Claims about flood-damaged cars false
DETROIT – In the days since superstorm Sandy, an alarming prediction has flashed across the Internet: Hundreds of thousands of flood-damaged vehicles will inundate the nation’s used-car market, and buyers might not be told which cars have been ruined.
Not true, according to insurance-claims data reviewed by The Associated Press.
The actual number of affected vehicles is far smaller, and some of those cars will be repaired and kept by their owners.
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