Posted on 09/13/2021 4:25:31 PM PDT by American Number 181269513
Junked and wrecked cars have become more expensive, adding another hiccup to the wild used car market.
Per Bloomberg Opinion, prices for wrecked cars are skyrocketing now. Most of the time, these junked cars are sold at auctions. Insurance companies and sellers earn a piece of the pie when the cars are sold. And it seems that these cars are going for massive prices.
For example, Copart Inc. — a $34 billion company that specializes in auctioning wrecked cars — said this week that it had its highest-ever selling prices for auctioned-off cars. This has come as vehicles have become technologically advanced. Something as simple as a fender bender will become expensive to fix due to the advances in car technology. So, insurers rather call a car “totaled” and sell it through an auction rather than repair it.
And the current market for used cars has impacted these sales, too.
“The current tight market for used vehicles in the U.S. may inspire more domestic car shoppers to consider a salvaged vehicle with some minor wear and tear instead,” according to Bloomberg.
Could be because car chips are very hard to come by.
I’ve had a very hard time buying a new car, since most of the dealers can’t get new car deliveries, and those dealers are full of used cars, making them ‘used car dealers’.
Chips in the wrecked and junked cars may become the ‘new chips’ for the new cars.
They will fly themselves using GPS, terrain mapping, and advanced communication with other self-flying cars. They are already gearing up to sell a variety of commercially available passenger drones.
We already have “auto-pilot” on many Teslas for example, though far from perfect it won’t be too much longer to get it much better. Road vehicles will communicate with other similarly designed cars (like “hey I need to exit in 2 miles” and other cars will accommodate in various ways to let them merge) which will make the roads more efficient, reduce congestion and eliminate road rage. Imagine no more seas of red brake lights! Cars can go faster and be a lot safer at the same time.
Another reason why we don’t need to spend $3.5 trillion on infrastructure. We can repair what needs patching and let technology make what we already paid for more efficient and longer-lasting.
Unavailable microchips yes. Economic decay, maybe, but more likely due the ongoing trade war with China with Taiwan dragged in.
I’d almost not put doors on my blazer except for those bar type.
They are kind of rusted and beat up.
In my mis-spent youth in the’60s building one car out of two (or even three} was common. I did it with the old 3-cylinder SAABs.
I discovered on a business trip to San Diego in the ‘80s that there were dozens of junkyards from Chula Vista to the border. It was explained to me that they would bring wrecks down from Los Angeles wholesale, build as many cars as they could freom the parts, then send them to Mexico for upholstery. The scrap steel was also sold over the border to mini-mills in Mexico. The good cars would be taken back up to Los Angeles, the rest would be sold into Mexico.
Criminals buy a couple of cars or three or four and cut them apart and weld them together into one and sell it with a laundered title.
I wished I had the time and energy to work on my own stuff more.
The commute and job beats me up.
I’ve got some powder coating coming up though.
The red deer has arrived
🦌 🦌
I have been encouraging some coworkers to get some skills running telecomm cable (UTP, fiber optic, etc.). It can’t be outsourced and it takes skills to run correctly.
“Rat-Rods....”
The $3.5T is for MarxistCulture.
Yay! We can be like Cuba.
Actually, criminals buy one wrecked car and steal another non crashed car for the repair pars. COPART sells lots of cars that were stolen and stripped of all parts down to the last nut and bolt.
I drive a 1979 Buick station wagon I have owned since August 1981...bought used with 55,000 miles, now has 220,000. Cost me $3500.
I also drive a 1976 1 tom Chevy dually with 4 speed Granny low gear. Bought it used with 90,000 miles on it in April of 1986, and it now has over 348,000 on the chassis. Mostly used to tow horse trailers. Cost me $4000.
In May/June, I had 2 total strangers come onto my ranch property & attempt to buy ONE OR BOTH of those vehicles. I won’tn sell either one...Buick can’t tow 4 horse trailer, and Truck gets low MPG for daily use.
Also-— each vehicle has an engine built by Joe Mondello
...He’s now gone, so I cannot get replacements. Each engine cost me more than I paid for the vehicle-—but I am happy to have them both.
I drive a 1979 Buick station wagon I have owned since August 1981...bought used with 55,000 miles, now has 220,000. Cost me $3500.
I also drive a 1976 1 ton Chevy dually with 4 speed Granny low gear. Bought it used with 90,000 miles on it in April of 1986, and it now has over 348,000 on the chassis. Mostly used to tow horse trailers. Cost me $4000.
In May/June, I had 2 total strangers come onto my ranch property & attempt to buy ONE OR BOTH of those vehicles. I won’t sell either one...Buick can’t tow 4 horse trailer, and Truck gets low MPG for daily use.
Also-— each vehicle has an engine built by Joe Mondello
...He’s now gone, so I cannot get replacements. Each engine cost me more than I paid for the vehicle-—but I am happy to have them both.
They total cars for next to nothing now.
Deployment does not have to happen
“I have been encouraging some coworkers to get some skills running telecomm cable...”
I used to do that! Well, the union guys would do it, then when they left the site at 2:00pm every day, I’d cut off all their terminations, then tone and re-terminate.
I think the G5 wireless may cut in to some of the cabling. Something has to “disrupt” cabling. I’ve been on sites where the cable bundle coming through the ceiling of the equipment room was bigger than I could put my arms around.
The best thing that intelligent people can do to be employed is to have multiple skills. Project management and ...; Web development and ...; Copy editing and ...; Mathematics and ...;
But the truth is, over the next ten years, there will be robot dentists, lawyers, surgeons, diaper changers, liter pickeruppers, stockboys, truck drivers, road crews, etc.
Even entertainer celebrities will be pushed out by AI. Bloggers, Vloggers, columnists, police and fire, ...
And the people who might have had a chance will be competing with the globalization hoards. Anything you can do well, a hungry Russian can do well, and for half the price.
There’s also a rental car shortage. I know this because my wife’s job requires her to rent for state travel and it has become a pain in the ass! No guarantees that a car is available, even when they saybit is.
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