Half A Million Cars Could Be Destroyed By Harvey

Analysis by Cox Automotive, which includes Kelley Blue Book and other brands, found that between 300,000 and 500,000 vehicles in Houston could be lost to the storm.

Jonathan Smoke, chief economist from Cox Automotive, said that estimate is based on how many cars were destroyed by Superstorm Sandy in 2012 and Hurricane Katrina in 2005, as well as reports of damage done by Harvey in Houston so far.

Analytics firm CoreLogic estimated that Harvey could cause up $40 billion worth of damage in Texas. Read more at CNN.

{Matzav}