Katrina Ruined Vehicles & Dealerships - Affect National Markets?
With perhaps a million vehicles ruined by floods, and 80 dealerships K-0ed in New Orleans alone, we can expect flooddamaged vehicles to find their way across the country, often with laundered titles.
Ruined vehicles, fuel costs add volatility to auto industry
Thursday, September 01, 2005
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Its unfortunate for the industry and the consumer, both the people who lost their car to the flood and the people unknowingly buying a flood damaged automobile. The only thing you can do is check for flood damage by doing something like smelling the inside of it from water damage, or check for rust and corrosion.
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