2 Dollars Are Yours If…

That’s right! You read it right. I want to give every reader of the Recyclers Power Source magazine who will pledge to give $11.00 a month to the URG Scholarship Foundation a two-dollar bill. Yes, a two-dollar bill just like the one my dad put inside my new wallet when I was young. Last year, … Read more

Is $15 The New $25? Coping With the Labor Shortage

The Big Trends in Small Business newsletter on LinkedIn touched on a subject that is vexing many entrepreneurs, the labor shortage. The article featured a pair of San Francisco-based family restaurant owners who have had to close their pizzeria from time to time because of labor shortages. Their problems aren’t unique to their industry, they … Read more

Platinum Group Metals 2023 — Economic and Industrial Factors

Which economic and industrial factors affect the price of the Platinum Group Metals (PGMs), namely platinum, palladium, and rhodium, which subsequently impacts the price of scrap catalytic converters? A Hedge Against Inflation From an investment perspective, precious metals are non-interest-bearing assets. Investors will sometimes add precious metals to their portfolios as a hedge against inflation, … Read more

Environmental and Safety Compliance

I want to talk about the importance of environmental and safety compliance, and its return on investment, as well as the cost and potential liabilities. Let’s start off with the question of what exactly does compliance mean for the Automotive Recycler? For this article, we will talk about two main areas of compliance, the first … Read more

Inventory — The Gift That Keeps On Giving

An employer advertises for an Inventory person, and the job description says, “For this Inventory position, we need someone responsible”. An applicant replies, “I am the right person for this position. In my last inventory job, every time parts were missing or in the wrong place, they said I was responsible”. Many people might argue … Read more

Is Your GPS Working?

Surprise, a New Year is here AGAIN! The years go by quickly, and sometimes we need to reroute ourselves so we’re ready for what’s up ahead. Recently, my wife reminded me that I needed to write an article on “A New Year, a New You” which would center around reinventing oneself in 2023. As maybe … Read more

Changing Of The Guard

As my term as President comes to an end, I would like to share some of my thoughts and talk about what we have accomplished as an Association, (Year in Review). I just want to talk about some of the challenges that we have faced, and how the Automotive Recyclers Association (ARA) has responded to … Read more

Can You Keep All The Balloons In The Air?

Business is complicated today and it’s certainly not for the faint hearted. Many of my friends say that the reason that I was so successful is because I was so creative, innovative and so willing to try new things. Of me, they have said, “Ron throws 100 things against the wall, and only five of … Read more

I Need Your Prayers

First, I promise if you’ll help me now that I will write about recycling topics that are specific to the Power Source readers.  For now, these two precious people have been heavy on my heart for over a month. My neighbors, Kelly and her daughter, Madison were struck by a car in a hit and … Read more

The Ol’ Bait & Switch

You guys know I like to keep all of you posted on any new and cool information about what’s happening in our industry. But sometimes, I get to tell you about the complaints that I hear from other recyclers! Today I want to talk about a “bait and switch” issue that came up fast. Until … Read more

Shan Lathem Becomes President of Automotive Recyclers Association

MANASSAS, VA – Professional automotive recycler Shan Lathem of Cocoa Auto Salvage in Cocoa, Florida was recently welcomed as the new President of the Automotive Recyclers Association (ARA).  Lathem was formally confirmed as President on September 23, 2022, during the Association’s 79th Annual Convention and Exposition held in Orlando, Florida.  Lathem brings decades of experience … Read more

$500M Seized In Nationwide Catalytic Converter Takedown

Know Your Customer (KYC) more important than ever. Who are you really doing business with? On November 2, the Justice Department took down a nationwide catalytic converter theft ring with forfeiture more than $500 million in assets including homes, bank accounts, cash, and luxury vehicles. The Justice Department News stated, “Federal, state, and local law … Read more

