The catalytic converter market’s estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%
If you’re running a parts business, you’re aware of how important it is for you to be knowledgeable about the supplies you sell.
After all, if you can’t tell your customers the value of your goods. How can you expect to sell them at a price that can benefit your company?
Are you interested in learning more? If so, then you’ll want to read on. We’re going to take a deep dive into catalytic converter scrap, explaining what it is and how much it’s worth.
Let’s get started!
What Are Catalytic Converters
A catalytic converter is an important part of a car’s exhaust system. It helps to reduce harmful emissions from a car’s engine. This is by converting them into less harmful substances.
Despite their importance, catalytic converters can be quite expensive to replace. As a result, many people choose to scrap their old converters and sell them for money.
How Much Does Catalytic Converter Value
The price of catalytic converter scrap varies depending on many factors. Such as the type of scrap metal used in the converter and the current market prices for metals.
The most common type of catalytic converter contains platinum, palladium, and rhodium. These precious metals are all quite valuable. So a converter with a high content of these metals is worth more than one with lower content.
The amount of money you can get for your catalytic converter also depends on where you sell it. Scrap yards and recycling centers usually pay less for converters than those specialty dealers who buy and sell used converters.
But selling your converter to a scrap yard or recycling center is usually the easiest and most convenient option.
How to Get the Most Out of It
If you’re looking to get the most money for your catalytic converter. You might want to consider selling it online. There are many websites that allow you to sell used car parts including catalytic converters and any other parts.
Selling your converter online will likely give you a higher price than selling it to a scrap yard or recycling center. But remember it will also take more time and effort to find a buyer and ship the converter.
To get out of most of your time, scrap prices, and earn money check on the industrial catalytic converter at G&D CATS.
Make Money on Catalytic Converter Scrap
In general, for catalytic converter scrap, you can expect to receive anywhere from $50 to $500 for your catalytic converter. This depends on the factors mentioned above.
If you’re looking to get the most money for your converter. It’s important to do your research and compare prices from different buyers before making a sale.
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