Falling Prices for Scrapping Cars

Here at Barberton Junk Cars, Summit County’s premier ‘buy my junk car’ outfit, we will pay you cash for my car 7 days a week. To junk cars for cash simply give us a call! For several reasons the pricing for automobile scrap has fallen quite a bit in early 2015; therefore, our current prices to junk cars for cash will reflect this “dip” in the market.

In the Wichita Eagle, Mr. Dan Voorhis wrote an article named ‘Falling prices of scrap squeezes metal dealers’ which is detailed as follows: “Wichita’s scrap dealers are feeling stressed as falling prices for recycled steel, copper and other metals have squashed their margins. The price of scrap iron overall fell about 20 to 25% over 2014 because of slower economic growth overseas & the strengthening dollar. Both tended to cut into exports, even as domestic demand for scrap remained flat, according to industry publication Scrap Price Bulletin. Further declines are expected in 2015.”  The full story is available here: http://www.kansas.com/news/business/article6509514.html#storylink=cpy.

In researching the topic, you will find many of the following theories as to why the prices have fallen:

• Reduced demand and consumption in Asia, Turkey and other overseas markets.
• The reduction in oil prices has negatively affected the market.
• The US Dollar has gained strength
• A surplus of inventory (supply) has saturated the market
• Geopolitical factors, primarily involving the countries that trade with the US
• The treacherous winter storm on the East Coast has limited the activity at the ports

If you are seeking someone to buy my junk car, then look no further. Barberton Junk Cars will pay you ‘cash for my car’ today and is the home of ‘junk cars for cash’ in Summit County. Those in the cities of Hudson, Lakemore, the Rolling Acres area, Coventry Township and Springfield Township can utilize our cash for my car service by simply contacting us at (330) 732-JUNK. We junk cars for cash throughout the regions of Monroe Falls, Peninsula, Tallmadge, New Franklin and Kenmore, which includes free towing. Are you facing a costly auto repair bill at Conrad’s, Midas, Goodyear or Firestone? Perhaps you should consider our buy my junk car service, which is available in Clinton, Cuyahoga Falls, Fairlawn, Firestone Park and Norton, OH. The necessary documentation for selling your old car, junk car or scrap vehicle in the Chapel Hill area, Barberton and Bath is the vehicle title and proper identification. Residents of Copley, Silver Lake, the Merriman Valley, Mogadore, Stow and Green can visit our site at https://www.barbertonjunkcars.com 7 days a week to obtain a junk car quote. Our cash for cars service is ready for your call in the Portage Lakes, East Akron, North Akron and Wadsworth.