Columbus to Scrap Old Recycling Plan

Auto owners with junky vehicles in Dublin, Washington, and Pickerington must consider who will buy junk cars. The conversion of a car to junk car scrap effectively is good for the environment in Valleyview, Upper Arlington, and Brice.  If you have an old vehicle sitting around in Flint, Westerville, and Truro—take advantage of our scrap my car service today! We buy junk cars now throughout Bexley, Madison, or Gahanna, offering same-day and next-day pickup.

An article by Cole Rosengren on Waste Dive explained the following: “Columbus City Council chose unanimously approval a new 5-year agreement with Rumpke at their recent meeting, as reported by The Columbus Dispatch. The $45M contract includes picking up recycling, yard waste and scrap and street bins. Senior officials were not happy with the heightened cost; however, the current deal comes to an end very soon and dealing with a service interruption was seen as even worse.  With this ordinance, Columbus continues to negotiate with Rumpke for possible cost savings over the next 6 months. The city’s Dept. of Public Service will further deliver quarterly updates to the council on any progress in reducing expenses.

Companies bidding out the 2012 original deal chose not to do so this time, telling the city that it could be more cost-effective to divide the city into separately bidding zones or splitting up collection from disposal. This new contract allows both Columbus and Rumpke to cancel with one hundred eighty days of notice.  Columbus, OH could approve a new 5-year $44M million agreement with Rumpke for continual collection of recyclables and yard wastes. Costs significantly have risen, but since only one company bid on it they are stuck with them.  Over the past few years the marketplace for recycling has become more difficult for some companies. The full article is available here.

We Buy Junk Cars

We are pleased to announce that we buy junk cars in Galloway, Hamilton, and Reynoldsburg, OH. In Montgomery, Mifflin, and New Rome, junk car scrap is certainly on the rise. Our quick and easy scrap my car process will tow away junk cars throughout the Ohio areas of Lake Darby, Whitehall, and Worthington.  Your old car is recycled and repurposed significantly when we buy junk cars from you in Lockbourne and Marble Cliff, OH.  Our practices have great environmental benefits such as a reduction in air pollution & water pollution

Automobile Credit Problem

Those who have heard some bad news from their mechanic in Urbancrest, Minerva Park, or Georgesville should call our auto buyer. If your car costs more to repair than it is worth it is auto junk—those in Brown, Norwich, and Perry should call. Many vehicle owners with serious mechanical issues on older cars aren’t aware that we buy junk cars in Plain, Sharon, and Lincoln Village. Are you there in Amlin, Clinton, or Groveport going to replace a transmission for over $2,000 on an 11 year old vehicle when we buy used cars for scrap. We are an environmentally sound car scrapping option.

On November 27, 2016, Greg Gardner of the Detroit Free Press wrote an article with these details: “The trend toward easy credit and longer auto loans terms has left a record number of consumers trading in cars that are worth less than what they still have due on their loan. This situation is commonly referred to as “being underwater” or “upside down” on your loan. They already are having some effect as automakers heighten incentives and sub-prime lenders watch their delinquency rates. In 2016, a record 32%, or nearly 1/3, of all vehicles involved in trade-ins at U.S. dealers belong in this category. When the consumers go to purchase a new vehicle they must add the deficit between their loan balance and the vehicle’s value to the price of the new vehicle they wish to buy.

The lowest the “underwater” percentage has been historically was near 14% in 2009, amid the Great Recession when credit was hard to obtain. Previously the high was 29% in 2006, when the housing market was in bad shape. The average new vehicle loan is for 68 months, according to Experian, which tracks this stuff. Sub-prime borrowers, those with lousy credit scores, are borrowing over an average of 72 months, or 6 years.

