World economies have taken quite a blow from the novel coronavirus pandemic. Numerous lockdowns in Australia have cost the local economy over $20 billion, especially since the end of June 2021. On top of this, fuel prices are also continuously rising. Old car removal may be your only way out of this predicament.
The Effects Of COVID-19 On The Local Economy
Unfortunately, it’s not just big corporations that have been affected by COVID-19. Even the regular Australian struggles to get back on their feet, losing jobs and paying higher for essential goods.
The automobile industry has its fair share of obstacles. According to the Federal Chamber of Automotive Industries (FCAI), Australian vehicle companies are suffering from a significant reduction in new car sales.
The fact that the industry was already trying to recover from a 7.8% decline in 2019 is not helping, either. Some experts even state that this could be their worst year since the Global Financial Crisis.
How Old Car Removal Can Help You During The Economic Crisis
Luckily, the future of the economy is not always bleak. At least, not when it comes to the Australian used car market. Global production shortages for new vehicles have increased the demand for old cars, especially as Australians opt for private transport over public methods.
So if you’ve been planning to sell your used vehicles, perhaps now is the best time! Moody Analytics has found that old car prices are 37% higher than they were before the pandemic, with everyone from dealers to private buyers and removal companies fighting to get their hands on one.
As a private seller, going to old car removal services is your best option for earning a good profit. These companies won’t use your vehicle on the road. Instead, they will take it apart for its components, allowing you to sell cars of any condition.
In Fact, Car Removal Has Been Playing Such A Significant Role In The Australian Economy:
- Around 5 million tonnes of metal waste are recovered each year from sources like old vehicles, aluminium cans, and electronic appliances
- Over 1.9 million tonnes of this metal waste are exported to other countries, including China, Vietnam, Malaysia, and Indonesia
- Scrap metal accounts for over 50% of Australia’s total waste exports
Plus, vehicle removal isn’t just an excellent source of cash. The process is highly eco-friendly, and every tonne of steel recovered saves 1,131 kg of iron ore, 633 kg of coal, and 54 kg of limestone!
Are you looking for trusted old car removal companies that offer the best prices? Look no further than Amazon Cash for Cars! We are a licensed service provider paying up to $9000 depending on the vehicle. We also provide free towing and paperwork services.
Call us now at 0422 784 920 and make sure you don’t fall victim to the declining economy.