An examination of auto salvage by definition, insurance, and the law. Salvage is saved vehicles, not scrap, junk or wreckage.
Dictionary.com defines salvage as “property saved from danger,” therefore, auto salvage should, and does, include every vehicle that has been saved from possible loss or damage. The salvage industry has been returning safe cars to the roads for years, as well as providing reliable, reused parts for service and maintenance. If you are enthusiastic about saving money and dedicated to reusing and recycling, then read on to learn more about the business of auto salvage.
Throughout my life, I have had the same conversation with a countless number of people. It begins with me explaining that my family is in the auto salvage business; and ends with me explaining that, it is not a scrap yard, nor a junkyard, nor a dump. Once, I was even asked if we worked with shipwrecks because the only notion of the word ‘salvage’ this person had was in relation to such. A bit taken aback I explained that, we definitely are not deep sea salvagers, but we do see our share of recreational boats in the auto salvage industry. Hence, in order to better understand salvage let’s debunk some of the myths around what is considered salvage vehicles.
Salvage is not scrap and junk, these words are synonymous with garbage and garbage it is not! Auto salvages reuse parts and recycle metal and steel. The auto salvage industry acquires of 12 million vehicles annually for the purpose of reusing or recycling according to the Ontario Automotive Recycler’s Association. Scrap metal and steel sell to third parties who handle the removal and processing of the scrap themselves. Scrap is not the predominant source of income in the auto salvage business. Consistent operating income in the salvage industry comes from vehicle and parts sales.
A salvage yard is not a dump for wrecked vehicles that are no longer fit for the roads. Yes, salvage can include vehicles that have been in a collision, but it also includes vehicles that have been repossessed, as well as stolen and recovered vehicles. Reputable businesses in the auto salvage industry disclose important information, including vehicle condition and known history. DASHUB uses quick, “easy to read” icons at the top of each vehicle profile to indicate important details such salvage title, runs and drives, has keys, etc.
It is important to note here that each state and province has different laws that dictate and classify vehicle salvage. Vehicles that have been deemed unfit to return to the road after a collision are labeled as non-repairable, not salvage. It is these laws that guarantee the integrity of the auto salvage industry and consumer safety, by ensuring only safe cars are returned to the road. You can get more information on the salvage laws in your area by using Google to find either the legislation or the contact information for your state or provincial motor vehicle authority. USA residents can find this information at DMV.org.
Consumers who are informed about the auto salvage industry are keen to take advantage of exceptional deals on late model, low mileage cars. To see for yourself the variety of vehicles being sold as salvage across North America today, visit some of the major auction sites like Adesa, Impact, Dashub, and Manheim. Visit salvage yards in your area or view their websites, a list of which can be found under recycler links on Car-Part.Com.