.
The danger to buyers is significant, as AiM says, because the type of damage water leaves behind is extremely serious, and most often very hard to detect.
No actual study on how many such cars are expected to turn up on the market has been made, nor did AiM provide any data about how many such cases it encountered.