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Subject:  Re: 230K Cars Ruined By Superstorm Sandy Date:  11/27/2012  11:58 PM
Author:  pauleckler Number:  69615 of 73836

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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