If you are to read through the various automotive recycling facts and figures throughout the years, you will come to learn that your current vehicle will not only serve its purpose with you, but continue to play a valuable role in various industries and applications after it has been totaled or junked. That is because metal is 100% recyclable and can be repurposed indefinitely. Accordingly, vehicles contain a lot of metal, making them one of the most valuable commodities to recycle in the world!
Continue reading to learn some auto recycling facts and statistics that might surprise you, as well as where to go to recycle your junk car for cash on the spot!
Metal Recycling in the Automotive World
It is known that nearly 80% of the average vehicle is recyclable, and not all of that is necessarily metal. Vehicles like cars, trucks, vans, motorcycles, and more contain all sorts of reusable materials along with metal, including upholstery, plastics, rubber, and glass. The common metals found in the average car include steel, iron, nickel, aluminum, copper, and in some cases even a little platinum and gold!
Car Recycling Facts and Figures
Today, vehicles are the most frequently recycled consumer-bought commodity in the world.
More than 25 million tons of materials are recycled from old or junked vehicles, every single year!
The 16th largest industry in the United States is the auto recycling industry, ranking a national GDP of 25 billion per year.
More than 100,000 people in the United States alone are employed within the automotive recycling industry.
The international car recycling industry has been in operation for over 7 decades.
Around 40% of ferrous metal is derived from the North American car recycling industry.
Thanks to automotive recycling, consumers have access to used car parts that cost 20% to 80% less than comparable auto parts bought brand new.
Around 27 million vehicles are recycled world-wide, each year.
Want to get involved in the automotive recycling industry? Contact Garden City Iron & Metal at 1-888-586-5322 to recycle cars in Indianapolis, Indiana for cash on the spot. We provide free quotes and free junk car removal!
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