Why Recycle?

• Recycling vehicles provides enough steel to produce almost 13 million new vehicles.
• Saves an estimated 85 million barrels of oil a year, that would have been used in the manufacturing of new or replacement parts.
• Automotive recyclers spent nearly $50 million on environmental compliance in 1997.
• The majority of automotive recycling businesses used a computerized inventory system.
• Automotive recyclers provide wholesale and retail customers quality parts that sell for up to 50% less than the comparable new parts.
• Automotive recycling businesses employ some 103,108 people at more than 8,267 businesses around the country.
• An estimated 86% of automotive recycling companies is full-service and employs 10 or fewer people.
• Total annual payroll is estimated to be $3.3 Billion.
• The majority of automotive recyclers can often locate parts faster than new part dealers because the facilities are connected by telephone, satellite and/or computerized communications systems to recyclers across the globe.
• Automotive recycling decreases insurance rates by purchasing inoperative vehicles from insurance companies, thus allowing for recovery of financial losses. These vehicles came primarily from individual owners and salvage auctions.
• Automotive recycling keeps highways and roads clear of abandoned and disabled vehicles by providing a place to deposit these vehicles.

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Filed Under: Recycling Information

Tags: Auto Recycling • Benefits of Recycling