auto salvage News

Despite Smart Cars, There’s Still Money to Be Made from Damaged Vehicles

The 2019 Ferrari 812 Superfast is a beast by any measure. With 789 horsepower and a top speed of 211 miles per hour, it retails new for about $363,000. It could be yours for a fraction of the price, if …

The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban …

Norman-Spencer Adds Auto Dismantler Program

The Norman-Spencer Agency, Inc. has launched a new auto dismantler insurance program through its Northern Star Management transportation division. This national program is designed for professional salvage yards/dismantlers engaged in the sale of used parts to the public. Full package …

Ohio Auto Salvage Bill Pits Industry Against Insurers

Ohio’s salvage industry says proposed state legislation that would open the auto salvage auction market to unlicensed buyers could cost up to 2,500 salvage jobs and eliminate consumer protection. Opponents of Senate Bill 273 say allowing unlicensed in-state and out-of-state …

Sandy Could Force 250,000 Cars to Scrap Heap

Superstorm Sandy may consign as many as a quarter of a million new and used cars and trucks to the scrap heap, a loss that could eventually lead to a spike in new auto sales, automakers and dealers said. So …