Scrap Metal Market Trends
Scrap metal prices for crushed autobodies have slightly increased 8.57% over the past month (see March 2016 Scrap Metal Market Watch), but an overall 9.66% decline over the past year.
Over the past month, the automotive industry has shown continued signs of devaluation. The Wall Street Journal reported the scrap metal sector to be the “latest victim” of the commodities bust, and later revealed used by the Institute for Scrap Recycling Industries.
All zones have seen a slight uptick in prices. A similar increase was observed in June of 2014, prior to a sharp decline months later. Scrap value per zone remains unstable in a declining market, and no single zone can be compared in terms of access to: aluminum, copper, nickel, palladium, platinum, steel, or zinc.
Advanced Remarketing Services offers innovative solutions to some of the remarketing industry’s toughest questions. We navigate the confusing landscape of wholesale, salvage, and consumer markets to see the vehicles in the best venue to the most appropriate buyer base.
NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication. Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.