While those loans limit monthly payments, they also hurt the buyer’s equity, or amount of the loan principal paid off. Rather, it expands more slowly than the vehicle depreciates. If the car gets stolen, or wrecked, or you really want to buy a new car while you’re upside down then it is a problem. This happens as the average retail price of a new car is near an extraordinary high of about $34K. Some of this increase is spurred by consumers’ preferences for bigger, fully equipped pickups, SUVs and such. The result is they borrow more to get the car they want. The average new vehicle loan was $29,880 in the 2nd quarter of this year.

Leasing is now at record levels of more than 30 percent of all sales, has grown increasingly popular. Already, especially in segments such as compact and mid-sized vehicles, used car values are dropping as a wave of three year old vehicles are returned from lease. This uptick in supply is forcing down the amount dealers are enthusiastically willing to pay for these at auctions. Ford CFO Bob Shanks told people that their Ford Credit segment cut its forecast for 2017 profits because due to drops in auction values for used cars. Moody’s, Standard & Poor’s and Fitch, have expressed some concern about the pattern. Their focus is on the $38B market for securities based on auto loans. These are bundled auto loans, similar to the groups of mortgages that fell in the 2008 crash of the mortgage bubble. History indicates borrowers are likely to remain recent on their car loans compared on their mortgage payments when the economy weakens. Banks can cars quickly versus a mortgage. Fitch says that delinquencies of over 60 days on sub-prime vehicle loans rose to 5% in September, the 2nd highest level since 2001, and higher than last year.” The full article is available here.

Columbus Region Scrap Auto Buyer

How much longer will you leave that broken down car sitting there in Galloway, Hamilton, or Reynoldsburg before calling an auto buyer? There is no need to proceed further to sell your auto junk in Montgomery, Mifflin, and New Rome—we will haul it away. Where is the nearest site that will buy junk cars in Lake Darby, Whitehall, or Worthington, OH? Those in possession of an unwanted vehicle in Lockbourne, Marble Cliff, and Harrisburg should be aware that we buy used cars for scrap. Were you aware that used oil can be recycled, purified and then used again, another example of renewable usage.

Latest Auto Scrap & Recycling News

Auto owners with junky vehicles in Dublin, Washington, and Pickerington, must consider who will buy junk cars. Those car holders retaining junk vehicles near Darbydale, Valleyview, and Upper Arlington, OH now get fast cash for wrecked cars. Anyone possessing junk cars in proximity to Brice, Flint, and Westerville, should act now to junk your car for cash. Hoarders of junky cars in Truro, Bexley, and Madison, OH, can sell it—even a totaled car.

Maura Keller in American Recycler wrote an article titled ‘Auto Recycling Market Volatile’ with the following updates: “The auto recycling industry has experienced one of the most difficult economic times in decades. Recycling companies are worried. Investors are cautious and scrap handlers are downright jittery. Industry vets say 2017 will likely be better, but business is still not appearing to be robust. According to Sean Kelly, a researcher at the Center for Recovery & Recycling at Worcester Polytechnic in Massachusetts, the industry is certainly hurting and this has a lot to do with the foreign tariff war regarding specific commodities, among other things, such as dumping (selling below their costs).

The U.S. Dept. of Commerce (DOC) recently imposed duties on imports of cold-rolled steel, used to make auto components, appliances & shipping containers. China is targeted because of their dumping that has hurt the U.S. steel industry & lowered steel prices around the worldwide. The tariffs against China have hindered the U.S. auto recycling industry tremendously. China had been overproducing & flooding the market & steel prices were far down. Scrap vehicle bodies were worth $60 to $70/GT, making it near impossible to earn any money.

China has begun imposing anti-dumping tariffs on various steel imports from the EU, Japan & South Korea, all of which has a domino effect on the American recycling industry. As the struggle goes on, more companies are working hard to ensure all metal bearing products end up being refined & recycled back into the economy.  The Aluminum Association’s Transportation Group (ATG) just released a study on auto aluminum suggesting recycling rate for end-of-life vehicles to be in excess of 90%. The purpose was to obtain a more quantitative grasp of the fate of auto aluminum at the end of its useful life.

