Car Monkeys, Inc. (CKMY) Emerging as Reputable Player in $22B Automotive Recycling Industry
Any car owner knows the costs of car maintenance and repair can quickly add up to several hundred dollars of parts and labor. According to CarMD’s 2014 State Index, the average cost for check engine light-related repairs in the U.S. in 2013 was $392.49, up nearly 7% from 2012. As the cost of auto parts continues to rise, however, so does sales potential for Car Monkeys Group, a seller of used, high-quality, low-mileage automotive parts. In its five years of operations, the New Jersey-based company has used its proprietary technology and access to hundreds of thousands of parts to become…