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Automotive Recycling Magazine
Auto Recycling In Tune
Sometimes all you need to turn a practice scale into a top-ten hit is a little fine tuning. It's the same with your business. Even the most successful businesses fine tune their operations to stay competitive in the future. The Automotive Recycler's Association's (ARA) 71st Annual Convention & Exposition aims to give your business the edge it needs to stay perfectly in tune with the evolving industry of automotive recycling. This year, ARA takes its road show to "Music City" Nashville, Tennessee, from October 22-25, 2014 and plays the main stage at the Gaylord Opryland Resort and Convention Center.
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Backdrop: Star-Studded Strummin' Nashville
Perhaps known best for its deep-rooted musical heritage, Nashville is the state capital of Tennessee and home to about 600,000 people. Time Magazine recently declared Nashville "The South's Red Hot Town" due to its strong employment growth and a cost of living that is 13% cheaper than the U.S. average. The city is a center for the music, healthcare, publishing, banking, and transportation industries and is home to many colleges and universities as well.
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Saying Yes to Profit
As auto recyclers look to expand their available parts to their customer through partnerships with other auto recyclers, and other ideas, one should not neglect creating alliances with those providing aftermarket auto parts. In fact, this idea was presented in a very popular educational session at ARA's Convention last year in Arizona that generated much interest in aftermarket parts and the increasing role they can play within the automotive recycling business. We asked the panel of experts who presented the educational session to give us their thoughts on increasing profits with aftermarket parts in your auto recycling business.
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Valuing Your Yard for Succession
The reasons that owners most often cite when they sell their automotive recycling facilities are either retirement or to cash in on their good efforts. Regardless of the reason, there are many steps in the process that will help you achieve the best results. What’s selling these days? Profitable full-service yards, self-service yards in populated areas, catalytic converter collectors, and larger scrap yards. Yards that are in a strategically valuable location are selling. With metal pricing depressed as it is now, scrap yards are not selling like they used to, but they will come back. For whatever reason you want sell, there are a few important steps to prepare for it.
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