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Archives for the Category: Scrap Cars in Canada

Does An Autonomous Future Mean Trouble For Insurance Companies

Posted by admin on February 9th, 2016 in Category Auto Industry, Blog News, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

Autonomous driving opens possibilities of fewer accidents and increased safety, while that’s great for the drivers, it might not be quite so good for others.

Fewer accidents will, according to a recent report, turn the entire auto insurance industry on its head.

“We think that over the next 20 to 25 years, the number of accidents will fall by 80 percent,” said Jerry Albright, principal of actuarial and insurance risk practice at KPMG, the consulting firm that released the report. “From a consumer perspective, this is a very good thing. You’ll see improved safety, fewer deaths.”

At Progressive’s investor relations meeting in 2013, John Curtiss, the company’s auto products development chief, said the industry had grown 90 percent over the previous 30 years, mostly because more vehicles were on the road. More recently, Mr. Albright said that most insurance companies had problems turning a profit over the last six years and that the changes autonomous vehicles would bring were sure to make profitability more elusive.

At risk is the lifeblood of the industry — $200 billion in premiums that the insurers collect every year from policyholders, KPMG says.

According to KPMG’s report, the insurance industry could contract by as much as 60 percent by 2040 as accident damage payouts and premiums fall.

To Read More Click Here

Average Age Of US Cars Have Now Surpassed The Record

Posted by admin on July 29th, 2015 in Category Auto Industry, Blog News, Fun and Humor, Going Green, Green Cars, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

The lifecycle of a car can depend on the maintenance as well as the family, s their a teenager who needs their own ride, or a family that needs more than one vehicle to drive to work. These factors can influence the amount of time a family keeps a car and the age of the car itself.

The average age of vehicles on the road in the U.S. is rising, even as consumers snap up more new ones — a paradox attributable to substantial increases in reliability.

The typical car on the road in the U.S. is a record-high 11.5 years old, according to a new IHS Automotive survey.

Yet Americans are buying cars at an annualized rate of more than 17 million vehicles, marking a high not seen since before the Great Recession. In fact, U.S. vehicle owners bought 42% more cars than they scrapped in 2014, according to IHS. The number of light vehicles registered in the U.S. hit an all-time high of 257.9 million units.

How are vehicles getting older, while Americans are buying newer cars, too?

Simple: They’re either keeping the old ones along with the new ones — know anyone who bought a new car and kept their old one in the driveway? — or the vehicle made its way into the used-car market, where someone else bought it..

“Vehicles are simply lasting longer than ever before,” Mark Seng, global aftermarket practice leader at IHS Automotive, told USA TODAY. “The consumer is hanging onto their vehicle longer than ever before.”

To Read More Click Here

 

Renting Out A House Sure, But Your New Car?

Posted by admin on June 20th, 2015 in Category Auto Industry, Blog News, Fun and Humor, Going Green, Green Cars, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

In the past many people have rented out housing to young families and students as a way to invest. Recently there has been a suggestion to further this concept to renting out a vehicle that you have recently purchased.

Car manufacturers are desperately seeking new ways to increase sales, maximise financial returns and address the changing needs of new generations like the millennials, but urging people to rent our their own brand new cars stretches credulity and will fall on stony ground.

News this week that BMW’s Mini will offer buyers of its cars the chance to offset the purchase price by renting out their vehicles surely won’t find any takers. BMW itself has a similar scheme called DriveNow, which board member Peter Schwarzenbauer has said is based on the idea from accommodation sharing web site Airbnb. Ford and GM have also joined in.

Schemes that allow people who don’t own cars to rent by the hour make much sense. This allows the young, who either can’t afford to own a new car, or don’t need one very often, to get wheels for specific jobs. It also allows makers of electric cars which nobody wants to buy, to get them off dealer lots and earn some money.

If it was a scheme that allowed, say, students to rent out their old clunkers to generate enough cash to pay for running costs and then some, it might make some sense. But is there anyone in the history of the world who bought a brand new car – whether it’s a little runabout or an expensive limousine, that would ever let a stranger drive off in it? The fact that they could afford a new car in the first place means the financial incentive just isn’t there.

To Read More Click Here

Which Is More Important When Developing a Sports Car -Passion or Experience?

