Wreckonomics™ Challenge of Change

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In our last Wreckonomics™ post we took a look at the underlying forces of the pandemic and the impact on auto recycling and salvage markets.   The post led to some great conversations and some interesting ideas.

Earlier this month, I was invited to participate in the United Recyclers Group Annual Training Conference.  URG asked if I could discuss Wreckonomics and continue the conversation with a further focus on Auto Recycling and Transportation.  I was honored to be a part of a terrific exchange of ideas as URG roared back from a year long absence.  It was an outstanding show and conference and we loved being in person with our friends and partners.

The training Conference was appropriately titled ‘The Challenge of Change’ and I was pleased to be able to delve into some of the many pressures affecting our industry over the last year and in the months to come as we find a ‘New Normal’.

Below is the presentation deck with most of the appropriate citations.  Would appreciate any questions, comments or ideas that this might help to cultivate.  It’s a fascinating economic moment as we search for a return to normalcy even in the face of a continuing pandemic.

ARS developed the mBid® application to leverage local demand for low value and end of life vehicles from ‘the field.’  Direct sale of these assets lowers processing costs, significantly reduces fee basis, improves cycle time and delivers a significant net lift for our partners.

mBid® is a comprehensive solution, managed completely by ARS.   We worked closely with licensed dealers and dismantlers to design a system for distributing and managing these assets that delivers reliable information to buyers, manages logistics, processes titles and is equitable for buyers and sellers.

NOTE: All figures are believed to be reliable and represent approximate pricing based on information obtained prior to publication.  Advanced Remarketing Services is not responsible for the accuracy or completeness of the information provided, or for the use or application of information herein.