Tag Archives: buyers of scrap aluminum rims
Download Newsletter So a local rebuilder calls looking for a front clip for a 2014 Cadillac SRX4. You check inventory realize you have one in perfect condition and quote it at $4200.00 delivered. A repair shop then calls looking for a 5.3 engine for a 2015 Silverado. You check inventory realize you have one that Read More […]
Download Newsletter Like many of you, I have been in an auto scrap related business for most of my life. So after more than 40 years you would think that I knew a few things and had a vast bank account of knowledge derived from years of experience to draw upon. Not so. The world Read More […]
Download Newsletter Having just returned from the annual ARA Convention in Orlando, I can report the show was very well attended. It was reported that there were in excess of 900 attendees! The fact that the location was at Disney World certainly was a contributing factor.
Download Newsletter Certain aspects of the salvage business are very predictable. We see the same cycles over and over again. When ferrous scrap goes up the back-yard junkies come out of the woodwork! You know the ones I mean, the guys with the beat up old pickup truck and trailer, they run ads on Craigslist Read More […]
Download Newsletter Most of the yard owners I talk with say they are not having any trouble getting junk cars at a fair price. We all remember when the prices were through the roof. This was great when you were selling your loads of crushed cars but it was extremely difficult to buy scrap cars. Read More […]
Download Newsletter The PGM (platinum group metals) markets that control catalytic converter prices are in a role reversal of sorts. For years pt (platinum) has been worth significantly more than pd (palladium). At times the price difference has been as much as double. Within the past year pd has passed pt and shows no signs Read More […]
Download Newsletter With the price of both PT (platinum) and PD (palladium) being very strong lately, a lot of yards are deciding it is a good time to sell their converters. They are right! We are seeing many lots of converters that yards have been sitting on for a while.
Download Newsletter To the surprise of most market analysts, palladium (PD) has been the best performer of the year. PD recently hit a 16 year high in price! As one of the three PGM’s (platinum group metals) used in the production of catalytic converters, its use in recent years has increased dramatically over the other Read More […]
Download Newsletter Like every other business auto salvage yard owners seek to get every dollar they can from the products they sell. It makes perfect sense for a yard owner to maximize the return they get for every product they sell.
Download Newsletter July sales numbers on new cars are out and they are not pretty. GM is down 15%, Ford down 7.5% and other manufacturers are in similar situations. Manufacturers have had a pretty good run with great sales in the recent past so this downturn is somewhat expected.