September 2017




In This Issue ...

Flood Cars In The U.S. Jump 20 Percent Since Last Year

 

Flood Cars In The U.S. Jump 20 Percent Since Last Year

Carfax has released information that suggests drivers may be behind the wheel of more than 325,000 previously flooded vehicles. According to the company, that number is a 20 percent increase from 2016. Vehicles reported as flood damaged by a state's Department of Motor Vehicles (DMV), insurance companies occur in every state. The ten states that have the most are:

Texas - 51,000
Louisiana - 29,000
Pennsylvania - 20,000
Florida - 19,000
Kentucky - 16,000
Illinois - 15,000
South Carolina - 13,000
Virginia - 13,000
North Carolina - 13,000
Michigan - 11,000

In addition to the current total, several hundred thousand more flooded cars may emerge from hurricanes Harvey and Irma. Historically, about half the vehicles damaged by floods end up back on the market. Flooded cars rot from the inside out as water corrodes the mechanical parts, shorts the electrical system and compromises safety features like airbags and anti-lock brakes. Health concerns are an added problem, as mold and bacteria permeate the soft parts of the car.

"Our data shows there's still much work to be done in helping consumers avoid buying flood damaged cars," said Dick Raines, president of Carfax. "They can, and do, show up all over the country, whether it be a few miles or hundreds of miles from where the flooding occurred. With two devastating storms already this year, it's vital for used car buyers everywhere to protect themselves from flooded cars that may wind up for sale. Start with a thorough test drive, a vehicle history report and a mechanic's inspection before buying any used car."

In the wake of hurricanes Harvey and Irma, Carfax is letting consumers check for flood damage free of charge at carfax.com/flood.

 

October 2017 Deadlines

  • August 30, 2017: Listings for The Locator Magazine.

  • September 1, 2017: Display ads for The Locator Magazine.

  • September 7, 2017: The Locator Magazine goes to press.

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