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Keyword: junkvehicles

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  • Wrecked cars are soaring right now because of COVID-19

    09/13/2021 4:25:31 PM PDT · by American Number 181269513 · 46 replies
    Deseret News ^ | Sep 13, 2021 | Herb Scribner
    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...