The cerita lucah tuaflooding caused by Hurricane Harvey may have destroyed 1 million cars—and in doing so, totally changed the U.S. used auto market.
As the city works to assess the damage of historic rainfall and unprecedented flooding, analysts are starting to issue estimates on how many cars will be unrecoverable. It's bad.
Analysts from Evercore ISI said more than 1 in 7 cars in the Houston area could be done for, while an economist for Cox Automotive is estimating between 300,000 and 500,000 people will have lost their cars, according to USA Today.
Adding in the number of cars lost by businesses—including car dealerships—and estimates are reaching 1 million, according to auto analysis firm Black Book.
That's been enough to spur expectations that used car prices will rise.
This Tweet is currently unavailable. It might be loading or has been removed.
The need for cars in Houston may be enough to reverse the recent all-around trend of declining used car prices and depreciation in the value of new cars. As of August, the average used car price had dropped 17 percent in the last year, according to Black Book. That was partly blamed on oversupply, due to pretty decent numbers for new car sales.
Keep in mind: Houston's a spread out city, meaning just about everyone has their own car. Now, Houstonians (especially those with flood insurance on their cars) will be opening their wallets to buy new vehicles.
This Tweet is currently unavailable. It might be loading or has been removed.
Into the Meat Grinder
Facebook study finds thousands of shady political ads on the platform
Screw it, here are a bunch of stock photos of Babybel cheese
How to support girls' and women's education
SoCal Gardeners Federation Installation to Be Held on Sunday
Apple reopens 42 China stores following coronavirus closures
Microsoft turns its Build conference into an online
Doc and Marty just had the most pure 'Back to the Future' reunion
Studio Ghibli Films in Hollywood, Santa Monica
What we learned from Netflix's 'Love Is Blind' experiment
Riverside Love Story, an Artist
Facebook sued by Australia for a gobsmacking $529 billion
Injecting this sensor under your skin could prevent future pandemics
Marshall's Monitor II ANC headphones review
‘Art Appraiser Q’ to Be Screened at WLA UMC
Entitled billionaire Elon Musk thinks coronavirus panic is 'dumb'
Major domain name bug allowed hackers to register malicious domains
This cyclone is soaking Southern California with welcome rain
Persimmon Talk at Gardena Valley JCI on Sunday
Twitter tests disappearing 'fleets' which sure look a lot like Stories
Best smartwatch deal: Get the Garmin Epix Gen 2 smartwatch 55% offI'm a Celeb 2024 livestream: Watch I'm a Celebrity...Get Me Out of Here! for freeBest Black Friday Apple deal: Get $200 off MacBook Air with M3 chipHow to come out at collegeEarly Black Friday headphones deals: Save up to 51% on headphones at WalmartBest Black Friday Beats deal: Solo4 headphones for 35% offWhat is the Pinegrove Shuffle trend? TikTok dance and indie music mashMattel's 'Wicked' dolls came with an unfortunate adultsBest Black Friday Apple deal: Get $200 off MacBook Air with M3 chipChatGPT and social media influencers: AI's effect on the creator economy Best Soundcore by Anker Space A40 earbuds deal: Save $35 at Amazon Stanley cup recall 2024: These mugs are being recalled for burning consumers How to unblock Pornhub for free Pew study: Nearly half of U.S. teens say they're online 'almost constantly' Pornhub Year in Review 2024: Demure, tradwives, and more TikTok is giving free Shop credits to people recruiting new users Best free online courses from Harvard University Best Pokémon TCG deal: Surging Sparks Zapdos triple blister is $20.69 at Amazon NYT Strands hints, answers for January 15 Best travel deal: A $100 Southwest gift card is on sale at Best Buy for just $85
0.1652s , 9757.4609375 kb
Copyright © 2025 Powered by 【cerita lucah tua】Hurricane Harvey may have destroyed 1 million cars—and changed the U.S. used auto market,Feature Flash
