With high inflation rates, interest rates on the rise and the demise of some US banks, there is much talk about an impending recession in North America.
ECONOMIC CONTRACTION IN 2023 & A MODEST RECOVERY FOR 2024
Keeping this in mind, both businesses and households have been tightening their purse strings. RBC predicts an economic contraction this year with an annual growth of 0.2% in 2023 with a modest recovery in 2024 of 1.0%.[1]
Making ends meet in times of recession can be difficult for many. Food and shelter, of course, are basic necessities we can’t live without. Another is our cars. Whether the economy is good or bad, we need to keep our cars on the road in order to get around and get to work. We may not be able to afford to replace our cars with new ones or even used ones in difficult times, so the answer is to keep your car on the road longer by fixing it and doing the work yourself.
SAVINGS OF UP TO 90% OFF RETAIL PRICES
Pic N Save Auto Parts saves you money during the best of times. During a recession, used auto parts yards such as ours, are crucial for those who need their vehicles and are feeling the economic pinch. Whether you call it a self serve yard, a u-pull-it yard, wrecking yard, salvage yard or a DIY yard, savings are always greater at a yard like Pic N Save. It’s simply because you are doing the work of removing the car parts yourself instead of a Pic N Save employee doing it for you.
STONEY CREEK & WOODSTOCK ONTARIO
With two yards in Southern Ontario, Stoney Creek and Woodstock, it’s well worth the drive. We have been providing Toronto, GTA and Southern Ontario residents with quality and inexpensive used car parts for decades.
THE PROCESS IS SIMPLE
- Sign in and pay $2 to enter the yard
- Bring your own tools to pull your parts
- Cars are organized by make and model of vehicle
- You won’t find a cleaner, better organized yard with better cars ANYWHERE!!!
- Prices are same for parts no matter the make or model
- Prices are listed on our website and on QR Codes around our yards
- Exchange or credit available for 90 days with proof of purchase, no refunds
- Loyalty program gives you 5% off of every purchase
The bottom line about saving money at salvage yards
The bottom line is this: yes, you can save good money at salvage yards. Savings are best at you-pull it yards, and some parts are best purchased new. But overall, during tough economic times, a salvage yard can be, and often is, your best friend when it comes to your vehicle.
[1] RBC Economy & Markets