Are you thinking about selling your junk car but you’re not sure if now is the right time to sell that vehicle or not? If so, you’ve come to the right place.
There’s no denying that it’s easy to have a personal attachment to a junk vehicle, if you inherited that vehicle from a friend, family member or you’ve been driving it for years, but the reality is that if it’s costing you money to keep it on the road, it’s time to let that junk car go.
In this article, our goal is to show you the reasons why in junk car vehicles are in greater demand, so that you can have peace of mind knowing why 2022 is a great time to sell your vehicle and move on to your next used car, new vehicle, truck, van, or motorcycle.
Reason #1 – Huge Demand for Auto Parts Nationwide
One of the biggest reasons to sell your junk vehicle now is because there’s a huge demand for auto parts in the Portland Oregon area, and nationwide, this is thanks in large part to the current economic recession, supply chain issues, and low production of auto parts worldwide.
How long will these conditions continue to last? That’s anyone’s guess. The reality is that junk car owners should take advantage of the current economic conditions because, there’s never been a better time than right now to get a good price for a junk vehicle compared to 1-2 years ago when junk car owners could literally walk away from selling their car only with a couple hundred dollars in their pockets.
Reason #2 – Covid-19 Shutdowns Caused Supply Chain Issues
Another excellent reason to sell your junk vehicle right now is the fact that Covid-19 cause major supply chain issues worldwide.
We’re currently experiencing supply chain issues right now because many factories around the world have not reopened since Covid shut them down, and since they’ve not been making parts over the last two years, that’s made it more difficult for common auto parts retailers to keep parts in stock.
Will factories start to open soon? That’s anyone’s guess! The reality is that besides Covid-19, many countries around the world are embracing green initiatives.
This means that they’re focusing on cutting back carbon emissions rather than restarting their factories and other production facilities because, their goal is to help save the environment, even though those green initiatives are adversely affecting their economies.
Reason #3 – New Cars Are in Short Supply
Yes, the lack of auto parts in the United States is a cause for concern but, another thing that’s impacting junk car prices in the United States is a lack of new cars being produced.
Covid-19, and a host of other reasons have it is difficult for auto manufacturers like a GM, Ford, and Tesla to make new vehicles and some companies have backlogs of vehicles that won’t be completed until 2023.
With fewer new vehicles on the road, this has caused many people to seek out older model vehicles in the hopes of keeping those older car, trucks, and vans on the road.
New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge and Chevrolet topped the list while Volvo, Chrysler and Polestar landed in the bottom three.
The 2022 Initial Quality Study found four times as many new models were worse than their segment averages. Disruptions such as a semiconductor chip shortage and personnel dislocations contributed to vehicle problems reaching a record high in the 36-year history of the study, J.D. Power said Tuesday.
“I knew we’d have challenges this year due to all the supply chain issues and everything else. I didn’t think it would be our worst year ever. We’ve never seen an 11% deterioration before,” David Amodeo, director of global automotive at J.D. Power, told CNBC.
“The worst we ever saw was 3% year over year. That’s just massive! I didn’t have an appreciation for all of the challenges that everybody was going through until we saw the data and synthesized it.”
J.D. Power’s initial quality rankings are based on survey responses from new car buyers or lessees of current model-year vehicles who respond during their first 90 days of ownership. The rankings consider long-term dependability, appeal of the cars’ features, and the sales or dealership experience in separate surveys.
Reason #4 – Technology Keeps Older Vehicles on The Road Longer
When vehicle owners do invest in older model vehicles, they also utilize technology to keep those vehicles on the road, running longer and performing at optimal levels.
In some cases, technology like 3D printing has made it possible for parts to be made in house so that an owner can get the parts that they need even if they aren’t available at their local Auto Zone.
Contrast this with modern electric vehicles like Tesla’s, are heavily reliant on specialized chips and other parts that keep them off the road.
Should You Wait to Sell Your Junk Vehicle?
The big question is should you wait to sell your junk vehicle until you can get a better price? The answer to this question is no!
Junk car vehicles are seeing the highest demand that they’ve seen in years; anyone who has a junk car should sell their vehicle now so they can capitalize on the demand on the demand for that vehicle before conditions change and prices go back to where they were just one year ago.
Like many junk vehicle owners, you may be thinking about getting your junk vehicle back on the road, but the truth is that if you haven’t driven that vehicle consistently in about one year, it’s going to be more difficult to repair a vehicle that’s been sitting for a long time, compared to a vehicle that was only recently on the road.
Vehicles need to be driven because every car on the road today has parts that need to be consistently move on a regular basis for them to stay lubricated.
Although the idea of restoring your grandfather’s Camaro may seem ideal, the truth is that it could cost thousands of dollars to get that vehicle back on the road specially if it’s been sitting for months or years.
Top Junk Cars Of 2022
If you’re wondering if your junk car is going to sell in 2022, you’ll be pleased to know that there are a wide variety of vehicles that continue to solve for excellent prices including, Toyota Celica’s, Honda Accords, hatchbacks, minivans, some trucks, and most vans on the market today.
Don’t hesitate when it comes to selling your junk vehicle, cut back to stay for free quote at (503) 810-3061 for a quote, or click here to connect with us online.
Tips For Selling Your Junk Vehicle Now
When you ready to take the steps to sell your junk vehicle now, here are several things that you should do to get the best price possible:
- Use the Kelley Blue Book how’s your starting point – This Is important because, the Blue Book will give you an estimate of what your vehicle is worth in excellent condition, and its current condition.
- Search Online – Another Excellent thing that you can do to find out what your vehicle’s worth in its current condition is to do some online research. Thanks to the Internet, it’s never been easier to look up prices on comparable vehicles online to find out what your vehicle is currently worth.
- Part It Out – If your vehicle currently has parts are worth money to private buyers on the market, you should consider selling these parts by party new vehicle out. This is important because, depending upon the make, model and year of your vehicle, some parts including the windshield may be worth more money than others on the open market so it’s best to take into consideration which parts are worth more money than others and sell then start individually before you sell your vehicle to a junk car buyer.
- Sell by weight – Last of all, but most important, I know the thing that you could do to get the price for your vehicle is to sell it by weight. this is important because some companies will pay you the scrap price for your vehicle based on its current weight so use internet to look up the weight of your vehicle and then during the process of contacting used card buyers, you can ask them what their price will be for your vehicle based on its scrap weight rather than the value of the vehicle itself.
Don’t Accept Prices with Conditions
Last of all, the most important, turn the process of selling your junk vehicle, you should never accept a price with conditions.
This means. The seller must honor the price they quoted to you over the phone, or Internet, and there should not be any specific requirements that you should be for them to take her vehicle at.
You should also verify that the junk car buyer is not going to charge you extra money for towing as well.
Some companies may charge $25 or more just to tow the vehicle away from your home or wherever it’s parked. Those costs should always be part as the buyer pick me up the junk vehicle and they should not be extra.
Contact Fred’s Auto Removal
Fred’s Auto removal, we specialize in buying junk vehicles in the Pacific Northwest. This means that if you’re located in Portland, Washington, Seaside or the elsewhere in the PNW, you can count on us to pick up your vehicle and pay you the most cash for that vehicle possible.
To get a quote, or to schedule service, contact us today by calling (503) 810-3061 or click here to connect with us online.