End of Life Vehicles (ELV)

Here at Cash 4 Cars Akron we pay fast cash for cars and are among those who buys junk cars in Summit County.  As a scrap car hauler and source to sell an old car, we frequently report on the news involving ELV’s (end of life vehicles). What is an ELV? According to environmental-expert.com, these are “vehicles that their owner wants or is obliged to dispose it.” Simply put, an end of life vehicle is typically a wrecked, damaged or non-running car, that is no longer serviceable and would require more cost to restore the value of the vehicle. Most of these are picked up by someone who buys junk cars, also known as “fast cash for cars” or a scrap car hauler. To sell an old car, we recommend you search locally through Google to locate a provider.

A January 13, 2015 post in the editorial section of Recycling International titled ‘China’s ELV scrap volumes show rapid growth’ outlined some interesting information about auto scrap and recycling in Asia as follows: “China’s overall vehicle scrapping rate was 4% in 2013, far lower compared to the rate of developed countries. The country lacks appropriate associated regulations as well as enough capacity to dismantle and process ELVs properly. It is claimed that, in 2013, a total of 576 Chinese enterprises obtained vehicle dismantling & recycling qualifications for a 10% increase year on year, while the number of car recycling outlets climbed 1.3% to 2268.

The report states that China’s automobile industry has ushered in an ‘explosive growth’ since 2000; with car ownership rising to 137 million by 2013, second only to the United States. According to an estimated average car scrappage deadline of 10-15 years, China will see the first car scrappage peak in 2015. ELV recycling and dismantling network is taking shape in China, though the sector is hallmarked by small production scale, low recycling amount & scattered resources. The nation’s biggest car dismantling firm Shanghai Xinzhuang, boasts an annual processing capacity of 25,000 vehicles.” To read the complete article, visit this link: http://www.recyclinginternational.com/

It seems that the Chinese have failed to realize the tremendous, particularly small business potential, within the auto scrap and recycling industries. It is likely that China’s fast growing economy, coupled with low cost of materials and production, have made many possible recyclers overlook entering this potentially lucrative business sector. Only time will tell, but we assume that over the next few years a spike in auto-related recycling will be evident, particularly as the wave of once new vehicles begin to transition to the end-of life phase.

We pay fast cash for cars in Chapel Hill, Barberton, Bath and Canal Fulton. Asking yourself where to sell and old car or who buys junk cars in Silver Lake, Copley, Clinton and Cuyahoga Falls? We are a scrap car hauler that services Fairlawn, Firestone Park, Norton and Monroe Falls. In the areas of Peninsula, Tallmadge, New Franklin and Kenmore, our scrap car hauler will typically be available for same-day service. To sell an old car in Hudson, Lakemore, Rolling Acres and Coventry Township, simply give us a call at (330) 271-6464. If your vehicle is awaiting costly repairs at a Monro, Conrad’s, Midas or Firestone repair center in Springfield Township, the Merriman Valley, Mogadore, Stow or Green, you may want to consider scrapping the car with a company who buys junk cars. Those with non-running cars in Highland Square, the Portage Lakes, East Akron and North Akron are encouraged to visit https://www.cash4carsakron.com to sell and old car and get a junk car quote.