Hurricane Ida’s Destruction Adds to Car Market’s Woes

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Hurricane Ida left cars totaled by flooding and owners facing slim pickings on dealership lots

and Enterprise Holdings Inc. are still short on vehicles, as the manufacturing disruptions have hampered their ability to rebuild fleets whittled down during pandemic lockdowns last year. The constraints have resulted in higher rental-car rates and customers having to scour harder to find an available car.

“This is just adding insult to injury at this point,” said Jessica Caldwell, an analyst for car-shopping website Edmunds.com. “The industry was already in such a tough place, and now these storms seem to be coming more frequently.” of semiconductors, used in everything from engines to air bags and media displays, has only further complicated efforts to recover lost production.SUBSCRIBE

 

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this is terrible news

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- because that's clearly what we need to focus on here. And they wonder why we think 'business-minded' people are idiots...

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