Hurricane Ida Destroyed so Many Cars, it Could Raise Prices Further

The average price Americans pay for a new car has set a new record for five consecutive months. It’s likely to climb still higher this month. We can cite all the usual culprits — supply shortages, an economic recovery, people nervous about public transit during a pandemic, and so on. But there’s a new factor pushing prices higher, and it’s one you may get used to hearing about — storms.

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