Houston floods - 350,000

floydarogers · 08-31-2017, 11:06 AM

http://www.msn.com/en-us/autos/news/...xas/ar-AAqZG7B

Gonna be a lot of flooded cars for sale out there.
Also, with that much demand, new car prices are going up.

Viffermike · 08-31-2017, 02:37 PM

As will used-car prices in the state ...

... and insurance rates. :-/

My 228i M Sport is for sale. I've already had one call from a Houstonite about it. I'm expecting more in the next couple of weeks if the car's still available.

Red Bread · 08-31-2017, 02:54 PM

Yeah, my auto and homeowners is about to double, like it did after Ike.

supra93 · 09-01-2017, 12:05 PM

I think the number will be higher than than. My sister lost both of their cars, but they were fully covered.

NickyC · 09-01-2017, 12:53 PM

How in the hell can new car prices go any higher? I guess 8 year car loans will now be 10 year car loans?

Massive glut of inventory was sitting on dealer lots too, somehow they lucked out with this catastrophe as the industry was about to roll over.

david in germany · 09-01-2017, 01:34 PM

Quote:

Originally Posted by NickyC

How in the hell can new car prices go any higher? I guess 8 year car loans will now be 10 year car loans?

Massive glut of inventory was sitting on dealer lots too, somehow they lucked out with this catastrophe as the industry was about to roll over.

more like from 3% APR to 10% APR.. A way for a loaner to make back some cash on losses.

geogerf · 09-01-2017, 02:32 PM

umm what about the families and people that have died or are dying?

08-31-2017, 11:06 AM	#1
floydarogers Curmudgeon and Pedant 690 Rep 3,489 Posts Drives: 2010 335d, 2014 328d Join Date: Nov 2012 Location: Bellevue, WA iTrader: (0)	Houston floods - 350,000 - 500,000 cars http://www.msn.com/en-us/autos/news/...xas/ar-AAqZG7B Gonna be a lot of flooded cars for sale out there. Also, with that much demand, new car prices are going up.
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08-31-2017, 02:37 PM	#2
Viffermike Colonel 1753 Rep 2,942 Posts Drives: '18 black-n-blue 718 Cayman Join Date: Jan 2015 Location: Big D iTrader: (0)	As will used-car prices in the state ... ... and insurance rates. :-/ My 228i M Sport is for sale. I've already had one call from a Houstonite about it. I'm expecting more in the next couple of weeks if the car's still available. __________________ --Life is a journey made more exciting with a fast car.-- --Helmets are for closers.-- <<Current: "Blackened" '18 NBM Porsche 718 Cayman ... Gone (but not forgotten): "Blackened" MG '15 228i M Sport w/aFe filter/scoop, Hertz drivers, P3Cars multigauge, other goodies>>
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08-31-2017, 02:54 PM	#3
Red Bread Major General 4463 Rep 9,160 Posts Drives: Smog machines Join Date: Oct 2008 Location: Austin, TX iTrader: (0)	Yeah, my auto and homeowners is about to double, like it did after Ike.
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09-01-2017, 12:05 PM	#4
supra93 Colonel 2480 Rep 2,335 Posts Drives: Z4, E500, Supra, RX7 Join Date: Sep 2016 Location: TX iTrader: (0)	I think the number will be higher than than. My sister lost both of their cars, but they were fully covered.
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09-01-2017, 12:53 PM	#5
NickyC Lieutenant General 17460 Rep 10,659 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	How in the hell can new car prices go any higher? I guess 8 year car loans will now be 10 year car loans? Massive glut of inventory was sitting on dealer lots too, somehow they lucked out with this catastrophe as the industry was about to roll over.
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09-01-2017, 02:32 PM	#7
geogerf First Lieutenant 116 Rep 306 Posts Drives: MY17 LBB M2 Join Date: Mar 2017 Location: Pasadena iTrader: (1) Garage List 2017 BMW M2 [0.00]	umm what about the families and people that have died or are dying?
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