Over the past 15 months, the U.S. has experienced a larger number of scrapped vehicles verses new vehicle registrations during the same time. From July 2008 to September 2009, more than 14.8 million cars and light trucks were retired from the fleet and only 13.6 million were newly registered.
On average, 16 to 17 million vehicles are sold each year. Yet, due to multiple factors, vehicle sales have steadily declined since 1999. In 2006, 7.6 million passenger cars were sold in the U.S., according to the U.S. Transportation Department.
The automotive recycling industry, which is dedicated to the efficient removal and reuse of OEM recycled parts, handles the majority of scrapped vehicles. The Automotive Recyclers Association (ARA), representing over 4,500 automotive recycling facilities in the United States and fourteen other countries around the world estimate that 11 to 12 million vehicles are retired from use each year. Of those retired, approximately 7 million are processed by automotive recyclers.
ARA members around the globe provide consumers with quality, low-cost alternatives for vehicle replacement parts, while preserving the environment for a “greener” tomorrow.