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Are Used Car Values About to Skyrocket?

Michele Kreb, Executive Analyst from Auto Trader Explains

(photo credit: Julie Dermansky/Getty Images)

The total impact from Hurricanes Harvey and Irma is still being evaluated, but experts are now projecting property damage, lost wages and disrupted business could total as much as $75-$100 billion when all is said and done.

The automotive industry, however, is already reeling from the financial impact of the storms. Hundreds of thousands of vehicles were destroyed during Harvey and Irma, prompting a rise in used car values.

How high will prices go and when will they level off? WIBC host Tony Katz spoke with Executive Analyst for Auto Trader, Michele Kreb to find out. 

Click the link below to hear Tony's full interview with Ms. Kreb:

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