The focus of our Wreckonomics© series, is to examine the sustained and specific appetite for older, high mileage, and negative equity vehicles. As we close out 2019 and look to the new decade, we wanted to leave you with some current insights into the used car marketplace and specifically the performance and outlook for
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
Where is the value in electric vehicles when they reach the end of their lifetime? Electric vehicles (EV) own around .2% of the total cars driving on the road today. Although this is a small portion of the market share, it has grown exponentially from 5 years ago. Electric vehicles are also projected to own
Global steel production is at an all-time high after March volume reported by World Steel Association. [avatar user="zlasky" size="thumbnail" align="left" /] There has never been more steel produced in one month than March 2018. There are 64 countries that report steel production to the World Steel Association and in March 148.3 million tons of crude
[avatar user="lmccullough" size="thumbnail" align="left" /] The first month of the year has been off to a great start in the steel industry as higher prices continue to hold at an elevated level. 2017 ended on a high note with ferrous scrap prices closing at $370 per tonne, reported by Recycling International. This does not seem
[avatar user="zlasky" size="thumbnail" align="left" /] The last post in our Wreckonomics™ series focused on the challenges facing the scrap market including a peek into the metals markets and values for crushed auto bodies. Today, we take a look at the rapidly changing used vehicle wholesale landscape. The used marketplace is trending downward to levels not seen
[avatar user="jhearn" size="thumbnail" align="left" /] To focus on the market for low value and end of life vehicles we need to first look at the entire Auto Marketplace and US Roadways. First a glance at Vehicles in Operation (VIO). Today, there are over 264 million cars and trucks in operation in the U.S., an increase
[avatar user="jhearn" size="thumbnail" align="left" /] American automotive markets are facing huge challenges at wholesale and retail. Remarketers, Repossessors, Fleet Operations, Insurance Salvage and Finance verticals are facing uncertainty at near record levels. Success is harder and more elusive than ever. There is no rescue coming, no unified vision about the future. The uncertain market we
Subscribe to Blog via Email In recent days there has been a focus on the U.S. and China Steel Industry. In the last post on this blog the Markets & Metals Monthly Report that we post showed an increase in U.S. scrap prices for crushed autobodies. The last news update posted on the Chinese steel
Subscribe to our mailing list Steel and iron prices fell sharply this week in Asian Trade as the close of the first quarter of the financial calendar nears. A Wall Street Journal article by Biman Mukherji, reports that, "Shanghai steel-rebar futures for delivery in May slipped 3.9% to 3,292 yuan a metric ton (US$478.66), while
