CARFAX: 347,000 Cars Flood Damaged in 2024 Hurricanes
Rhea-AI Summary
CARFAX reports that an estimated 347,000 vehicles have been damaged by floods during the 2024 hurricane season. Hurricane Milton affected approximately 120,000 vehicles in Florida, while Hurricane Helene impacted 138,000 vehicles across several states. An additional 89,000 vehicles were damaged by smaller summer storms. This marks the most destructive year for vehicle flood damage since Hurricane Ian in 2022, which affected 358,000 vehicles. CARFAX warns that these damaged vehicles might be cleaned up by scammers and sold to unsuspecting buyers, potentially causing mechanical, electrical, health, and safety issues.
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News Market Reaction
On the day this news was published, SPGI declined 0.51%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Storms Create Opportunities for Scammers to Resell Damaged Vehicles
This is the most destructive year for hurricanes and storms in the
Consumers looking to purchase a used car who want to avoid flood-damaged vehicles should do three things:
- Use the free CARFAX Flood Check® tool at carfax.com/flood.
- Inspect the car, looking for these seven signs of flooding:
- Damp carpets
- A musty odor inside, sometimes covered up with a strong air-freshener
- Upholstery or carpeting that may be loose, new, stained or mismatched
- Rust around doors, under the dash, on pedals or in hood and trunk latches
- Mud or silt in the glove compartment or under the seats
- Brittle wires under the dashboard
- Fog or moisture in interior lights, exterior lights or on the instrument panel
- And have a trusted mechanic inspect the car and take it for a test drive.
Editor's note: Interviews with a CARFAX expert are available anytime. Please contact Em Nguyen at emnguyen@carfax.com.
About CARFAX
CARFAX, part of S&P Global Mobility, helps millions of people every day confidently shop, buy, service and sell used cars with innovative solutions powered by CARFAX® vehicle history information. The expert in vehicle history since 1984, CARFAX provides CARFAX Used Car Listings, CARFAX Car Care, CARFAX History-Based Value and the flagship CARFAX Vehicle History Report to consumers and the automotive industry. CARFAX owns the world's largest vehicle history database and is nationally recognized as a top workplace by The Washington Post. Shop, Buy, Service, Sell – Show me the CARFAX®.
S&P Global Mobility is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.
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SOURCE CARFAX