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Superstorm Sandy

N.J. Dealer Pleads Guilty to Selling Cars Damaged in Superstorm Sandy

A dealer who acquired clean titles for flood-damaged cars he bought at auction faces up to three years in prison. He must also reimburse the customers who purchased the seven vehicles.

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Dealer Accused of Selling Cars Damaged in Superstorm Sandy

The operator of D&D Auto Sales, two employees and a state Motor Vehicle Commission technician were charged with acquiring fraudulent “clean” titles for eight flood-damaged vehicles and selling seven of them to customers.

Wholesale Prices Continued to Fall in May, Kontos Reports

The year-over-year drops in wholesale prices in February, March and April continued in May, with wholesale prices dropping 2.8 percent vs. April and 4.5 percent from a year ago.

Wholesale Used-Vehicle Prices Expected to Soften

ADESA Analytical Services reported this week that wholesale used-vehicle prices could resume the general softening pattern that began around mid-2012 and before Superstorm Sandy.

Kontos: Wholesale Prices Resume Decline After Sandy-Induced Spike

In its monthly report, ADESA Analytical Services found that wholesale used-car prices are declining once again after an uptick following Hurricane Sandy. The decline originally began this past spring.

Market Watchers Predict Sandy's Impact

Based on analysis and data from two automotive research and shopping websites, the impact of Superstorm Sandy on the automotive market may be less than previously believed.

NADA Urges Industry to Donate to Emergency Relief Fund

The NADA pledges $1 million to the National Automobile Dealers Charitable Foundation, and encourages other dealers to do the same.

Penske Loses 1,000 Vehicles to Hurricane Sandy

Penske Automotive Group estimates the business impact from superstorm Sandy to be hefty, with the dealer group saying that 36 of its stores along the East Coast were impacted and lost about three to four days of business.

Ally Offers Sandy Victims 90-Day First Payment Deferral

Ally Financial is working with East Coast customers affected by the storm, allowing them to defer payments for 90 days.