Fairless Hills, PA -- (SBWIRE) -- 10/12/2017 -- The United States just recently withstood two major hurricanes. When major natural disasters strike, they displace countless people and can cost millions (if not billions) in property damage.
These events present ramifications for the entire country. As the nation recovers, it is important to note how businesses and even individuals can be affected by these storms.
According to Fox Business, Hurricane Harvey may have caused extensive damage to over 500,000 vehicles. As major automotive companies like Ford and General Motors ship used cars to large dealerships in Texas, supply will decrease as demand increases. This, combined with the damage from Hurricane Irma, will lead to some rising prices.
Buyers looking for used cars will want to secure their purchase before prices rise further than they have already. PA Auto Credit provides residents of the Greater Philadelphia area auto loans with flexible payment plans. Even with bad credit, auto loans in Philadelphia, PA are possible with this company.
Ivan Drury, an analyst at automotive industry site Edmunds.com, shared some insight with a recent statement made to Business Insider.
"Prices are at record highs due to high volumes of near-new off-lease vehicles. On the other end of the spectrum, older used cars are holding their values at high rates and are in limited supply. Those who can't afford to spend a lot are going to get squeezed on pricing, especially as a sudden increase in demand makes finding cheaper used cars even more challenging," said Drury.
Prices will only continue to rise. Those in the market for a used car and seeking auto loans should not hesitate any longer. For Buy Here Pay Here program in Bucks County, PA, call PA Auto Credit at 800-371-1769 or visit them online at http://paautocredit.com.
About PA Auto Credit
PA Auto Credit is the place residents of Philadelphia, PA, and its neighboring towns can turn to for auto loans, regardless of credit history. They provide convenient services and flexible payment schedules that conform to the unique needs of their clientele.
To learn more about PA Auto Credit, visit them online at http://paautocredit.com/.