Jump to content
Create New...
  • William Maley
    William Maley

    Sandy Cost Automakers 15,000 Vehicles, Total Vehicle Damages Could Total 200k

    William Maley

    Staff Writer - CheersandGears.com

    November 7, 2012

    Hurricane Sandy was the largest storm in the Atlantic in US history, and the economic damage is beginning to come into view. Automotive News is reporting that around 15,000 new vehicles will be scrapped due to storm damage.

    About 40% of those are Nissan and Infiniti vehicles that were determined to be unfit for sale. Toyota is next with the possibility of having to scrap close to 4,000 vehicles. Other automakers that have announced they would have to scrap vehicles include,

    • Honda/Acura: 3,440 vehicles
    • Chrysler: 825 vehicles
    • Hyundai: 400 vehicles
    • Fisker: 320 vehicles
    • Kia: 200 vehicles

    General Motors and Ford haven't come out with estimates at the moment and no one is saying how much replacing the wrecked vehicles will cost.

    Those numbers pale in comparison with estimate put out by the National Automobile Dealers Association which say that 200,000 vehicles could be replaced.

    Source: Automotive News (Subscription Required)

    William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.

    User Feedback

    Recommended Comments

    Well I hope all those private owners make out OK with insurance and can replace their lost vehicles with comparable or better. I'm less sorry for the new, untitled vehicles that were lost, unless they were sold orders.

    200,000 vehicles going into salvage is crazy.

    Link to comment
    Share on other sites

    Well I hope all those private owners make out OK with insurance and can replace their lost vehicles with comparable or better. I'm less sorry for the new, untitled vehicles that were lost, unless they were sold orders.

    200,000 vehicles going into salvage is crazy.

    Better than having them be dried out and sold on the grey market and end up being a nightmare of auto ownership. I hope they truly crush these auto's rather than sell them off as scarp.

    In regards to private owners, I hear many will not get anything as the insurance does not cover flooding. I suspect the insurance companies will do all they can to avoid having to payout for this big mess.

    Link to comment
    Share on other sites

    I work for an insurance company, and as long as there is comprehensive coverage on the vehicle, floods are covered. We are paying out a boatload of money each day!

    That is good to know as when you watch news you hear from so many people that their insurance will not cover their cars, homes, etc. So they are looking at a total wipe out loss.

    Link to comment
    Share on other sites

    No way I am advocating re-selling flood vehicles, I'm just saying that is a lot of vehicles to go to salvage vendors at once. There will be some salvageable parts on a lot of these.

    Link to comment
    Share on other sites

    Plenty of co-workers at my job here in NJ have family and friends, amongst themselves, that suffered from property loss due to Hurricane Sandy. Many lost cars parked at their houses in the NJ shore towns, and others lost their cars to flooding in their towns (mostly northern portions of the state close to NYC). My one co-worker's grandparents lost their two cars parked at their lagoon house off the bay that leads to the ocean - they were at their Florida house at the time. My boss lost his vintage VW Beetle convertible (older, non-restored car) that he leaves at his parent's shore house on Long Beach Island (LBI) for summer usage. I'm sure those without comprehensive coverage, especially on older, less used vehicles, will not be compensated unless the Federal Government (FEMA) steps in.

    I agree with you ocnblu, too many cars will be heading to scrap/junk yards over the next couple of weeks.

    Link to comment
    Share on other sites

    Also the shortage of quality used cars will force many to buy new, so we will see many new auto's with cleaner roads, less dropped oil.

    That is the bright side, emissions and amount of safer auto's on the road.

    • Agree 1
    Link to comment
    Share on other sites

    Prolly not MSRP, that would not be a fair payout. It should be their true cost up to that point, including transportation to get them to the port, imo.

    Fisker will most likely get about $320.

    Link to comment
    Share on other sites

    I for one, wouldn't mind getting a slightly soggy new vehicle on the cheap.

    But I'd have to be sure about just how much water it encountered. I'm willing to bet that, though unsaleable as new, a great many fully-functional vehicles are contained in this number.

    Link to comment
    Share on other sites

    Salt water is an absolute killer. It would be an electrical nightmare, at the very least.

    But at the right cheap price, you could gut it, clean it and put in the engine, electrical and inside you desire and have a killer auto. :)

    What does Olds mean by Dont Troll????? :blink:

    Link to comment
    Share on other sites

    Well, a salt bath also kills the body with future corrosion problems. Electrical problems can go all the way down the line following the harnesses, like a cheap set of Xmas lights when a single bulb burns out. And carpets, seats... just omg. Insurance companies have guidelines on water depth in relation to the dashboard and fresh/salt water immersion.

    And I think Olds may have been talking about my gentle jab at highline golf cart maker Fisker when we were discussing insurance settlements to OEMs, post-flood. I can't be sure though. :)

    Link to comment
    Share on other sites

    Well, a salt bath also kills the body with future corrosion problems. Electrical problems can go all the way down the line following the harnesses, like a cheap set of Xmas lights when a single bulb burns out. And carpets, seats... just omg. Insurance companies have guidelines on water depth in relation to the dashboard and fresh/salt water immersion.

