With August almost coming to a close, that can only mean one thing: back-to-school shopping. While parents may be excited that school will soon be back in session, what they may be dreading is the cost of sending their children back to school.
JunkCars
An Education on Selling Your Junk Car to Gershow
After four years of high school, your child is off to college. Since your child will be going away, that means hitting the stores to get the things they need for the classroom and the dorm room. Families surveyed by the National Retail Federation said they intend to spend an average of $1,059.20 to get their children ready for college. This amount breaks last year’s record of $976.78 per family.
Wards Foresees 14.1 Million Light Vehicles in Sales and Inventory for July
Wards recently released its forecast which predicted a seasonally adjusted annual rate (SAAR) of 14.1 million light vehicles in sales and inventory for last month. (SAAR is the number of light vehicles, both sold and unsold, over the past 12 months.) That number would mean an 8% increase over June’s numbers and a major improvement over April, when there were fewer than 9 million vehicles that were both sold and on the market because of the ongoing coronavirus pandemic.
Higher Scrappage Rate Means More Junk Cars Off the Road
A recent study from IHS Markit showed that, despite a growing number of older vehicles on the road, the scrappage rate went up last year. In 2019, the scrappage rate was 5.1%, compared to 4.6% in 2016 and 4.2% in 2009.
Will Fully Autonomous Cars Hit the Road This Year?
In his video message that was broadcast during the World Artificial Intelligence Conference in Shanghai, China, Tesla CEO Elon Musk said he foresees Level 5 cars, also known as self-driving vehicles, hitting the road before the end of 2020. “I remain confident that we will have the basic functionality for Level 5 autonomy complete this year,” he said.
How Some Mechanics Scam Vehicle Owners
Some mechanics will trick unsuspecting car owners into getting unnecessary and expensive repairs done to their car. These mechanics will “discover” a “problem” somewhere and convince the customer that it needs to be fixed now.
Gershow Buys All Types of Cars
You have a junk car in front of your house, and you want to sell it to a Long Island junk cars for cash operation, but you’re not sure if that’s possible. You might have owned a hatchback, a minivan, an SUV or even a mini-Cooper. If you are looking for a junk and auto salvage company on Long Island that buys all types of junk cars, look no further than Gershow Recycling.
Average Car Depreciates by 39.1% after Three Years
A study done by iSeeCars found that, after three years, the average depreciation of a car is 39.1%. The automotive research firm noted that three years is the average term of a lease and the ideal age of a used car for prospective buyers. “Three years is a popular age for used car buyers because the cars have taken a major depreciation hit, but likely have many of the latest modern safety and technology features,” stated Phong Ly, iSeeCars’ chief executive officer.
New York State Invests in Electric Vehicles
The New York State Public Service Commission (PSC) recently approved a $750 million initiative to speed up the construction of 50,000 charging stations throughout the state by the year 2025 as part of Governor Andrew Cuomo’s “Make Ready” order. The governor’s initiative also calls for $4.4 million in spending for an additional 4,650 charging stations on Long Island that would charge up to 188,000 electric vehicles (EVs) islandwide within five years.
It’s Illegal to Let Junk Cars Pile up on Your Property
If you have been letting junk cars sit in front of your home, better watch out! New York State law prohibits the accumulation of junk cars on private property. It says allowing unused vehicles to continue to stay on the local premises “can reduce property values, be an eyesore and an attractive hazard to children, and be a potential health risk.” Instead of risking payment of a fine and letting the state take your cars away, get money for your junk cars by selling them to Gershow Recycling.
