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Superstorm Sandy’s harsh toll on Newark’s new cars

AP Photo/Mark Lennihan
These imported cars in Port Newark weren't destroyed by a Hurricane. Others were not so lucky.
  • Tim Fernholz
By Tim Fernholz

Senior reporter

Published This article is more than 2 years old.

“An estimated 15,000 new cars awaiting delivery to dealerships were reported to be irreparably damaged by storm surge at the Port Newark–Elizabeth Marine Terminal in northern New Jersey.”

—The Federal Reserve Beige Book,which reported measured growth across the country in the past seven weeks.

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