GLOSSARY OF AUTO SALVAGE INDUSTRY TERMS

Auto Salvage

The act of processing a vehicle for recycling, crushing, scrapping or disposal

Automobile Recycling

*The efficient, ecological disposal of inoperable motor vehicles and reclaiming reusable parts and components.

Automotive Recycling

*The efficient, ecological disposal of inoperable motor vehicles and reclaiming reusable parts and components.

C.A.R.

* Certified Automotive Recycler. A designation awarded by ARA to recyclers who meet a set of standards for general business practices, and environmental and safety issues.

Car Salvage Value

The amount of money a junk, wrecked or total loss vehicle is worth to a seller or the value of the parts and recycled metal to a vehicle processor

Dismantle | Dismantler

To take a used vehicle apart for the purpose of reclaiming usable parts. Dismantling takes place in a dismantling bay.

Electronic Parts

* In late-model vehicles. Includes electronic fuel or ignition systems, computer boards

Fluid Recovery System

* The system the automotive recycler has set up to collect and recycle or dispose of the fluids remaining in salvage vehicles in an environmentally-responsible fashion.

Junk Car Removal

A term commonly used to locate a company who will tow your junk car away for processing

Junk Cars for Money

A term commonly used to locate or describe a business which pays people for junk and salvageable vehicles

Junkyard

See also Junk Yard A term commonly used to describe a business who’s main operation is the dismantling of vehicle into components to be sold as used parts and/or scrap metal

L.K.Q. Parts

* Like kind and quality. Describes replacement parts that are of the same quality as the original prior to an accident. LKQ parts can be new, OEM replacement, or recycled parts.

Parts Car

A car dismantled into usable parts to be sold or reused.

Recycle Car

*The efficient, ecological disposal of inoperable motor vehicles and reclaiming reusable parts and components.

Remanufactured Parts

* Used hard parts that have been reconditioned to the same quality as new.

Salvage Yard

A facility which processes vehicles for salvage

Scrap Cars for Cash

A term commonly used by the public to describe a business which pays money for vehicles which have reached the end of their life and have little value for their hard parts and are therefore sold for the value of their metal contents.

Scrap Value

Similar to scrap prices - the worth of a vehicles metal contents

Totaled Vehicle

* A determination made by an insurance company when the cost of repair plus the salvage value is greater than the car’s Blue Book value.

We Buy Junk Cars

A term commonly used to locate a company which pays cash for junk and salvageable vehicles

 

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*Definitions courtesy of Automotive Recyclers Association -ARA 2008 Green Report