Johnathan Chase, a former police detective who served as the sole salvage vehicle inspector for a southwest Michigan department, has pleaded no contest to falsifying state salvage vehicle inspection forms, Michigan Attorney General Dana Nessel announced June 18. Inspectors verify that extensively damaged or reconstructed vehicles are safe to drive and that their components cannot […]
LKQ Sells Self Service Segment
LKQ Corporation (NASDAQ: LKQ) today announced it has entered into an agreement to sell its Self Service segment, Pick Your Part, to an affiliate of Pacific Avenue Capital Partners, LLC for an enterprise value of $410 million, subject to customary post-closing purchase price adjustments. This proposed transaction was the result of a competitive bid sale […]
California Bureau of Automotive Repair Launches Salvage Vehicle Inspection Program
Inspections designed to ensure revived salvage vehicles are safe to return to California roadways. The Bureau of Automotive Repair’s (BAR) Vehicle Safety Systems Inspection (VSSI) Program inspects vehicle safety systems to ensure revived salvage vehicles can be registered with the Department of Motor Vehicles (DMV) and safely returned to the road. The BAR says that […]
Law in California to Expand Inspection of Vehicle Safety Components Takes Effect on Rebuilt Salvage Vehicles
New law also allows BAR to collect additional information from repair facilities on training and certifications. California motorists are now further protected from unsafe vehicles with the implementation of AB 471 (Low, Chapter 372, Statutes of 2021), a measure that expands the inspection of vehicle safety components and systems. The new law took effect July […]
California BAR to Examines Vehicle Safety Inspection Regulations to Address Salvage-Titled Vehicles
The California Bureau of Automotive Repair (BAR) will host a second public workshop to discuss regulation development for the proposed vehicle safety inspection and certification program. AB 471 (Low, Chapter 372, Statutes of 2021) requires BAR to establish by January 1, 2024, a vehicle safety inspection and certification program for salvage-titled vehicles. At a minimum, […]
LKQ North America Partners with Tractable to Deploy AI to Optimize Salvage Vehicle Recycling
LKQ North America is using Tractable’s Artificial Intelligence (AI) to accelerate and optimize the recycling of the salvage vehicles LKQ procures across their North America segment. The AI uses computer vision, a technology that allows algorithms to reason based on images, to assess the specific damage on each vehicle and determine which parts can be […]
Rhode Island Legislation Seeks to Clarify Paint, Body and Refinish Materials Payment Regulations
Bills specify examples of materials calculators. Requires vehicle owner written consent if insurer not retaining salvage. Prohibits insurers refusing to pay for sublet services. Two bills introduced in Rhode Island seek to update Unfair Claims Practices laws to provide specific examples of materials calculation systems and add a requirement that insurers get written consent from […]
IAA Partners with NASCAR to Expand Capacity for Catastrophe Services
IAA, Inc. (NYSE: IAA) and NASCAR Enterprises, LLC., announced an exclusive agreement that further increases IAA’s catastrophe capacity footprint by enabling the vehicle auction firm to leverage NASCAR facilities for total loss vehicle storage after a catastrophe.. The agreement expands an already long-term relationship between the two organizations. In addition to the company’s other catastrophe […]
IAA Launches Active Inventory Management Solution for Salvage
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services, Inc., (NYSE:KAR), today announced its latest innovation, Active Inventory Management service that enables insurance company customers to save time and resources by outsourcing their entire salvage inventory management process to IAA. “IAA developed the Active Inventory Management solution to help our insurance customers […]
Automotive Recyclers Question General Motors Position Statement on Recycled Parts
Recyclers believe position statement counter to GM commitment on environment and sustainability. The Automotive Recyclers Association (ARA) is admonishing General Motors (GM) and its Chairman and Chief Executive Officer (CEO) Mary Barra for what it states is “GM’s new anti-environmental position on the utilization of recycled GM parts.” According to the association, that represents the […]