New DH calendar
Article posted: 11/9/2012 7:44 AM

Claims about flood-damaged cars aren’t true

Buy this photo Buy this photo
Gallery Image

Cars are submerged at the entrance to a parking garage in New York's Financial District in the aftermath of superstorm Sandy. Alarming claims that hundreds of thousands of flood-damaged cars from Superstorm Sandy will inundate the used car market arenít backed up by insurance company claim data, The Associated Press has found. The dire predictions come mostly from companies that track vehicle title and repair histories and sell those reports.

Associated Press

About this Article

In the days since Superstorm Sandy, an alarming prediction has flashed across the Internet: Hundreds of thousands of flood-damaged vehicles will inundate the nation's used-car market, and buyers might not be told which cars have been marred. Not true, according to insurance-claims data reviewed by The Associated Press. The actual number of affected vehicles is far smaller, and some of those cars will be repaired and kept by their owners.