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Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 71051  
Subject: Re: 230K Cars Ruined By Superstorm Sandy Date: 11/27/2012 11:58 PM
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About 15MM new cars are produced in the US in a typical year. (The low in the recession was 9MM; record high is 18MM).

From an investors point of view, that 230k cars is abt 1.5% of US production. It is not significant to new car production.

However, it could produce a shortage of used cars and drive up prices--especially in that region.

The burden on the insurance industry could be the most important aspect.
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