Hail Storm Damaged Cars Flood the Used Car Market

Posted on June 24, 2012 by Dana Manner

This year there have been a number of violent hail storms across the country that have caused extensive damage to cars. No sector of the automotive market was left untouched. Car owners suffered damage to their vehicles that were parked outside. New and used car dealers suffered damage to their inventory parked on their lots for sale and display. Even manufacturers like VW suffered damage to new cars that had just rolled off the assembly line in Chattanooga, TN, and were parked outdoors awaiting shipment to the dealer.

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Screenshot of IAA website showing listing of hail damaged cars being auctioned 6/24/2012

A recent search of the Insurance Auto Auctions (IAA) website, shows that there are more than two thousand (2,000) hail damaged vehicles that insurance companies have “totaled” and are awaiting auction dates to be sold.

Two hundred sixty five (265) of these vehicles listed at the IAA auction are being offered with “clean” titles.

BE ON THE LOOKOUT Keep an eye out for this hail damaged 2012 Audi S4 on a used car lot near you… it’s likely to be resold as a “cream-puff” with low miles.

Screenshot of Autocheck Vehicle History Report for 2012 Audi S4 Quattro Premium Plus VIN: WAUDGAFL9CA096324

Up for auction is a 2012 Audi S4 Quattro Premium Plus VIN: WAUDGAFL9CA096324 with an Actual Cash Value of $50,500 listed by Geico Insurance with a clean title. This car has only 600 miles on it, but the pictures of the car show the rear window has been smashed, the body is dimpled with hail damage, and the rear seat appears to have been damaged by rainwater entering the passenger compartment. The Estimated Repair Cost for this nearly new hail damaged Audi is $25,093.

The Autocheck vehicle history report for this 2012 Audi S4 VIN: WAUDGAFL9CA096324 shows no damage, and scores 93 points which is at the top of the range for this car. Buyer beware…

Likewise this Audi has a “clean” CarFax

 

Screenshot of AutoCheck Vehicle History Report for 2012 Ford Explorer VIN: 1FMHK7F92CGA04604 HERE’S AN SUV TO BE ON THE LOOKOUT FOR

Up for auction is a 2012 Ford Explorer VIN: 1FMHK7F92CGA04604 with an Actual Cash Value of $44,923 listed by Progressive Casualty Insurance with a clean title. This car had an original sticker price of $47,135.00 Ford Explorer Window Sticker

This car has just turned over 14,00 miles, but the pictures of the car show the body is dimpled with hail damage, and the interior appears to have been damaged by rainwater entering the passenger compartment. The Estimated Repair Cost for this nearly new hail damaged Ford is $24,418.

Like the Audi mentioned above, this 2012 Ford Explorer VIN: 1FMHK7F92CGA04604 has a clean title and clean AutoCheck Vehicle History Report. Buyer beware…

HOW ABOUT A MERCEDES-BENZ THAT GOT CAUGHT IN A HAIL STORM?

Up for auction is a 2010 Mercedes-Benz E350 VIN: WDDKJ5GB3AF042323 with an Actual Cash Value of $47,930 listed by Progressive NSU Casualty Insurance Company with a clean title. This car has just turned over 22,00 miles, but the pictures of the car show the rear window is smashed, taillight is damaged and the body is dimpled with hail damage, and the interior appears to have been damaged by rainwater entering the passenger compartment. The Estimated Repair Cost for this nearly new hail damaged Benz is $30,477.

Like the Audi and the Ford mentioned above, this 2010 Mercedes-Benz E350 VIN: WDDKJ5GB3AF042323 has a clean title and clean AutoCheck Vehicle History Report. Buyer beware…

 

LAST BUT NOT LEAST, HERE’S A “NEW” CAR “FRESH” OF THE DEALER’S LOT

As mentioned at the beginning of the article, new car dealers have suffered damage to their inventory parked on their lots for sale and display. One such hail damaged car up for auction, still has it’s Manufacturer’s Certificate of Origin (“MCO” meaning that this car was delivered to the dealer, but never sold or titled in a new car buyer’s name).

Up for auction is a 2012 Volkswagen Jetta VIN: 3VW2K7AJ2CM346911 with an Actual Cash Value of $18,392 listed by Progressive NSU Casualty Insurance Company with a clean title. This car has just turned over 4,800 miles, but the pictures of the car show the rear window is smashed, taillight is damaged and the body is dimpled with hail damage, and the interior appears to have been damaged by rainwater entering the passenger compartment. The Estimated Repair Cost for this nearly new hail damaged VW is $12,996.

Like the cars mentioned above, this 2012 Volkswagen Jetta VIN: 3VW2K7AJ2CM346911 has a clean Manufacturer’s Certificate of Origin and clean AutoCheck Vehicle History Report. Buyer beware…

RECENT HAIL DAMAGED VEHICLE AUCTION STATISTICS

As of June 24, 2012 the IAA auction website shows the following numbers of hail damaged vehicles up for auction, in the following “Top-5″ states:

  1. Illinois (934)
  2. Texas (849)
  3. Kansas (265)
  4. South Dakota (147)
  5. Colorado (134)

As of June 24, 2012 the IAA auction website shows the following numbers of hail damaged vehicles up for auction, by model year ranges:

  1. 2009 & Newer (318)
  2. 2005 & Newer (1,341)
  3. 2003 – 2008 (1,538)
  4. 1994 – 2004 (1,422)
  5. Over 15 Years Old (70)
  6. Over 20 Years Old (32)