Tony Katz Today
Are Used Car Values About to Skyrocket?
(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.
Click the link below to hear Tony's full interview with Ms. Kreb: