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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (135340)	8/30/2017 3:07:36 PM
From: Elroy Jetson	Respond to of 218046

Edmunds estimates that 366,000 new cars and trucks have sitting in dealer inventories in the areas flooded have been destroyed, which is a big start on reducing the inventory. The problem is virtually all auto dealers have insurance on the vehicles which cover fire or theft only with no insurance coverage for floods, leaving the car dealerships out-of-pocket for all of their losses. The surviving dealers will likely see increased sales of economical trucks and cars after the damage is cleared, but on net they will have taken a huge loss. Auto makers though will benefit.