    And I think Olds may have been talking about my gentle jab at highline golf cart maker Fisker when we were discussing insurance settlements to OEMs, post-flood. I can't be sure though. :)

    Fisker does make nice Luxury Golf Carts! :P

    Link to comment
    Share on other sites

    6ABC news this afternoon is reporting upwards of 250,000 cars - 16,000 of which are new manufacturer's cars - to be claimed by Sandy. Their report went on to mention the demand for automotive purchases (new and pre-owned) will increase once the insurance companies start making payouts.

    Link to comment
    Share on other sites

    Salt water is an absolute killer. It would be an electrical nightmare, at the very least.

    But at the right cheap price, you could gut it, clean it and put in the engine, electrical and inside you desire and have a killer auto. :)

    Not worth the effort.

    Link to comment
    Share on other sites

    Salt water is an absolute killer. It would be an electrical nightmare, at the very least.

    But at the right cheap price, you could gut it, clean it and put in the engine, electrical and inside you desire and have a killer auto. :)

    Not worth the effort.

    Would be to me.

    Link to comment
    Share on other sites

    Salt water is an absolute killer. It would be an electrical nightmare, at the very least.

    But at the right cheap price, you could gut it, clean it and put in the engine, electrical and inside you desire and have a killer auto. :)

    Not worth the effort.

    Would be to me.

    Think of a new Suburban, Camero, Sierra etc that you just gutted the electrical, interior, etc and then cleaned and painted and sealed the auto and then custmized the interior and powertrain to your liking.

    Anyone want a Suburban Duramax Diesel? :P If I could pick a suburban up for a few thousand dollars as scrap and then gut it and build it the way I want the interior and powertrain to be, this is well worth it to me. :D

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • My main question is if they improved the center console.  I really like the Ioniq 6, but the center console of the interior was such a huge miss in terms of material quality and construction that it killed the car for me. It was odd that given the level of quality in the rest of the interior that one of the most touched items in the car outside of the steering wheel was an obvious afterthought to the design team.
    • Interesting read, I have to agree that the writer hits a number of solid points as to why the whole Tariff mess actually will help EVs as ICE dies. Why EV-hating Trump has accidentally driven the final nail in the coffin of gas cars Interesting read and I can see dealerships ripping up current unsigned contracts to reap bigger profits on autos on the lot now before the more expensive ones show up. US consumers rush to buy big-ticket items before Trump's tariffs kick in
    • Yes Genesis is not as high as they were in 2017 for the G90, but they have been slowly climbing the last 3 years, so we will see how it goes. I think breaking it out as a stand alone luxury division is a smart move. https://carfigures.com/us-market-brand/genesis/g90 Yet if you look at U.S. total sales of all models, Genesis has continued to increase in sales each year. Genesis | US Market Brands | CarFigures It is not a sprint, but a marathon of luxury quality autos.
    • Here's the problem, the G90 doesn't sell, and coupes and convertibles don't sell, combing both would be a disaster.   If they did a mid-size car maybe they would have a chance, but maybe they feel like the 4-series and CLE already kind of took that space away. And Cadillac for sure needs to do a coupe version of whatever replaces the CT5.  I think if you took a Lyriq drivetrain and throw a coupe body on that for $70-80k range they have a winner.
    • Hyundai set a new benchmark in EV design with captivating curves and enhanced proportions with the reveal of the IONIQ 6 and IONIQ 6 N Line at the SEOUL Mobility Show. The IONIQ 6 N Line is inspired by the RN22e Rolling Lab concept featuring sculptured bumpers, dynamic stance, and an aggressive emphasized DNA styling language. This reveal of the N Line for the IONIQ 6 shows the exciting high performance electric streamliner that Hyundai has coming. To highlight the N Line model’s dynamic and aggressive design, the front and rear wing-shaped bumpers feature enhanced details and a more sculptural form. This wing-inspired bumper design, along with a side sill emphasized by a single line, gives the electrified streamliner a visually lower stance. Additionally, the extensive use of black color at the rear, drawn from the RN22e’s design, contributes to the IONIQ 6 N Line’s sporty proportions. The two-dimensional Parametric Pixel lamp design further emphasizes a digital aesthetic. Both the IONIQ 6 and IONIQ 6 N Line features an enhanced interior providing a comfortable, intuitive experience that includes a redesigned steering wheel, upgraded martials, refined center console, and enlarged climate control display. The "Mindful Cocoon" style with a greater focus on comfort and intuitive driver experience. The redesigned with premium feel drivers experience starts with a redesigned steering wheel, enhanced door, dash and seat materials for a premium feel while delivering improved functionality. The IONIQ 6 emphasizes the electrified streamliners modern take on a connecting body flow of precision and nature based on their update "Pure Flow, Refined" Style. The new vehicle’s elevated hood and extended shape, combined with a shark-nose design, create a sleek profile that appears to slice through the air. The black garnish on the lower body extends to the doors, emphasizing the IONIQ 6’s streamlined body. The previous-generation vehicle’s prominent spoiler has been removed, with the new IONIQ 6 featuring an extended ducktail spoiler to maintain aerodynamic performance while achieving a smoother, more refined silhouette. The car’s front and rear design details have been refined for a modern and high-tech appearance, featuring separate slim daytime-running lights and main lamps. Horizontal design elements create a wider stance, while the rear bumper design complements the front with modern chrome garnish. *Specifications mentioned above are based on the Korean-market model. Features, technology and claimed figures may differ depending on the market.       View full article
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search