Posted by admin on April 8th, 2015 in Category Auto Industry, Blog News, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

Doritos developed a successful campaign airing a winning commercial that an unknown producer created during the Super Bowl. Honda Motor Co. recently did the same thing. Five years later we get to see what Ryo Mukumoto has designed.

Ryo Mukumoto was 22 and into his third year making mock-ups at Honda’s research arm when he beat about 400 other entries in an in-house competition.

Honda made him the youngest lead engineer in the company’s history and gave him a young team to help translate his ideas into reality.

Mukumoto’s vision — a low-slung roadster inspired by a speeding bullet — goes on sale next month in the most competitive segment in Japan’s shrinking car market.

“People of my generation think cars are simply a tool for transportation,” Mukumoto, now 26, said in an interview in Wako City, Japan.

“I wanted them to say — hmm, this car is different,” he said. “We have made a car that will turn heads.”

The introduction of the S660 roadster, named for the 660-cc engine capacity limit that defines the mini car category unique in Japan, comes as Honda searches for a way out of record vehicle recalls and quality lapses.

The company has blamed these problems in part on an overly ambitious sales target that placed undue stress on its vaunted engineers.
To Read More Click Here

Classics of 2015 Already Predicted in Hagerty Hot List

Posted by admin on March 6th, 2015 in Category Auto Industry, Blog News, Fun and Humor, Going Green, Green Cars, Scrap Cars in Canada, Scrap Cars in the USA, Scrap Yard News, Uncategorized, World - Scrap News (no responses)

Here are cars that you can look forward to traveling with you through generation after generation.

Classic cars are made every year, and certain features make them to stand out from others. But what truly makes a car memorable and remarkable enough to stand out from others?

Hagerty Hotlist has truly begun to narrow down the possibilities.Now the predictions are never 100% accurate. But today’s generation will definitely enjoy the range and diversity of vehicles on the list, there’s something for every type of driver.

Want a taut Italian sports car? Try the Alfa Romeo 4C. Supercar performance straight out of Detroit (er, Bowling Green)?Corvette Z06. The perfect balance of practicality and hot-hatch fun? VW Golf R.

None of these are economy-car-cheap, but they all sticker at well below $100,000 (what you do with the options catalog is up to you). Park any one of these 10 cars in your garage, and we think you’ll be a happy customer.

And if it’s worth something in a quarter-century? Consider that a bonus.

To Read More Click Here

 

Green Batteries Will Be a Challenge

Posted by admin on September 1st, 2011 in Category Auto Industry, Green Cars, Scrap Cars in Canada, Scrap Cars in the USA, World - Scrap News (no responses)

With fleets of electric cars starting to hit the roads, the next big mother lode for salvage companies is expected to be the expensive, newfangled batteries powering them.

Yet even as automakers vaunt the ways these cars can benefit the environment, they are divided over how best to handle the refuse: recycle or re-purpose.

That is worrying some companies involved in “urban mining” — a voguish term that refers to extracting valuable metals from all kinds of discarded electronics, from power tools to mobile phones. They have already begun spending money to build an infrastructure to handle the flood of partly depleted battery packs that are expected to enter the waste stream; Frost & Sullivan, a consulting firm, puts the number at about 500,000 a year by the early

Read the full article here.

Crazy Tattoo – Notebook

Posted by admin on April 1st, 2011 in Category Fun and Humor, Scrap Cars in Canada, Scrap Cars in the USA (no responses)

This guy is crazy but we loved the fact that the first thing on his to-do list was go to the scrapyard!!

Super Junk Car

Posted by admin on March 18th, 2011 in Category Fun and Humor, Going Green, Green Cars, Scrap Cars in Canada, Scrap Cars in the USA (no responses)

Now this is what I would call a Super Junk Car!!!

Batmobile Junk Car

Posted by admin on February 3rd, 2011 in Category Fun and Humor, Scrap Cars in Canada, Scrap Cars in the USA (no responses)

Looks like the economic recession in the USA has really hurt Bruce Wayne’s millions.

Welcome to Our Blog

Posted by admin on January 31st, 2011 in Category Auto Industry, Blog News, Scrap Cars in Canada, Scrap Cars in the USA (no responses)

Thanks for visiting our new website and I hope we were able to help you with your search query!  If you are just visiting for news then the blog is a great place to start because we will be posting news and commentary related to the scrap car industry from across North America and the world.  Please feel free to contribute via comments!