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Benefits of Auto Recycling
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The following are some available facts about the North American automotive recycling industry.
If you are an ARA Member,
you may view the 1997 Automotive Recycling Industry Profile & Analysis (Revised 1999).
- In 2006, the gross annual revenues are an estimated $10 billion.
- Recycling vehicles provides enough steel to produce almost 13 million new vehicles.
- In 1997, auto recyclers acquired 4.7 million vehicles for the purpose of recycling.*
- An estimated 11 million gallons of oil and, 6 million tires were recycled in 1997.*
- 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 over 46,000 people at more than 7,000 businesses in the United States
- An estimated 86% of automotive recycling companies is full-service and employs 10 or fewer people.*
- 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.
Sources:
* Most recent ARA statistical data regarding the automotive recycling industry. Data compiled from a 1997 survey by the private consulting firm, Axiom Research Company.
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