Recycling Businesses Cashing In With Cash For Clunkers

Hard-hit car dealerships aren't the only businesses being refueled by the popular Cash for Clunkers program -- that could be extended this week. Another type of business that is also cashing in.

Business is increasing at recycling and scrap metal yards like Foss in Jacksonville. The scrap yard has been receiving about 10 clunkers a day and is able to make a profit by selling off the parts. Site manager Sue Downs says, "We recycle for one, get the gas guzzlers off the road and sell the parts for a cheaper price to customers."

Meantime, Cliff Renchen, General Manager at Sanders Ford in Jacksonville, says business couldn't be better. Renchen says, "We have seen it increase possibly 10 to 15 percent."

Both businesses hope to see the program extended as it's lending a jumpstart to many businesses during this tough economy.

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  • by Tony Location: GVegas on Aug 6, 2009 at 06:20 PM
    The scrap yards aren't selling the engines,because they blow them up in the CFC cars.They are most likely selling body parts.Not every older vehicle runs as inefficient as some do.
  • by Chris Location: Greenville on Aug 6, 2009 at 04:45 PM
    How is cash for clunkers working towards getting inefficient vehicles off the road, if scrap yards are reselling clunker parts to fix clunkers... that are inefficient. This is a moronic plan and shoulda never been passed.

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