I'm so old I Remember when:

Yes, older vehicles with not so bad damage are being "totaled" very quickly.
I live in a flood prone area and loss two cars to street flooding.
All the water has to do is get into the electronics (under the seat) and it's totaled.
I remember when as long as the water wasn't above the air intake you kept your foot on the gas enough to keep the water from flooding the tailpipe and you were going to make it home.
 
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