Hurricane Sandy destroyed 200,000 cars, NADA says

Article by Christian Andrei, on November 10, 2012

The National Automobile Dealers Association (NADA) said that as many as 200,000 units may have to be replaced in the wake of Hurricane Sandy. Included in this figure are automaker losses as well as the combined tally of individually owned vehicles. Nissan believes that its brands lost a combined 6,000 vehicles. This is far lower than the units lost in Hurricane Katrina but it’s devastating nevertheless.

NADA senior analyst Larry Dixon told Automotive News that the total vehicles affected could be around one-third of what it had with Hurricane Katrina. This was composed of around 600,000 used and new vehicles. He added that replacement demand isn’t expected to accelerate until December. Sandy also devastated Toyota and Lexus. These brands have revealed that at least 3,000 cars will be scrapped and another 1,300 that are being looked into.

The damage estimates of Ford and GM haven’t been announced yet. Honda and Acura said that a combined total of 3,440 cars were lost. Exotic car manufacturer Fisker lost 320 vehicles, which were about to shipped in a New Jersey port when they were destroyed in the storm. Of this figure,18 caught fire.

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