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Auto Industry Forecast 2017

The process of selling your old car with junk vehicle removal is our primary focus. What is the price for a junk car with front-end damage in the Cuyahoga County area? Market changes and pricing fluctuations are aspects of the business that a scrap car buyer must deal with. When you sell your scrap car, remember to remove all personal items and license plates if you wish. When making the decision of where to scrap a car, you may want to consider who will make the process as easy as possible. Did you know that in the United States it is common to have between 12 million to 14 million vehicles scrapped each year, which leads to an abundance of salvageable components and recyclable materials in the market.

In the August 10, 2016 edition of US News & World Report and article was posted by John Devine titled ‘Why the Auto Industry Is in Trouble’ with the following details: “In 2015, U.S. auto sales set a record for the 1st time in 15 years. Assisted by the slow but steady economic recovery, lower interest rates and low gas prices, 2015 was a carmaker’s dream; we see no reason to predict gloom & doom–they may set another record. Sales don’t give you the whole story; the state of traditional auto manufacturers in the long term is that legacy carmakers are falling with the industry’s trends. Tesla Motors (TSLA) is an agent of chaos in its industry, they’ve been making electric vehicles with ranges of 200+ miles since 2008. The company has two vehicles, the Tesla Model X, an SUV, and the Tesla Model S, a sedan, that also go more 200+ miles on one charge. Ale Resnick of Beepi feels Tesla will absolutely have a huge impact on the industry, as innovation is their focus. With cars having more software & becoming computers on wheels, Tesla has advantages.

Traditional automakers are making electric cars too, just not very well. The 2016 Nissan Leaf has a range of just 107 miles. The Volkswagen e-Golf is all electric but gets just 83 miles per charge; the Ford Focus Electric has a range of 76 miles. GM seems to be the only old-school automaker taking electric vehicles really seriously: The Chevy Bolt will be available by the end of the year and will go 200+ per charge and cost $37,500 before incentives. Honda & Ford are both planning long-range electric vehicles, but each is over a year away. The Tesla Model 3 debuts in 2017 and is priced at $35K before incentives and has a range of 215+ miles. The Tesla Model 3 has sex appeal and has a premium brand name behind it. It will feature extensive autonomous driving capabilities, allowing Tesla to build its lead. Customers placed more than 325,000 reservations for the Model 3 in the 1st week Tesla began accepting deposits. The auto industry seems to be ignoring the consumer demand for a driverless vehicle.

Silicon Valley companies are increasingly moving into the field. Mobility services like Uber & Lyft are changing the way younger people view cars. Why worry about payments, servicing costs, insurance and the hassle of driving when you can pawn all that off on a stranger for a low price? Part of Tesla’s recent plan, making autonomous vehicles that can drive themselves and pick up fares for you while you work or sleep, reducing the cost of owning a Tesla & floods the market with mobility options. With a big fleet of ridesharing vehicles, the cost of hailing an Uber, which is also working on a driverless car, will likely fall, making buying a car less appealing.

Tesla isn’t the only Silicon Valley Company pushing into the auto space. Apple (AAPL) & Alphabet (GOOG, GOOGL) are also working on driverless cars, electric cars or both. With all these new entrants, it’s very difficult to imagine that the Big Three U.S. auto manufacturers – GM, Ford, and Fiat Chrysler (FCAU) – won’t lose some market share in coming years. An immediate concern for auto manufacturers emerges from the industry’s cyclical nature. This could be yet another all-time best for U.S. auto sales, but a near-zero growth rate could lead to declines. While slow to adapt, entrenched industry titans are working on electric vehicles, autonomy & mobility. GM seems to realize the importance of investing in new technologies today and took a $500 million, 9% stake in Lyft; then it bought a California-based startup that develops self-driving car technology, Cruise Automation, for over $1B. The full article is available here.

Where to scrap a car in Cleveland

When considering junk vehicle removal, remember to seek an established local service provider. The price for a junk car can fluctuate based on some variables throughout the state of Ohio. We’re the locally-based scrap car buyer paying cash for cars that are damaged, salvage, simply junk. The decision to sell your scrap car is easy when you decide to stop sending good money after bad. Our company strongly believes in waste diversion through a commitment to reuse and recycle as much as possible.