Where Have All the Cars Gone
The breakeryard industry in the UK are all complaining about the new scrappage scheme, suggesting that it is difficult to get hold of car parts for older cars now that owners are preferring to trade them in for a new car than get £100 down the scrap yard. The problem is the argument does not add up, because just as older cars are no longer available for parts, so the number of older cars on the road has reduced and therefore demand has gone. There is also an argument that states, why replace parts on a car you are just going to scrap anyway.
But funny enough this debate has also spread into the salvage market, blaming this scheme on the low availability of salvage cars. We just don’t understand what the fuss is about, how can cars of 10 years or older affect the salvage market which is normally based on much newer vehicles. Lets be honest, most salvage cars bought are under the 10 year mark, and otherwise it is just not cost effective. So where have all the cars gone?
Maybe our driving has improved and we no longer crash these cars, or maybe the insurance companies are repairing more themselves now. Who knows, we certainly don’t. What we do know is that in certain areas in the UK there is a shortage of good salvage deals going at the right price.
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