Adapting to the New Converter Reality: How PMR Can Help You Stay Ahead of the Curve

Adapting To The New Converter Reality: How PMR Can Help You Stay Ahead Of The Curve

With global markets constantly in flux, catalytic converter recyclers are having to change the ways they do business. If you’ve kept up with the precious metal market, you might have noticed that the prices for platinum, palladium, and rhodium are changing quickly. With experts unable to predict any shifts in market prices, scrap metal and automotive recyclers are left wondering how to take advantage of trends before the next big development.

With this unprecedented new normal, converter recyclers are looking to stay on top of the market. With PMR, it’s never been easier to stay ahead of the curve. We’ll help you to get the best value for your converters and grow your business, no matter the challenges.

Predict Your Converter Income with PMR’s Instant Buying Tools

For automotive recyclers, being able to accurately forecast converter values when purchasing end-of-life vehicles helps to secure converter revenue. With VIN/TRIM, you get instant price estimates for a vehicle’s converter(s), allowing you to adjust your bidding accordingly. This way, you can collect material quickly and profitably.

Purchasing decisions also need to be made quickly. That’s why PMR offers comprehensive buying tools like photo and video grading. With photo grading, you receive expert price estimates 60-90 seconds after submitting a photo. Video grading connects you to one of our converter experts, helping you price your converters confidently. And you can rest easy knowing that PMR’s price estimates always reflect current market prices, ensuring that your profit targets are met.

With our master catalog, you’ll have access to over 33,000 converter serial numbers with real-time market prices that will help you make snap purchasing decisions.

But once you’ve secured your material and forecasted your income, how can you make sure that you’ll get the converter returns you planned for?

How to Collect and Ship in the Same Market

Buying and selling in the same market is the only way to make sure you’re following trends and securing the returns you predicted. To be able to do that, it’s important to have access to tailored inventory tracking tools, low lot requirements, and shipping solutions to help you ship material more often. This way, you can keep increasing your profits, even in today’s volatile market.

With PMR, you get access to the Inventory Box tool, allowing you to record and track all your material effectively. With our low lot requirement of 100 OEM units, you can ship as you’re buying, increasing your chances of capitalizing on advantageous market developments.

Our brokerage partnerships also pick up your material and transport it to our facilities, generating transport documents automatically to increase shipping efficiency. For suppliers with a history of more than 3 lots, advance payment options are available once the shipment is in the truck. A balance adjustment is made 10-15 days later based on assay results.

Getting Assistance in Real Time and Understanding Your Bottom Line

When you have access to valuable information about your operations, you’re in total control. Leading the converter recycling industry for more than 25 years now, we understand the needs and concerns of scrap metal and automotive recyclers. Changing how you sell your converters is often a stressful decision, and sometimes, making the jump can be frightening. That’s why we offer expert consultation and educational resources, empowering you by providing industry insights that help you navigate the always-evolving world of converters and understand how  your bottom line will be affected.

For more updates, visit PMR’s Resource Center.

Published: March 10, 2021
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