NADA Used Car Guide Analyzes Losses from Hurricane Sandy

Jonathan Banks
Exec­u­tive Auto­mo­tive Ana­lyst
NADA Used Car Guide

NADA Used Car Guide thinks vehi­cles up to eight-years-old will see prices increase 0.5% to 1.5% as a result of Hur­ri­cane Sandy, which destroyed thou­sands of vehi­cles. The loss of sup­ply and increase in replace­ment demand will have most of its impact on prices in Decem­ber.

Click here for NADA’s analy­sis of after­math

Fore­cast­ed Injured Loss­es from Sandy Should be between $10B and $20B:
Insured loss cost of Hur­ri­cane Kat­ri­na was $46.5B, and the total cost was $145B.

Reduc­tion in UV Sup­ply and Increase in Demand from Hur­ri­cane Kat­ri­na:
Led to UV prices increas­ing as much as 3% or $309 over 4 month peri­od fol­low­ing storm’s land­fall.

Esti­mates Say Insured and Total Loss­es 1/3 Cost of Hur­ri­cane Kat­ri­na:
Hur­ri­cane Sandy most severe in New York and New Jer­sey, sup­ply and demand dis­rup­tions espe­cial­ly severe in these states.

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