3 Must-Reads For Recyclers

From observations of how our country has declined over past years, I can’t stress enough the importance of reading three books. They need to be read by everyone within the auto recycling and recovery industry as well as all our families. I’ll list the third book first. I don’t think anybody should be allowed to graduate … Read more

pH7 Technologies Inc. Partners With Noble6 

The partnership will provide access to the pH7 non-acid based chemistry solution for the recycling of spent catalysts to North America.  Vancouver, Sep. 15, 2022. pH7 Technologies and Noble6 are pleased to announce they have entered a North American strategic partnership, combining pH7’s leading technologies for the recycling of platinum group metals (PGM) with Noble6’s … Read more

Converter Recycling: An Updated Platinum Group Metals Outlook for 2022 and Beyond

Back in July, we summarized the 2022 outlook for Platinum Group Metals (PGMs) with excerpts from the Johnson Matthey Market Report. The report proved true on many fronts. Business conditions have not returned to pre-pandemic levels. Industrial demand for Platinum has remained robust. The war in Ukraine has restricted Palladium supplies. Operational challenges have restricted … Read more

Cores Are A Contact Sport

Recovering Cores – Five Contact Points Let’s go back to the basics of Cores: Identification, Recovery, QC, Packing. To delve further into the recovery of cores, let’s identify the five contact points for optimal core recovery within your existing workflow. Vehicle Inventory – Unlike in the past when your parts puller or dismantler was the … Read more

Treasure or Trash: The Quest For New Hires

Now that things are back to normal, or so they say, let’s take a look at the employment market in this post-pandemic world, as well as what is next. Earlier in the spring, things started getting back to normal, and the biggest thing that we all realized, besides the supply-line issues, is that now we … Read more

Your Podcast Is Growing

We are proud to announce that the URG on the Go podcast keeps growing every week.  No doubt, the good information in each episode keeps our listeners coming back for more week after week. If you’re one of these listeners, thank you for spending your valuable time with us. If you log on, you’ll hear … Read more

The Hidden Value of Performance Pay For Delivery Drivers

Many people have heard of pay by the delivery (delivery stop), but most people do not really understand how it is correctly computed or what the hidden value is. The simple explanation is the rate per delivery or attempted delivery (dry run), times the number of deliveries or attempted deliveries completed is route pay. Route … Read more

Process This

I recently took a trip to the UK to attend the ATF Professional Vehicle Recycling conference in Warwick, UK. It was a great convention, very informative and the speakers were awesome. Wish some of them could come to the United States and speak at our conventions. When I got back home, I started thinking that … Read more

“CANI” = Car-Part.com

“CANI” is a phrase that I hope all my regular readers remember. It’s been over 28 years since I wrote my first article for the Recyclers Power Source magazine. The magazine went to press in 1993, and I started writing articles for the Power Source in 1994. Many years ago, I wrote an article about … Read more

Converter Recycling: Platinum Group Metal Outlook 2022

Platinum Group Metals When you recycle your scrap catalytic converters on recovery or assay, you are selling physical metal into the market. It is no different than selling aluminum or copper, it is a commodity. Each catalytic converter contains some or all of three precious metals, called Platinum Group Metals (PGMs): Platinum, Palladium, and Rhodium. … Read more

Is Your Telescope Set Right?

Even though I’m in my mid 70s now, I continue to work in the podcast center two days a week completing podcasts for URG’s “On the Go” as well as four other towing and recycler-related podcasts. If you are wondering what I do with the remaining three days of the week, I’m proud to say … Read more

Press Release

MANASSAS, VA – The Automotive Recyclers Association (ARA) today announced that professional automotive recycler Shannon Nordstrom of Nordstrom’s Automotive, Inc. in Garretson, South Dakota has been nominated to join the Association Executive Committee as Secretary for 2022-2023. Shannon is the Vice President and General Manager of Nordstrom’s Automotive Inc. He and his wife Tamie are … Read more

