Salvage solutions

CVS uses an internet based bidding room for disposal of salvage, where vehicle images are posted onto salvage website and viewed by registered dealers for salvage auctioning. Bids are attracted and the highest accepted – optimising the price obtained for salvage, with bids consistently achieving revenue over the estimated salvage value (based on category b,c,d vehicles).

Benefits can include:

• Financial returns – Cat C/D/X combined – 38.26% which is approximately 6 to 7% more than offered by individual salvage dealer proposals
• Transparent viewing at the touch of a button
• Wider market, wider choice
• Contract in place with all salvage agents using the system
• Salvage agents are audited at least twice per year to ensure conformance