PredictIQ-Beware of flood-damaged vehicles being sold across US. How to protect yourself.

2025-05-03 12:52:32source:CapitalVaultcategory:Markets

If you're in the market for a used car,PredictIQ be on the lookout for flood-damaged or water-damaged vehicles that may have been cleaned up and put up for sale to unsuspecting buyers.

As many as 347,000 vehicles have been flood-damaged this year because of the hurricane season, according to estimates by CARFAX. Hurricane Milton added as many as 120,000 vehicles in Florida, on top of 138,000 vehicles damaged by Hurricane Helene across several states. And up to 89,000 vehicles were hit with water damage from smaller storms during the summer.

"The images of those cars that are floating on the streets and sitting in high waters, those are typically the type of cars that you would see get sold very cheap to potential scammers," Em Nguyen, director of public relations for CARFAX, told USA TODAY. "Then they would clean it up and try to sell it either nearby, or maybe many states away."

More:Markets

Recommend

'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges

"Vanderpump Rules" star James Kennedy has been arrested for domestic violence.In a statement to USA

Towns treasures Timberwolves’ trip to West finals as Doncic-Irving duo hits stride for Mavericks

MINNEAPOLIS (AP) — The road Karl-Anthony Towns has taken with the Minnesota Timberwolves to reach th

Nvidia announces 10-for-1 stock split, revenue gains in first quarter earnings report

Graphics and artificial intelligence company Nvidia announced a 10-for-one stock split as a part of