Your Business Plan Isn’t Just For Your Banker

I talk to a great many people who are trying to borrow money to start a business or expand their business. Most don’t have a business plan competed. If you’re going to borrow money to try to start or grow a business, you must have a business plan which includes a pro forma financial analysis … Read more

Order Fullfillment

A Happy Customer is a Steady Customer We will talk about Sales, getting orders, fulfilling them, and managing the sale after the sale. So, to start off with, what drives sales? The obvious answer here is having what the customer needs. Once you have taken the order, now the real work begins, which is fulfilling … Read more

It Makes No Never Mind

I found the phrase “It Makes No Never Mind” in an article printed in “Discover MAINE,” a monthly magazine highlighting the Midcoast Region of the state we lovingly refer to as Vacationland. While not the official state motto, Maine is called Vacationland due to its natural beauty that has lured vacationers for decades as a … Read more

EV Batteries: To Reuse or To Recycle

EV Battery Forms and Use There are five main kinds of batteries used in electric cars: lithium-ion, lithium-iron phosphate, nickel-metal hydride, lead-acid, and ultracapacitors. Lithium-ion batteries are the most predominantly used battery in all-electric vehicles (AEV) and plug-in hybrid electric vehicles (PHEV) because of their high power-to-weight ratio, high energy efficiency, and high-temperature performance. They … Read more

Can You Afford to be Negative?

My wife, Sheila and I are in our 70’s now but she doesn’t look it. I do. When I meet someone for the first time, I tell them that I served at the last supper. I usually get a laugh or two, but this week I didn’t. We have been helping a neighborhood friend to … Read more

A Moment In History

The URG 2022 Educational Conference in New Orleans is now a part of our history as well as the history of everyone that attended. I sincerely believe this was one the best conferences ever! The conference theme, Look Forward, Honor the Past, speaks volumes regarding the need for individuals, companies, and organizations to remember what … Read more

Is Your Advertising Making You Money? Know Your Customer Acquisition Cost.

Whenever you are wondering whether you should continue to run an advertisement or whether your last mailer was worth the cost, you need to consider customer acquisition costs.  Customer acquisition cost is not hard to understand, but few businesses do the math required to evaluate their advertising efforts. I first learned about calculating customer acquisition … Read more

Tips To Remember

It’s only been a few weeks at the podcast center that we had our guest, Paul D’Adamo. My phone rang when it should have been on silent, but I answered it anyway. Since the sound was on ‘speaker mode’, Chuck Camp the producer of URG “On the Go” podcast was also listening.  When the person … Read more

Cat Money Reinvest or Other?

We have all stockpiled cats in order to get a huge ‘payday’. However, we all seem to get spend-happy when that large payment arrives. A simple change is our spending mindset can change the growth trajectory of our businesses—it did for me.  There are three types of things you can spend money on: Appreciable, Depreciables, … Read more

Are Your Employees Sharing Teeth?

Three old men are at dinner. They have a splendid meal, but they have a problem. They have only one set of teeth. It’s going to take them a while to eat. I’ll let you imagine whether they share a little at a time or one finishes before passing the teeth on. Gross, I know. … Read more

April Is A Month of Celebrations

So Much To Celebrate! Let’s all take a moment this month to celebrate these two monumental days in our industry. Earth Day and Reman Day represent the best of what our Industry stands for; companies who don’t just talk the talk of environmental action, but recyclers who by definition “walk the walk” in a profit … Read more

Responsible Sourcing — Part 2

Following up on part 1, Responsible Sourcing is a natural conclusion to the present converter theft issues. Starting from a place that for the time being there are no national guidelines on how best to deter and prevent converter theft it is up to us as recyclers to be the front line of ensuring that … Read more

Yabba Dabba Doo Or Don’t

The auto recycling business is unique. What I mean by that is that I tell people that it takes a certain breed to work and remain in this industry. It takes long hours, dedication and pride in what you do. It, by no means is a simple business to run or work in. Some individuals … Read more