I agree that the article isn't very clear on why existing cars aren't recyclable, and how this improves it. I could imagine that there are subway cars being produced in the past 10-20 years that are harder to recycle due to a bunch of plastic components, perhaps. Or, there might be issues in how the cars are constructed that make separating out the recyclable components unreasonably expensive?
It does seem to be the case that, whatever the reason, subway cars often aren't recycled. For example, New York repurposed a bunch of its old cars by sinking them to make artificial reefs: http://news.nationalgeographic.com/news/2006/08/060818-subwa.... Presumably they would've recycled them instead if the metal were easily reclaimable and had significant scrap value?