Salvage Vehicles - Tagged Posts

Ritchie Bros. Auctioneers Acquires IAA to Expand Global Marketplace

The deal will diversify Ritchie Bros.' truck, construction, and farm equipment customer base by providing it with a larger presence in the vehicle remarketing vertical that has strong industry fundamentals with proven growth.

Hurricane Dorian Will Bring More Flood-Damaged Cars to Used Market

An increasing number of flood-damaged vehicles are returning to the used market across the country, and increasingly in states where flooding might not be top of mind, according to new data from Carfax.

Vehicle Loss From Florence Expected to Reach 20,000

After the heavy rains brought by Florence to the Carolinas stopped, estimates about the number of vehicles that were destroyed by the storm began to roll in that made it clear the storm would have far less of an impact that the pair of storms that reached Texas and Florida a year ago.

Copart Acquires Finnish Salvage Auction AVK

Salvage auction specialist Copart has acquired Autovahinkokeskus Oy, a salvage auto auction company based in Finland, the company announced.

Salvage Auctions Estimate Volume of Hurricane-Damaged Vehicles

While the effect that Hurricane Irma had on Insurance Auto Auction's and Copart's operations in Florida was relatively mild, Houston was a different story.

How Fleets Inadvertently Violate Privacy Laws

There are more than 3,000 federal and state laws and regulations prohibiting unauthorized dissemination or access to employee personally identifiable information (PII). However, employee privacy is sometimes inadvertently compromised by fleets. The reason this occurs is because the PII that was electronically captured by the out-of-service fleet vehicle is not deleted.

CEI Upgrades Its Fleet Accident Salvage Technology

The CEI Group, Inc. has implemented enhancements to its salvage recovery technology that speed the process and further assure that clients will get the best price for their total-damage vehicles.

New Va. Law Amends Salvage Title Requirements

RICHMOND, VA – Virginia Governor Bob McDonnell has approved a bill that amends the state’s salvage vehicle laws. The new law, which goes into effect on July 1, adds a new type of vehicle classification – a “repairable vehicle” -- along with an exemption that lets insurers dispose of such vehicles at auction without having to apply for a salvage title certificate.

Calif. Passes Vehicle History Disclosure Law

SACRAMENTO, CA – California Governor Jerry Brown has signed a bill that requires all car dealers in the state to post a disclosure notice on all used cars they sell that the National Motor Vehicle Title Information System (NMVTIS) identifies as having a junk, salvage or flood branded title.

Arkansas Lifts Restrictions on Salvage Vehicle Buyers

LITTLE ROCK, AR - Arkansas Gov. Mike Beebe on March 10 signed legislation that removes restrictions on who can buy salvage vehicles at auction in the state. The new law, which will take effect 90 days after the bill's signing, opens salvage auto auctions to the public.

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