Nissan Will Probably See a Sales Jolt After Hurricanes Harvey and Irma

Nissan will play a key role in getting people back on the road after Hurricane Harvey and Irma.
By Brian Sozzi ,

Hurricane Harvey destroyed tons of cars, meaning car makers could soon see a sales boom.

Many industry experts estimate that up to 1 million cars were damaged by intense flooding in Texas and Louisiana due to Harvey. Right behind Harvey is Hurricane Irma, which is shaping up to pummel parts of Florida.

Hurricane Irma's insured damage in Florida could be the "largest ever" in the United States, possibly meeting or exceeding the $50 billion in insured damage inflicted by Hurricane Katrina in 2005, Barclays analysts said in a note on Tuesday, Sept. 5.

Barclays said catastrophe modelers have estimated insured damage could be on par with the 1926 Miami Hurricane that would mean up to $130 billion in damages "in a worst case scenario."

TheStreet talked with Nissan (NSANY) chairman Jose Munoz about business in the wake of such storm devastation.

Watch the full interview with Nissan's North American Chairman right here.

Stick with TheStreet for updated Irma coverage:

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