Light Trucks, A Booming Market
“Out with the old, in with the new” seems to be an accurate way to describe the trend happening in the out-performance of light trucks to its traditional car counterparts in new vehicle sales. For years, sales between light trucks (which includes SUVs and CUVs) and cars have been evenly split or even favored cars
Wreckonomics™: Apex Age for Vehicle Retirement
The record vehicle sales of the past few years combined with the consumer preference for holding onto cars for longer has created a massive volume of cars about to reach peak age for vehicle retirement. In 2019 and in the coming years vehicle retirement is going to be a topic you may become familiar with
Vehicle VIN Cloning Scams and Ways to Prevent It
According to the FBI, vehicle theft in the United States is at an all-time high since 2009. Many of these stolen vehicles are chopped up, and sold for parts. However, car thieves have now found a more lucrative way to sell stolen cars—VIN cloning. VIN cloning is a sophisticated crime, and is termed as the
Scrap Metal Market: March 2019 Scrap Market Continues to Slide
While the scrap market slump lingers on it looks to stabilize with the possible completion of U.S.-China trade talks and the ongoing recovery of the Brazil mining disaster. The scrap market has stabilized going into March relative to the February market report. Last months blog of course showed the largest decline in the National Crushed
Your Location Affects Your Car’s Value: An Explanation of Regional Gross Variance on the Used Car Market
There are many factors to consider that impact the valuation of a used car. Vehicle depreciation is very real in the used car market, but the make and model of the car often ensure the owner that the vehicle won’t lose too much of its value depending on the vehicle’s condition, mileage, and how well
Scrap Metal Market: February 2019 Scrap Steel Prices Decline Sharply
Scrap Steel Prices Fall by Most in Years as Market Awaits Outcome of U.S.-China Trade Talks The scrap metal market report for February 2019 shows the most significant decline in scrap steel prices in well over a year. In recent posts, we have alluded to the market showing declines due to world trade talks stalling,
Scrap Metal Market: January 2019 Trade Talks Impact on Steel
Trade talks the focus of 2019 as both steel and scrap values start the year down. The scrap metal market report from Advanced Remarketing Services is a snapshot of the recent happenings in the scrap metal industry. Our report is specifically focused on the price of scrap steel from crushed autobodies. Each monthly report is
Palladium Eclipses Gold As Most Valuable Precious Metal
In 2018 palladium was one of the top performing commodities surging past gold in value. Throughout the past year many of the metals found in automobiles like steel or aluminum have struggled in the market due in part to tariffs and a global economic slowdown but one that rose to the top is palladium. In
Scrap Metal Market: December 2018 Steel Prices Going Forward
Steel prices were up going into the last month of the year but are feeling pressures from falling oil prices, lack of exports overseas and slowing auto and housing industries. The December scrap metal report is ultimately a welcomed sight after four consecutive months of declines. While scrap steel prices were up and down in