Hurricane Conditions Bumping Used Prices up $700 to $1,000

Wall Street Journal - November 19, 2012

Flood­ing and oth­er dam­age from Hur­ri­cane Sandy destroyed around 100,000 vehi­cles, accord­ing to NADA The dimin­ished sup­ply spells poten­tial price increas­es through­out the coast-to-coast vehi­cle pipeline. Edmunds.com, the car-buy­ing guide, pre­dicts hikes of as much as $700 to $1,000 on some makes and mod­els. This comes at a time when prices for used vehi­cles have already been climb­ing higher—by at least 20% over the past three years.

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