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New Zealand motor vehicle fleet increased 61 percent from 1.5 million in 1986 to over 2.4 million by June 2003. By 2015 it almost reached 3.9 million. This is where scrapping has increased since 2014. Cash For Cars is a term used for Car Removal/Scrap Car where wreckers pay cash for old/wrecked/broken vehicles depending on age/model.
A scrapyard is a recycling center that buys and sells scrap metal. Scrapyards are effectively a scrap metal brokerage. [1] They typically buy any base metal. For example, iron, steel, stainless steel, brass, copper, aluminum, zinc, nickel, and lead would all be found at a modern-day scrapyard.
The scrap value, however minimal, will be in addition to the rebate, and not in place of the rebate. The new car bought under the plan must have a suggested retail price of no more than $45,000, and for passenger automobiles, the new vehicle must have a combined fuel economy value of at least 22 mpg ‑US (11 L/100 km; 26 mpg ‑imp). [18]
US new vehicle sales rise 12% as buyers shake off high prices, interest rates, and auto strikes. TOM KRISHER. January 3, 2024 at 3:08 PM.
However, the auto market came in much cooler, with prices for new vehicles rising 0.3% for the month, but only 1% year over year. The 2023 yearly figure was a big drop compared to last year’s 5. ...
The effect could be similar to a change in EV regulations — prices of EVs might go down at used-car lots, while prices of gas-powered cars might go up. Tariffs