A recent study from IHS Markit showed that, despite a growing number of older vehicles on the road, the scrappage rate went up last year. In 2019, the scrappage rate was 5.1%, compared to 4.6% in 2016 and 4.2% in 2009.
IHS Markit found it surprising, considering that 2016 saw record car sales and 2009 was the year that the federal government implemented the “Cash for Clunkers” program, in which car owners were given financial incentives to turn in their older vehicles and use the money as a down payment on a new car.
Scrappage, according to IHS, is “the measure of vehicles exiting the active population.” A higher scrappage rate means more junk cars are coming off the road. If you decide keeping your junk car is no longer viable, don’t keep it! Get money for it by selling it to the Long Island “cash for cars” experts at Gershow Recycling.
As older cars continue to age, they use up more fuel and emit more pollution into the air. If you are looking to sell your gas-guzzling junk car and help preserve the environment, contact Gershow. They will buy your junk car, no matter how old it is or what condition it’s in. Once your junk car is brought to Gershow, it is recycled and manufactured into a high-quality scrap product that can be used in the manufacturing process to build a newer, more fuel-efficient car.
Gershow buys thousands of junk cars each year from hardworking Long Islanders and puts cold, hard cash back into their pockets. They have nine convenient locations in Nassau and Suffolk Counties and in Brooklyn. If you are looking to sell your Long Island junk car for cash, or for more information, call (631) 371-2031 or visit https://clunkersintocash.com/.