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Update on Automobile Scrap Recycling

We buy junk cars and other vehicles 6 days a week now in Middleburg Heights, Glenwillow, and Parma, OH. We have been working with junk cars in Beachwood, Bedford Heights, and Bratenahl, OH for several years now. Are that beat up old car that desperately needs scrapped still sitting there in Mantua, Moreland Hills, or Chagrin Falls? The phone just keeps ringing with people from folks in Mayfield Heights, Lake County, and South Euclid seeking to find out who buys scrap cars.

An article by Maura Keller in American Recycler tells us the following: “During 2016, the auto scrap material market was really volatile. The year ended on a positive note; however, with the average flattened auto body pricing did climb to the highest mark in a year, settling at approximately $160 overall. This was a 14% rise from November, and approximately a 43% better than the prior year.  The factor having the largest impact on the U.S. auto scrap industry is the global trend in auto sales that has expanded with the Internet.  There is far more competition as global evolution continues. Scrap cars that U.S. companies could once buy very affordably are now much higher since other countries with less regulation on remanufacturing junk vehicles bid these cars. China is a large player in the U.S. auto recycling market.

The government has placed some tariffs which has helped the prices to recover. The dip in the market led to many to close or even move to compete.  In the U.S., nearly 12M cars are recycled each year. In Europe, almost 8M cars are recycled, and that figure continues to climb. Recyclers can’t wait for consumers to call them like in the past, they must seek new sources. The increased competitive market has also made auto recyclers look at their sales strategies – directing funds to more Internet ads, since the majority of consumers look there. It is important to pay closer attention to the market and manage inventories closely. Slimmer profit margins are a reality and keeping a large inventory is not good in this now global market.

The smaller U.S. businesses in the market are looking to establish strong relationships with along the supply-chain. Turkey’s initial car recycling site was propelled in 2011 and can handle an estimated 100K cars annually. This country is seeking to comply with the EU’s 95% auto recycling goals.  With the now global initiatives and challenges, the auto scrap market presents substantial opportunity for the industry. With a spike in world population and a sizeable number of vehicles globally out there, it is time to get more progressive in our efforts”. The complete story is available here.

We Buy Junk Cars

Did you know that most of the resources that comprise your car can be reclaimed or remanufactured? When we buy junk cars, free scrap vehicle pick up is included throughout University Heights, Richmond Heights, and Pepper Pike. Typically, junk cars in Ohio areas such as Euclid, Garfield Heights, and Eastlake; they are worth a small amount of cash to someone. Processes associated with scrap car removal in Twinsburg, Lakewood, and Linndale Village, are sound from an environmental perspective. In the auto scrap and recycling business in Newburgh Heights, Collinwood, and Sagamore Hills, the guy who buys scrap cars can get you a quote.