CARFAX Warns of Potentially Flood-Damaged Vehicles in Used Car Market

CARFAX Warning: Beware of Flood-Damaged Vehicles in the Used Car Market

As we step further into the hurricane season, CARFAX has revealed a staggering estimate of up to 45,000 vehicles that have suffered flood damage due to severe storms between April and July. This alarming statistic not only highlights the immediate danger posed by such weather conditions but also raises concerns for potential buyers in the used car market.

With hurricanes and heavy rains ravaging states such as Texas, Kentucky, and West Virginia, the chances are high that many of these vehicles will soon resurface on dealerships and online platforms. The National Oceanic and Atmospheric Administration (NOAA) has already forecasted an above-average level of hurricane activity in the Atlantic for the rest of the season, which could exacerbate the ongoing issue of flooded vehicles on the market.

Faisal Hasan, Vice President of Data Acquisition at CARFAX, warns that "flood-damaged cars don't just stay in storm-hit areas; they show up all over the country, putting unsuspecting buyers at serious risk." He underlines the dangers faced by consumers, emphasizing that vehicles which were previously seen floating in floodwaters in one state can easily be cleaned and sold as 'good-as-new' cars elsewhere. This deception makes it crucial for buyers to conduct thorough checks before making a purchase.

To help consumers safeguard themselves against these hidden risks, CARFAX has included a list of warning signs to look for when assessing a used car:
1. Inconsistent Carpentry: Look for damp, loose, or mismatched carpentry that differs from the upholstery.
2. Rust Signs: Check for rust around doors, under the dashboard, or parts that are not directly exposed, such as hood and trunk latches.
3. Musty Odors: A strong musty smell could indicate mold or mildew, common in flood-damaged cars.
4. Unusual Residue: Mud or silt found in spots like the glove compartment or under the seats can be a telltale sign.
5. Compromised Wires: Brittle wires lurking under the dashboard are often a result of water exposure.
6. Fog Inside Lights: Condensation in interior lights or on the dashboard can suggest water damage.

For potential buyers, CARFAX recommends utilizing their free Flood Check® tool located at carfax.com/flood, where they can quickly determine if a vehicle has a history of flood damage. Additionally, prospective car buyers can obtain a free CARFAX Vehicle History Report from CARFAX.com to confirm the condition of a vehicle before committing to a purchase.

Overall, Florida and Texas hold the unfortunate distinction of leading the nation in terms of flood-damaged vehicles currently on the road. CARFAX research reveals that such vehicles frequently turn up in states where flooding isn't typically of concern, including Pennsylvania and Illinois.

Awareness is key when navigating the used car market, especially during this tumultuous hurricane season. By recognizing the signs of flood damage and utilizing tools like CARFAX's Flood Check, consumers can better protect themselves from becoming victims of scams involving flooded vehicles.

For those interested in more detailed insights about the number of flooded cars in each state or for interviews with used car experts from CARFAX, reach out to their contact, Em Nguyen, via email.