Download Newsletterhttp://www.recoretrading.com/wp-content/uploads/2019/04/March-2019-Newsletter.pdf Last week I along with all ATRA NH members received an email from Bruce Crawford (executive director of ATRA) that alerted us to a bill that is being considered by the NH legislature. Bruce explained that the bill is being put forth by the Alliance of Automobile Manufacturers.
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 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 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 […]