Super Storm Sandy took out a lot of automobiles in its path of destruction through the Northeast last October. The number surpassed 250,000 at last count, and a few of those were owned by Chevrolet – cars either sitting on dealership lots or waiting at port to be shipped off. Rendered unsellable by the water damage inflicted by Sandy, these vehicles were facing the crusher. But Chevy didn't send them there.
In the wake of Superstorm Sandy hitting the east coast, Fisker Automotive and insurer XL Insurance wound up in a legal battle over 338 Karma models destroyed in the storm. The cars were sitting in Port Newark, New Jersey when the enormous storm struck, washing away $33 million worth of viable automobiles. Fisker sued XL Insurance in New York State Supreme Court after the company denied coverage for the loss.
Four months after superstorm Sandy blew through the East Coast wreaking havoc in its path, the National Insurance Crime Bureau (NICB) has announced its revised estimates for the number of vehicles damaged in the storm's wake. The new total now stands at a staggering 250,500 vehicles (for perspective, about 15,000 of the vehicles are shown parked on a runway in the images from New York above).
The damage from a major natural disaster can be harrowing – loss to life and limb combined with property damage, environmental, economic and psychological impact make picking up the pieces difficult. But long after the crisis ebbs, the damage lingers, becoming ever more pernicious and difficult to discern. Mold inside walls, unseen weakened structures... they all get covered up with fresh coats of paint. So, too, it is with the automobiles affected.
According to the most recent estimates, Hurricane Sandy inflicted upwards of $60 billion in damage to the Northeast when it hit last October – one of the most destructive storms in history. In addition to the life and property losses, officials believe that more than 200,000 vehicles in the New York area alone were damaged by water from storm surges, flooding and rain.
Whoa boy. According to Reuters, Fisker has been denied some $33 million in damages by its insurance company, XL Group PLC, for 338 Karma sedans that were destroyed by Superstorm Sandy while at port in New Jersey. Not surprisingly, Fisker is suing the insurer, which is based in Dublin, Ireland but has offices in the US.
One of the harsh realities encountered by some in the aftermath of Hurricane Sandy is the damage done to their beloved classic cars. Such a story may not make it to CNN, so Hagerty Insurance set about chronicling the efforts by several owners to preserve their classics during the storm.
Ferrari has managed to raise $1.5 million for victims of Hurricane Sandy during an auction in Austin, Texas for the very first F12 Berlinetta in the US. The funds will go to the American Red Cross and be earmarked for Hurricane Sandy relief. Ferrari started bidding on the F12 at $315,888, but the most powerful production model from the company fetched $1.125 million by the time the gavel fell through bids sourced both in person and over the phone. The company also managed to raise a further $345
After the flooding and power outages, one of the biggest impacts Superstorm Sandy has had in the Northeast remains a rash of gasoline shortages. To get around the problem, Fei Teng, a 42-year-old sushi chef at a Manhattan restaurant called 1066 ENO, was reportedly hoarding gas in the restaurant's basement using soy sauce buckets. How do we know this? According to the New York Daily News, another restaurant employee accidently spilled most of the fuel onto the floor, which subsequently somehow ig
The immediate impact of Hurricane Sandy was devastating, and the storm's ripple effects will continue to be felt in the weeks and months ahead as communities work to recover. One side effect becoming apparent is Sandy's influence on the used car market.
Early Estimates Predicted Hundreds Of Thousands Of Vehicles Were Lost
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.
Hurricane Sandy was the largest Atlantic storm in US history, and its total economic impact is just now coming into view. According to Automotive News, Toyota, Chrysler, Nissan and Honda are set to scrap around 15,000 new vehicles ruined by the storm. Nissan alone accounts for about 40 percent of those, with 6,000 Nissan and Infiniti models deeded "un-saleable" due to damage. The company saw 56 dealerships shuttered due to the storm, but 51 of those have since reopened.
Remember the 16 Fisker Karma plug-in hybrids that were burnt in the wake of Superstorm Sandy? They're not the only bad news for the luxury green automaker: more than 300 Karmas, worth over $30 million, were sitting at Port Newark when it flooded and got destroyed. In all, over 10,000 vehicles were damaged at the port when the waters rose. In other words: fire bad, water really bad.
One of the major side effects of the power outrages in New York and New Jersey following hurricane Sandy is gas stations' difficulty getting fuel to customers. Shortages have led to seemingly endless gas lines, and in all of this, hybrids have shown their inherent value.
To help those effected by Hurricane Sandy cope with the natural disaster, automakers are stepping up in various ways. Known to us right now are contributions of aid or assistance by Ford, General Motors, Toyota, Fisker and Nissan. Toyota and Ford have opted to give in the most straightforward fashion: donations of money. Ford has announced that its own employees have collected $50,000 to donate, and Toyota has stated that it will contribute $1 million in support of relief efforts. Both companies
New Jersey, New York residents report hours-long lines, dry pumps
In theory, industry analysts say there's no reason that victims of Hurricane Sandy's devastating path should face gas shortages or long lines at the pump. In reality, many gas stations are shuttered. And at ones that are open, customers face lines that are hours and miles long.
New-car sales may dip in short term, but storm victims could add to year's strong sales numbers
The effects of Hurricane Sandy are expected to ripple across the auto industry.
In the short term, the superstorm is expected to hurt October sales figures, as dealerships across the Eastern Seaboard missed several days of sales. But in the months ahead, analysts expect the storm to boost an already-burgeoning industry as Sandy's victims replace damaged vehicles.
Storm comes in fast and sends trees toppling on to driveways
You have seen the surfers who go to the beach in the teeth of a major storm, and the drivers who simply won't get off the road against all advisories. Now, watch the guy who had his phone creating vide out his front door, seemingly laughing off the storm until...well, you watch the video.
When we say the worst of Hurricane Sandy has passed, we're only talking about the weather phenomena; the depth of the storm's other impacts will take time to measure. Many of the estimated 4,751 car dealers in the states affected by Sandy spent the run-up to the storm moving their inventory to high ground if possible and bracing their dealerships for the storm. Many had already been through Hurricane Irene had some practice, but, as one dealer said, the water levels before Sandy hit were already
On Monday, with Hurricane Sandy fast approaching, Wards Auto published a report speculating on how the storm might effect the auto industry. In a general sense, it was predicted that plants in or near the storm's path could shut down as a precautionary measure. With Sandy now having made landfall as a superstorm, it appears several production facilities were right in her path.