Alternative parts utilization set a second consecutive record — though a ERP system conversion in Germany drove a cut to full-year guidance.
LKQ Corporation’s (NASDAQ: LKQ) North America segment returned to organic revenue growth in the second quarter for the first time since 2023, as alternative parts utilization exceeded 40% and the decline in repairable claims narrowed to a range the company estimated at 1% to 3%.
North America parts and services organic revenue rose 0.5%. Utilization of alternative parts in the segment’s aftermarket collision business surpassed the record set in the first quarter, when it reached nearly 40% through
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