The auto salvage industry is a vibrant and growing sector of the economy. In the United States alone, there are over 3,500 auto salvage yards in operation. These businesses provide an important service to society by recycling and selling parts from end-of-life vehicles. The auto salvage industry has come a long way in recent years, mostly due to their contribution economic health and environmental protection. You see, the more cars we recycle and reprocess, the more we preserve our vital natural resources, like raw ores and metals.
But what kind of metals are found inside cars? And why are they so valuable to auto salvage yards? If you have a junk car to get rid of, this information could be important to you. Continue below to learn which metals are most valuable in a junk car, plus how to make the most money from selling a junk car in Central Indiana.
Metals Used in Automotive Manufacturing
There are a variety of metals that can be used to construct cars. The most common type of metal used is steel, which makes up the vast majority of a car’s body. Other popular metals used in car construction include aluminum, copper, and magnesium. Each metal has its own unique benefits and drawbacks, so automakers must carefully select the right type of metal for each component of a car.
For example, steel is strong and durable but heavy, so it is typically used for structural parts such as the frame. Aluminum is lightweight but not as strong as steel, so it is often used for body panels. Copper and magnesium are both lightweight and strong, making them ideal for use in suspension components and engine parts, respectively. By carefully selecting the right type of metal for each part of the car, automakers can create a vehicle that is both strong and lightweight.
Highest Value Metals in Vehicles
Precious metals have the highest value, and they are used in a variety of ways to make cars. Gold is used in the wiring and electronic components, while silver is used in the paint and chrome plating. Platinum is used in catalytic converters, and palladium is used in fuel cells. All of these metals are highly valuable, and their use helps to make cars more efficient and durable. While precious metals are not the only materials used in car manufacturing, they play an important role in making sure that cars are able to function properly.
The current scrap metal prices are pretty stable right now. Ferrous metals, like iron and steel, are currently averaging around $130 per ton. Non-ferrous metals, such as aluminum and copper, are averaging around $2,000 per ton. If you’re looking to scrap some metal, now is a good time to do it!
Are you ready to sell your old, broken-down vehicle for an instant cash payout? Contact us at 317-450-3721 to speak with an Indianapolis cash for junk cars buyer and get a free offer today. We serve all of Central Indiana.