Catalytic Convertor salvage prices?
Thread Starter
Race Director
Joined: Mar 2005
Posts: 10,399
Likes: 25
From: Austin Texas
Catalytic Convertor salvage prices?
Anybody know why the salvage value has dropped so much since the summer of '08? I got $130 Each for the cats from my '05 C6 18 months ago, called the same place the other day and the same cats (GM small) are now only worth $51 Each.
I thought the value of the cats was for the Platinum content of the cat but Platinum is up a couple of hundred dollars an ounce since 7-08.
I thought the value of the cats was for the Platinum content of the cat but Platinum is up a couple of hundred dollars an ounce since 7-08.
Race Director
Joined: Nov 2005
Posts: 14,548
Likes: 1,538
From: Supporting the Corvette Community at Abel Chevrolet in Rio Vista, CA 707-374-6317 Ext.123
St. Jude Donor '08
Anybody know why the salvage value has dropped so much since the summer of '08? I got $130 Each for the cats from my '05 C6 18 months ago, called the same place the other day and the same cats (GM small) are now only worth $51 Each.
I thought the value of the cats was for the Platinum content of the cat but Platinum is up a couple of hundred dollars an ounce since 7-08.
I thought the value of the cats was for the Platinum content of the cat but Platinum is up a couple of hundred dollars an ounce since 7-08.
Safety Car
Joined: Feb 2007
Posts: 4,684
Likes: 107
From: Opelika Alabama
because the economy is down and there is no car MFG going on like there used to be ANY where in the world, I think economics should be required in U.S. high schools, simple economics! the law of supply and demand. and yes the salvage co's that have the $ to wait it out are buying low and yes! there going to hold it till they can sell HIGH!
Last edited by CMY SIX; Jan 26, 2010 at 02:07 PM.
Pro
Joined: Jul 2006
Posts: 731
Likes: 1
From: Bedford Texas
Cruise-In IX Veteran
St. Jude Donor '09
Rhodium prices (a component in cats w Platinum and Palladium) peaked in June 08 at near $10,000 an ounce. The price has fallen to $1K to $2K since. This was attributed to some games being played by the Russians (the #2 producer next to So. Africa). Prices could go up in the future if you want to horde them where they won't get stolen.
