Thinking about selling your junk vehicle? Thanks to recent problems with the supply chain, we know that there are more junk cars on the road than ever before.
A junk car can be classified as any vehicle where the owner is spending at least $100 per month just to keep that vehicle on the road and in drivable condition.
How Old Is The Average Vehicle?
Recent statistics from Car and Driver magazine, show us that the average vehicle that’s on the road today is between 11.9 and 12.1 years of age.
This means that most older vehicles are on the road these days also have between 100,000 and 200,000 miles on them.
Even though the average Toyota can have well over 200,000 miles, it’s shocking to say the least to think that more older model American cars are staying on the road longer than ever before, well past their prime.
Why Are More Old Cars On The Road?
As we stated in the beginning of this article, supply chain issues worldwide have slowed down the flow of new car parts and new cars into United States. This has forced dealers to raise their prices on the available supply of new cars and they are often more than average car buyer can afford.
It stands to reason that the average family on a fixed income does not want to pay up to $40,000 or more for a newer Oregon vehicle when they can continue to put money into the vehicle that they already own just to keep it road worthy.
What Does This Mean For Junk Car Sellers?
With more junk cars on the road, and fewer new cars available, this means one thing, good news for junk car sellers.
Unlike 12 to 24 months ago, when it was tough selling a junk car, now it’s an ideal time for anyone to sell their vehicle, especially if they want to sell it for far more than what it’s worth.
Contact Fred’s Auto Removal
If you have an older model vehicle that you’ve been hanging onto for a long, now is the time to get it sold.
To learn more about how much your vehicle is worth, contact us today by calling (503) 810-3061 or click here to connect with us online for a free quote.