Top tips for suc­cess­ful buy­ers and sell­ers in the auto sal­vage in­dus­try

The Calvert Recorder - Southern Maryland Automotive Trends - - News -

The auto sal­vage in­dus­try is more pop­u­lar than ever. While au­to­mo­tive prices rise, so does the dif­fi­culty in find­ing a good deal on a ve­hi­cle, and yet, many are still mis­in­formed about what a sal­vage car truly is. Au­to­mo­tive con­sumers have been mis­led to be­lieve that a sal­vage car, scrap car, junk car and to­tal loss ve­hi­cle are one in the same. As a re­sult, many con­sumers are not aware of the value that the auto sal­vage in­dus­try has to of­fer.

WHAT IS AUTO SAL­VAGE?

Cars that are cat­e­go­rized as sal­vage come in all makes, mod­els, con­di­tions and mileage, but what does auto sal­vage re­ally mean? The term auto sal­vage is quite sim­ply the state of the car’s ti­tle, and it refers to ve­hi­cles that have been char­ac­ter­ized by in­sur­ance com­pa­nies, ad­justers and the states as dam­aged in some way. The term “sal­vage” is gener­i­cally used neg­a­tively; how­ever, a sal­vaged ve­hi­cle does not nec­es­sar­ily im­ply that it can­not be re­built, re­paired or safely driven again. In fact, many sal­vaged ve­hi­cles are cars that have un­der­gone min­i­mal aes­thetic dam­age, and re­built or re­paired ve­hi­cles are specif­i­cally re­quired to pass a spe­cial in­spec­tion be­fore they can legally be re­leased for the open road.

Al­ter­na­tively, a to­tal loss ve­hi­cle is not a type of ti­tle, but it is a type of sal­vage ve­hi­cle. A to­tal loss ve­hi­cle oc­curs when the in­sured prop­erty is to­tal- ly de­stroyed or dam­aged in a way that can­not be re­paired or re­cov­ered for fu­ture use. It is im­por­tant to un­der­stand the dif­fer­ence in or­der to truly ap­pre­ci­ate how the auto sal­vage in­dus­try op­er­ates — this also en­ables buy­ers and sell­ers to make smart choices.

THE AUTO SAL­VAGE IN­DUS­TRY

From the early days of au­to­mo­biles, au­to­mo­tive re­cy­cling has de­vel­oped into a re­fined and tech­nol­ogy-driven in­dus­try. It is valu­able as a con­sumer to un­der­stand that the auto sal­vage in­dus­try is re­ally the au­to­mo­tive re­cy­cling in­dus­try. The pri­mary fo­cus of all en­ti­ties within the in­dus­try is to re­pur­pose, re­use and re­tain the value of all things au­to­mo­tive, and find a new life for the ve­hi­cle or com­po­nents of the ve­hi­cle.

The auto sal­vage in­dus­try is a thriv­ing part of the au­to­mo­tive sup­ply chain. Au­to­mo­tive re­cy­cling as a whole rep­re­sents over $32 bil­lion in sales an­nu­ally, and the in­dus­try em­ploys over 140,000 em­ploy­ees in the U.S. alone. In ad­di­tion to the crit­i­cal role that the auto sal­vage in­dus­try plays in the au­to­mo­tive sup­ply chain, au­to­mo­tive re­cy­clers play a valu­able role in the en­vi­ron­men­tally- friendly process of dis­man­tling, re­cy­cling or re­pur­pos­ing of mo­tor ve­hi­cles. Buy­ing and sell­ing a sal­vaged ve­hi­cle is not only more cost ef­fi­cient, it also pre­serves nat­u­ral re­sources and sig­nif­i­cantly re­duces pol­lu­tion and the de­mand for land­fill space.

TI­TLE

Buy­ers and sell­ers of sal­vaged ve­hi­cles can sleep soundly know­ing that all ti­tle dis­crep­an­cies must al­ways be an­nounced dur­ing the trans­fer of a ve­hi­cle. This is in­clud­ing, but not lim­ited to, mileage, sal­vage, theft, re­cov­ery, stolen ve­hi­cle, buy­backs and more. In­sur­ance trans­fers also re­quire full dis­clo­sure, and by law, ti­tles will al­ways be changed to re­flect the ve­hi­cle’s true sta­tus. Re­mem­ber to be a smart buyer and check your state for the dif­fer­ent ti­tle types and what they mean.

COPART

All buy­ers and sell­ers should take it upon them­selves to fully un­der­stand ve­hi­cle his­tory and ti­tle sta­tus be­fore of­fer­ing to buy and sell cars. If you are look­ing to buy and sell a sal­vage ti­tle ve­hi­cle, Copart.com ex­ceeds all ex­pec­ta­tions and de­mands. Copart, Inc., a leader in live on­line sal­vage and in­sur­ance auto auc­tions, is a pub­licly traded and rep­utable com­pany with a de­pend­able global foot­print. Copart has grown into the pre­mier on­line des­ti­na­tion for qual­ity ve­hi­cles that links buy­ers and sell­ers all around the world.

The sal­vage auto in­dus­try is more pop­u­lar than ever be­fore, and Copart. com makes it more con­ve­nient than ever be­fore to ac­cess thou­sands of ve­hi­cles.

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