Understanding the Auto Salvage Industry

Many states issue salvage titles to vehicles that are heavily damaged or stolen and not recovered. A vehicle qualifies if repairs or replacements exceed 70% of its market value, with the insurer settling the claim. Each state has specific rules for issuing these titles. For example, some states assign salvage titles if stolen or vandalized vehicles are missing for over 21 days. In Michigan, damage between 75% and 90% results in a salvage title.

Vehicles with over 91% damage receive a scrap title and are considered non-repairable. Oregon issues salvage titles when the vehicle’s loss exceeds 70%, especially if it's abandoned or stolen and valued under $500. Buyers should research carefully and ensure proper title transfer, with necessary documents like sales receipts and VINs.

Repairable Vehicle, a division of Interstate Auto Center Inc., has been selling repairable cars since 1989. Known for transparency, they work closely with insurers, salvage auctioneers, and dealers to provide accurate vehicle details updated daily. Their extensive network offers timely notifications of special vehicles. They also participate in vehicle auctions to acquire inventory.

RideSafely, operated by Auto Auctions Remarketing Services, specializes in damaged vehicle sales worldwide. Their inventory includes rebuilt, salvage, used cars, motorcycles, SUVs, and trucks, updated daily. Buyers can access a wide selection of affordable, quality vehicles, with assistance in sourcing vehicles from auctions if needed. The platform offers attractive purchasing options for different vehicle types.

Many salvage yards operate large auto recycling facilities, storing purchased vehicles. Some also run repair shops to recondition vehicles for resale, while others provide used parts or allow buyers to remove parts themselves. All maintain an up-to-date inventory to serve the needs of buyers and repair professionals.