Hurricane Sandy’s trail of destruction hasn’t left used car shoppers unscathed. The National Automobile Dealers Association reports that used cars that are up to eight-years old could see prices rise 0.5% to 1.5% in December.
“The loss of used-vehicle supply and the increase in replacement demand after Hurricane Sandy will have the greatest impact on used-vehicle prices in December,” says Jonathan Banks, executive automotive analyst with the NADA Used Car Guide. In comparison, NADA says that ...
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Hurricane Sandy Drives Used Car Prices Up
Hurricane Sandy’s trail of destruction hasn’t left used car shoppers unscathed. The National Automobile Dealers Association reports that used cars that are up to eight-years old could see prices rise 0.5% to 1.5% in December.
“The loss of used-vehicle supply and the increase in replacement demand after Hurricane Sandy will have the greatest impact on used-vehicle prices in December,” says Jonathan Banks, executive automotive analyst with the NADA Used Car Guide. In comparison, NADA says that ...
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Hurricane Sandy Churns Up the New and Used Car Markets
Hurricane Sandy not only scored a direct hit on one of the most populated regions of the country, it also landed a blow to the part of the country that accounts for about 20 percent of all car and truck sales in the United States, according to Edmunds.com.
"The storm likely will have an impact on October sales, especially since it comes at the end of the month, but those sales won’t disappear altogether,” says Edmunds.com Sr ...
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