The Automotive Recyclers Affiliation (ARA) is asking on automobile house owners, restore amenities and insurance coverage firms to extend use of ROE—Recycled Unique Tools® automotive parts—as the common age of sunshine autos in operation rises to 12.1 years.
In response to new analysis from IHS Market, a analysis agency that delivers an annual report on the age of autos on the street within the U.S., ARA Government Director Sandy Blalock took the chance to remind customers they’ve a selection relating to how their automobile is repaired.
“The age of autos on the street is at an historic excessive, rising from 11.9 years in 2020. Skilled automotive recyclers play an important position in holding these autos in street worthy situation,” stated Blalock.
IHS cites the affect of the 2020 COVID-19 pandemic and the ensuing discount in new automobile gross sales in addition to improve in automobile scrappage as main components in driving up the common age of sunshine autos. The scarcity of latest automobiles and rising worth of used automobiles presents a chance for the recycled elements market.
“ROE elements can meet the demand for high quality, protected alternative elements as these older autos are maintained,” stated ARA President Scott Robertson. “In lots of circumstances, new OEM elements is probably not accessible both as a result of the automaker stopped manufacturing the elements or disruptions within the provide chain linger. Even earlier than COVID, the common age of autos on the street has been trending up. Day-after-day over 500,000 ROE elements are bought to customers who wish to defend the residual worth of their automobile. ROE elements are the sensible selection in as we speak’s alternative elements market.”