GLR has now 11 locations & joint ventures in MI & NY, employing approximately one-hundred and fifty people, recycling over 100M pounds of metal, paper & plastic. What GLR has done is new in the market. They’ve begun their own tech/lead generation program, www.TheScrapPost.com, which links recyclers & scrappers worldwide. This comes at a time that the market’s downfall is struggling for auto recyclers. GLR’s competitors use this website & revenues are likely to hit $5M. One key aspect of auto recycling that is gaining more focus with the overall downturn in the market is plastic recycling from autos. The generated plastics from shredders are transferred to the landfill or used as landfill coverage. Some plastics may be incinerated to reclaim the energy. Tires are often reused if adequate tread exists but typically either incinerated, shredded or reused for very different applications, like rubber for courts, turf field pellets or asphalt applications.” The article in its entirety is available here.

We Buy Junk Cars in Franklin County

Lousy vehicle owners retaining cars in Gahanna, Franklin, Grandview Heights, should call 614-715-5005 for cash for wrecked cars. People with junky cars lying around in regions such as Blendon, Blacklick, and Grove City, OH, can quickly junk your car for cash. Unwanted car, truck or van holders near the Columbus suburbs of Jefferson, Hilliard, and Obetz, OH can sell a totaled car for scrap. We are a recycler with a commitment to “green” practices, our auto recycling in New Albany, Galloway, and Hamilton, OH uses 60% less energy.

Auto Maker Recycling

With our scrap auto buyer website it is fast & easy to get a quote. Do we buy junk cars that are wrecked or damaged? Yes, we definitely do purchase these cars. Our goal is to make it simple & easy to get cash for wrecked cars in Valleyview, Montgomery, and Brice. When considering junk vehicle removal in the regions of Lake Darby, Westerville, or Huber Ridge, remember to seek an established local service provider. Our environmental-based recycling processes are a benefit since they generate less pollution. Our next topic discusses the Ford Motor Company’s new initiative to further their sustainable manufacturing processes.

On May 17, 2016 Jessica Lyons Hardcastle composed an article on Environmental Leader titled ‘Ford Using Captured Carbon to Make Plastic Car Components’ with the following information: “Ford, the automaker, is developing new foam & plastic car components produced from carbon dioxide. It expects these newer biomaterials, produced by Novomer to be in Ford’s production vehicles within the next (5) years. The foam, made with up to approximately 50% CO2-based polyols, may be used in seating and under-hood applications. This could lead to a reduction in petroleum use by more than 600M lbs. annually, Ford says.

Ford started working with several companies, suppliers & colleges and universities in 2013 to find uses for captured CO2. Among them is Novomer, a NY-based company that uses carbon dioxide captured from its manufacturing plants to produce materials. Through a unique system of conversions, Novomer delivers a polymer than can be constructed into a variety of recyclable materials including foam & plastic. Plastic-related manufacturing accounts for nearly 4% of the world’s oil use, according to an organization known as the British Plastic Federation. Ford says it hopes this new bio-plastic will help obtain the better long-term goals to minimize global warming set in the Paris climate agreement. The automaker uses various sustainable materials in its production. In North America, soy foam is already used in every Ford vehicle. Coconut fiber for backing in trunk liners; recycled tires & soy are in gaskets for mirrors; recycled T-shirts and jean denim go into carpeting; and recycled plastic bottles (such as used for water) become Repreve fabric used in the 2016 F-150.” The complete story is available at https://www.environmentalleader.com/2016/05/17/ford-using-captured-carbon-to-make-plastic-car-parts/

Where to get cash for wrecked cars in the (614)

It is great to see the continued emphasis that automakers are placing on environmentally related concerns. It makes me wonder if they are actually doing this for the sake of the environment, or just to stay active in the headlines. Either way, it is a step in the right direction for these corporations.

