Nissan Might See a Big Sales Lift from Hurricane Irma, Harvey (2017)
Channel: TheStreet
Date: 2017-09-06

Hurricane Harvey destroyed tons of cars, meaning car makers could soon see a sales boom. 

Many industry experts estimate that up to 1 million cars were damaged by intense flooding in Texas and Louisiana due to Harvey. Right behind Harvey is Hurricane Irma, which is shaping up to pummel parts of Florida. 

Hurricane Irma's insured damage in Florida could be the "largest ever" in the United States, possibly meeting or exceeding the $50 billion in insured damage inflicted by Hurricane Katrina in 2005, Barclays analysts said in a note on Tuesday, Sept. 5.
Barclays said catastrophe modelers have estimated insured damage could be on par with the 1926 Miami Hurricane that would mean up to $130 billion in damages "in a worst case scenario."
 
TheStreet talked with Nissan NSANY chairman Jose Munoz about business in the wake of such storm devastation.