Suburban Cash for Cars entered the Cash for Cars Adelaide industry – reported to be worth at least $175 million in Australia, when combined with scrap metal recycling – with the view to change it.
“Before you can change an industry, you need a platform on which you can ride on,” said their CEO in a candid interview.
“This platform has to be something your audience – your existing clients and prospects – care deeply about. When I set up Suburban Cash for Cars, I did so with the goal of establishing business practices that were sustainable.”
What is sustainable is what is ethical
When Suburban Cash for Cars entered the Cash for Cars industry in Adelaide – we asked consumers what their expectations of a modern Cash for Car company were. Since ‘sustainable and ethical business practice came out on top” – we decided to adopt these as the platform on which our business would ride.
Has this strategy paid dividends for Suburban Cash for Cars?
Yes, the company is one of the largest buyers of used and old cars in Adelaide that have reached what the industry refers to as ELV – End of Life Stage vehicles.
ELV’s generate 100,000 tonnes of scrap metal every year according to The Australian Waste and Recycling Expo (AWRE). At an average cost per tonne that is $175 per tonne (not: price fluctuates daily) – the total cash for car industry, experts believe is worth around $175 million dollars from a scrap metal perspective alone.
Cash for Car companies who backwards integrate their services with those of Auto Wreckers in Adelaide and Second-hand Car Parts Dealers also make money from car parts such as car batteries that sell at around $6 per battery wholesale.
A business wins when its customers also win
An important factor that drives sustainable practice at Suburban Cash for Cars is ‘Sharing Profits’ as the company makes them.
Suburban Cash for Cars pays South Australians Cash for Scrap Cars. In doing so, they pass at least some of the profit they make to the people who sell them their old cars which mostly have no further commercial value attached to them.
A paying business
To date, Suburban Cash for Cars has bought more than 300 cars from Adelaide residents – paying hundreds of thousands of dollars in cash – on the spot.
And that’s another of the beautiful things about this industry – they understand people’s need for cash – paying it out instantly – at the time they buy the vehicle.
If you have an old vehicle, or a fleet of vehicles you no longer need, do consider giving them a call to value it. They can be contacted on 0499 022 036.
Ranjan RatnamM: 0423317884