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Recent Hurricanes Impact Used-Car Sales

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If you’re in the market for a used car, don’t be surprised if it’s hard to find the model or price you want.

As a result of hurricanes Harvey and Irma, over 1 million vehicles will need to be replaced. That means new and used-car inventory being redirected to the affected regions might lead to scarcity and higher prices in other areas. NADA and J.D. Power even took the unusual step of releasing mid-month book values to reflect updated pricing.

Look for dealerships that use alternative sources of inventory, like online auctions and dealer-to-dealer marketplaces.

Joe Holmes, DealersLink

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