Guess How Many Automobiles May Need To Be Scrapped As A Result Of Hurricane Sandy?
Hurricane Sandy absolutely devastated the tri-state area. Homes up and down the East Coast were leveled. More than 100 people from Delaware, New Jersey, and New York were killed. Early estimates say that New York City could end up spending about $33 billion to repair everything from the city’s power grid to the fuel systems. And, as you might expect, there were thousands upon thousands of automobiles that were flooded and totaled as a result of Sandy. But, just how many cars and trucks will end up in a scrap yard thanks to Sandy?
Well, car companies both here in the United States and overseas are currently tallying up their total losses. But, it’s estimated that somewhere in the range of 250,000 autos are going to have to be scrapped. Of those, about 16,000 were new with many of them having been stored at a port in Newark where car companies routinely store them until they’re sold. Everyone from Ford and Chevrolet to Nissan and Fisker Automotive are reporting that they lost millions of dollars worth of cars in the aftermath of Sandy. And, many individuals out there have obviously lost them, too. Those people will need to buy new cars in the coming months to replace their rides that were destroyed in the hurricane.
It’s a tragic situation. But, there is a silver lining here. While few car companies are coming out and saying it right now, the car replacement process is going to give the automobile industry, both here and abroad, a huge boost in the coming months. Many dealerships are reporting that they lost a lot of money in the days after Sandy when people were either unable to car shop or simply too down to do it. But, in the coming months, there are a lot of people out there who will need new cars to replace ones that they lost during Sandy. So, the auto industry—and all those that work in it—are going to be busy.
The number of automobiles lost in the hurricane is ultimately a very unimportant issue when you compare it to all of the homes and lives that were destroyed by it. But, it is yet another reminder of just how costly and damaging the hurricane was. So, we all continue to wish for the best for those who are still dealing with what Sandy did to them.