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Houston Area Auto Dealers Reeling in Wake of Hurricane Harvey

Storms and flooding will provide short-term economic boost.

by on Aug.31, 2017

AutoNation CEO Mike Jackson said 17 company dealerships are shut down due to Harvey and he's unsure when they'll reopen. Photo credit: CNBC.

Houston is the fourth-largest city in the U.S. and one of the largest markets for new vehicles so when it’s shut down by a massive hurricane and record rainfall it’s a big deal for the car business.

Fiat Chrysler, General Motors and Hyundai are already offering modest discounts on new vehicles purchased as replacements for cars, trucks and utility vehicles wrecked by the storm or floods.

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The discounts range from $500 to $750 but it’s not clear that that dealers around Houston are ready to handle the post-hurricane traffic just yet. (more…)