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Wednesday, 19 June 2013 21:14

Cars are Selling Like Hotcakes after Oklahoma Tornadoes Destroy Thousands of Vehicles

The Oklahoma Insurance Department reported on June 11 that more than 28,000 claims have been filed for private vehicle losses following the May tornadoes that hit Moore and El Reno.

Now, car owners are replacing their vehicles and metro-area dealerships are seeing a surge in business as those affected are replacing their damaged cars, The Oklahoman recently reported.

Insurance companies have been cutting checks to customers who suffered a loss, and those people have begun shopping for a replacement vehicle, dealers say.


Nearly 20,000 private auto claims were filed for the May 19 and 20 storms, worth $51.7 million, and 8,215 have been filed for May 30 and 31, worth another $8.2 million, according to the state Insurance Department. Total vehicle losses, including commercial claims, are more than $62 million.

David Stanley Chevrolet is advertising a “tornado relief sale” to capture sales. The dealership is offering a gasoline voucher for three months and down payment assistance of $1,000.

“Our telephone and floor traffic are increasing,” said Rob Stanley, president of the David Stanley Auto Group. “We haven’t seen the majority of it yet. A lot of people are still waiting on insurance checks.”

Internet sales representative Jeff Nguyen said the dealership has been collecting donations, delaying car payments for new buyers and issuing loaner cars to those affected by the storm.

“Obviously, we’re a business and we love to sell vehicles and help people out, but this is a little different. We hate selling vehicles in a situation like this. We want to be able to sell people a vehicle because they want a vehicle, not because they need a vehicle,” he said.

Big Red Sports & Imports in Norman has been verifying insurance claims and putting the customer in a vehicle, even before the funds come in—something they wouldn’t normally do, said Richard Howard, general manager.

“We’ve done well because we’re so close (to Moore.) We’re neighbors. We consider Moore and Norman the same,” Howard said.

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