A yellow sports car is submerged in flood waters. Thanks to a combination of stratospheric vehicle repair costs, increased adoption of online auctions and growing numbers of bargain-hunters looking for a deal on expensive or hard-to-find parts, the salvage market is thriving. But it could be much better. (Courtesy photo)

One of the most-shared viral images to come out of Hurricane Ian was a photo of an ultra-rare McLaren P1 submerged up to its windshield in floodwaters after floating out of its owner's garage. The highly collectible car had only 300 miles on it and was valued at more than $1 million, but now it's likely on the books of its insurer as a total loss.

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