Are you seeking a junk auto buyer in the areas of Dublin, Madison, or Gahanna? Residents of Franklin, Grandview Heights, and Minerva Park, should know that we buy junk cars in any condition. Complimentary junk vehicle removal is included in the junk car quote that we provide those residing in Grove City, Jefferson, and Hilliard. Get a price for a wrecked car in Lincoln Village, or price for scrap cars in Riverlea. We are available at (614) 715-5005 to provide you quote for a junk car in Upper Arlington. We have recently expanded our cash for cars program to include the cities of Amlin, Blacklick, and Groveport.

Recent Auto News

Recent Auto News

Columbus Scrap Cars is here in our forum delivering the latest news and insight into topics such as auto junk and scrap, information for those that buy junk cars and other recycling topics. We are a buyer of scrap vehicles in Groveport, Hilliard and New Albany. Those seeking cash for cars in Worthington, Brice and Harrisburg can contact our buyer of scrap vehicles 6 days a week for a junk car quote. Auto junk and scrap removal is included in our cash for cars price throughout Marble Cliff, Minerva Park and Obetz. Our next topic explains how the vehicle insurance industry has been negatively impacted this past year.

A January 17, 2016 article composed by Bob Bryan on businessinsider.com titled ‘Hasn’t been this bad for the auto-insurance industry” told us the following: “To hit the open road, you typically need a car & car insurance. One could assume that as the car industry boomed in 2015, exceeding sales records, it would be the same trend for the auto-insurance industry. Jay Gelb, an insurance analyst at Barclays, says underlying profitability for the personal auto insurance industry, dipped to the lowest level in fifteen years in in the 3rd quarter this past year. There are a multiple reasons for this dip, but it basically all boiled down to one: A stronger economy. He says that these auto premiums are impacted by macro conditions since employment levels & consumer confidence influence newer vehicle sales. New car sales impact the volume of registered automobiles on the road. The more cars out on the roadways increased the probability for accidents. More accidents lead to more auto insurance claims. Claims cause lowered profit margins for these auto insurance companies. Additionally, people are driving cars further distances because of cheaper gas prices and increases in discretionary income; this contributed to a higher frequency of auto accidents.

Gelb says that the miles driven accelerated in 2015, resulting in accelerated motor vehicle accidents. The increase in crashes is also a reversed, increasing for (3) years straight for the first time in decades. Allstate said their earnings were down 38% 2014 because of the rise in frequency & severity of accidents. Typically, an owner pays a higher premium for a newer car, so if involved in a crash, the margin of the loss is smaller. Older cars with a lower premium, causes insurers to lose more on those. Consumers own vehicles for approximately an average of eleven years; this trend constrains auto insurance premiums because newer cars are more expensive to insure than older ones. Finally, healthcare & repair costs are on the rise, increasing pay-outs insurers are make; insurers face low premium growth, higher claims, and higher levels of payments. Insurers have higher prices, but the costs are rising too fast to keep profits up.” The complete article is available at this link.

Auto junk and scrap

We buy junk cars with titles, paying cash for cars in the regions of Urbancrest, Valleyview, and Blendon. When we pay cash for cars in the greater Columbus area we exercise the most environmentally sound practices and procedures into play. Many of the components that are found in auto junk may have potentially toxins such as oil, antifreeze and other such liquids. This is why a buyer of scrap vehicle must maintain their commitment to eco-friendly disposal when the buy junk cars. We are offering scrap car removal and junk car hauling services in the areas of Clinton, Franklin and Hamilton. Those looking to sell an old vehicle for scrap in the (614) should make the correct environmental decision to use Columbus Scrap Cars. Our junk car buyer will provide you a price for a wrecked car or damaged car in the regions of Madison, Mifflin and Norwich. Residents of Montgomery, Huber Ridge and Lake Darby that are seeking to sell a car for cash can contact us at (614) 715-5005.