Scrap metal prices continue to dip.
Scrap metal prices for crushed auto bodies declined 7.9% nationally since last month. Compared to this time last year scrap prices have increased 13.7%. The average price per gross ton is now roughly $131. See Scrap Metal Market: October 2016 to compare trends for crushed auto bodies.
In the month of September the price of used vehicles up to eight years in age fell 3.6%. This decline would mark the largest yet in 2016 for the used car industry. In the previous three years losses for this period averaged a similar 3.3%. –Used Car Industry October Update, ARSCARS.com
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