How the Hurricane season will impact used-car value in Illinois

 The Hurricane season is upon us.  Hurricane Harvey and Hurricane Irma have devastated the South with floods, winds and destruction.  People are homeless, have to relocate and are struggling to make ends meet.  Their houses are gone, but so are their cars. 
     History has shown us that when there are devastating events like floods; vehicles are diverted to the area to help the communities.  This makes the Supply (Inventory) very low, but the demand great in our area for used cars.  It has been reported that 1 million-1.5 million vehicles maybe be totaled due to the floods.  We have been told by our industry connections that inventory from the Midwest is already being diverted to the South.  The used car market will have lower than normal inventory levels, which will increase the cost of used cars throughout the Midwest.
     With this being said, we also want you to be hyper aware when buying a car in the next 6-12 months.  If buying a vehicle, find out where the car originated from.  Also make sure that you obtain a vehicle history report, especially looking for Flood/Salvage/Branded titles.  This is especially important when buying from a private party, because there is no protection for you the buyer. 
      Since the used car prices will be increasing this potentially makes buying a new vehicle a better value.  Although we do not have new vehicles on our lot, our concierge service allows us to get the perfect new vehicle for you.  You tell us what you want, and we will find the perfect car at a great price.  Being a dealer, we work with other dealers to find you a fair and reasonable price.   It is a good time to consign a vehicle with us.  Our top priority is to get your vehicle sold for the highest price, in the quickest amount of time.
     Please consider donating your time, or money to a charity to help with the hurricane relief.  They need our help more than ever.  AutoSmart values involvement in our community.  With our commitment to community, we have partnered with the Rotary Club of Oswego to aide in disaster relief.

     Please click on the following link to promote our viral campaign and donate to the hurricane relief:

AutoSmart, Inc.
39 Stonehill Rd., Suite E

Oswego, IL 60543
Phone: 630.554.2285
Fax: 630.554.3716

Mandi Oliver

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