SYNETIQ achieves the VRA UK Standard for Green Parts

The Vehicle Recycler’s Association has awarded SYNETIQ with the Stage 1 UK Standard for Reclaimed Parts from End-Of-Life Vehicles, following a two-part assessment at SYNETIQ’s Doncaster Head Office.

This new industry standard covers the removal, processing, and traceability of parts from damaged vehicles, ensuring they are safe for reuse. SYNETIQ supplies these ‘green parts’ to major fleets, Bodyshops, garages and private customers across the UK.

SYNETIQ sells original equipment (OE) non-safety related parts, such as collision panels, engines and gearboxes, through its parts procurement platform MyGreenFleet. Each part is graded from A to C, with any minor damage clearly highlighted. This quality control process is well established and means customers know exactly what to expect when ordering, with the item condition reflected in the price. The cashable saving from RRP can be as much as 75% when compared to new OE parts.

“We’re right behind this new VRA standard – it is a very positive step,” says Jason Cross, Client Relationship Director at SYNETIQ. ”We see it as being perfectly aligned with our vision: to lead the way in creating a vehicle recycling industry we can all be proud of. New, robust industry standards create a benchmark and inspire trust in the use of Green OE Parts. This can only help us and the insurance and fleet clients we serve.” 

While reusing vehicle parts was traditionally a price-led decision, more information is being revealed about the environmental benefits of use. Last month, SYNETIQ reported it has helped British Gas to save 120,000kg of CO2, simply by using recycled replacement doors instead of comparable brand-new OE.

Jason added: “We’ve been supplying green parts to the fleet industry since 2010, and we’re now undertaking several trials with major UK insurers for use in insurer funded repair. Attitudes are changing towards green parts, and we’re grateful to the VRA for their efforts to raise the standards further.”

 

News Release – 23-09-20

 

 

Copart UK embarks on ambitious growth programme

 

Global leader in online vehicle remarketing, Copart UK, are significantly increasing their vehicle storage capacity with an ambitious growth programme underway to allow strategic development and expansion across the UK.

In 2019, Copart celebrated the addition of a further 22 acres of land at their Bristol Operation Centre with an official opening ceremony. Now, with a further 23 acres in their ownership at this location, they are preparing for development and use later this year.

The company also recently acquired and secured planning permission for an expansion to their Operation Centre in York, adding a further 7 acres of land. This is being prepared for use towards the end of 2020, alongside a 5-acre expansion of their Wisbech Operation Centre.

These expansions, alongside continuous improvement at other UK Operation Centres, will provide storage for an additional 6,000 vehicles, increasing overall storage capacity by over 10% ahead of the coming winter.

With the continued support of Copart US, there are also further investment opportunities in the pipeline to potentially increase capacity with major new developments planned across the UK.

Simon Sheldon-Wilson, Director of Property, Security and Specialist Services, said:

“Our continued success means that our requirement for land continues to grow. We currently own over 537 acres – that's bigger than the entire country of Monaco - giving us the capacity to process around 60,000 vehicles at any one time. Our strategy for ongoing growth means we have embarked on an ambitious programme to identify, acquire and develop additional land for our business.”

The expansion of Copart’s existing Operation Centres is part of their dual strategy to both develop and acquire land to better serve their customers across the UK.

Phil Briggs, Director of Operation Centres, Transport & Engineering, said:

“It’s a very exciting time for Copart UK as we continue to grow in line with customer demand. Following the recent expansion of our logistics fleet, this significant investment into land acquisition and the extension and improvement of our existing Operation Centres will further strengthen our UK wide storage capacity, offering our customers the convenience of additional locations across the country and enabling us to continue providing the industry leading service they have come to expect.”

 

Copart UK was established in 2007 and handles over 400,000 vehicles each year through online auctions for a variety of customers including finance companies, banks, dealers, fleets, rental car companies and the insurance industry; as well as franchised, independent and wholesale motor traders. Members can choose salvage and non-salvage vehicles including agricultural and plant, HGVs, commercial vehicles, motorcycles and more; with thousands of vehicles available to bid on each day. Copart was founded in the USA in 1982; and has locations throughout Asia, North and South America, the Middle East and Europe, including 16 locations across the UK. Copart is listed on NASDAQ and is a member of Standard and Poor’s 500 index. In 2015, Copart was ranked at the top of Deloitte’s “The Exceptional 100” list of companies. In 2019, Copart UK was awarded with the prestigious CCA Global Standard Accreditation by the Customer Contact Association.

 SYNETIQ secures contract with Stocalfe Response

 The UK’s largest salvage and vehicle recycling company has announced a new partnership with Stocalfe Response, a provider of accident and fleet management services.

As part of the relationship, SYNETIQ will exclusively handle salvage vehicles involved in motor claims on behalf of Stocalfe Response. This agreement will provide Stocalfe Response with unrivalled returns for its total loss vehicles.

 

 

Steve Dodson, Client Relationship & Business Development Director, said: “I’m pleased to welcome Stocalfe Response as our newest client. We’ve worked closely with their team to make sure the transition was a smooth one and I’m delighted to report that everything’s working really well.”

Stocalfe Response is based in Warrington and offers a full management service, including credit hire and intervention hire. It works with a wide range of clients and customers; handling claims on vehicles ranging from small cars to HGVs.

 

 

Copart launches new vehicle grading system to boost buyer confidence

Leading online vehicle remarketing business Copart UK has launched its own stringent grading system to give buyers a clear and definable indication of a vehicle’s condition.

The move is designed to boost transparency of vehicle condition and to help Copart - whose customers include motor traders, fleets, rental car firms, finance companies and the insurance industry - to provide even more comprehensive vehicle information for its buyers. The new process involves a rigorous 50-point inspection by Copart’s AQP qualified engineers. They then apply a grade that reflects the condition of the external bodywork of the vehicle, ranging from Grade 1 for minor ‘wear and tear’ repairs, to Grade 5 where more substantial structural repairs are required.

Copart’s UK’s automotive sales director, Michael Stewart, said they had introduced the new grading to add value to the wide range of vehicles sold via their online auctions.

“This simple and transparent grading gives our buyers a clear, definable indication of the condition of the vehicle, so that they can buy with trust and confidence and we can achieve higher sales returns for our sellers,” he said.

“It also enables us to show the condition of these vehicles in-line with the wider used vehicle industry.” The new grading will only be applied to vehicles that are classified as “run and drive” – i.e. those where Copart has verified that the vehicle started, could be put into gear and was capable of moving forward under its own power – as well as having no previous damage category.

Copart’s grading system is based on the same principals and rating structure as the other leading industry standards for physical motor auctions but is tailored to fit their 100% online auctions.

The new system is designed to strengthen and complement Copart’s existing range of end-to-end engineering services, which includes physical on-site vehicle assessment, reports by ATA/VDA-qualified engineer using industry-recognised accident damaged estimating systems, valuation guides and the latest manufacture repair technology.

Copart’s strategy and automotive division director, Mark Godfrey, said: “The introduction of Vehicle Grading is part of our overall strategy to continually improve the information we provide on vehicles. This is just one of a comprehensive suite of changes that we are implementing to give our buyers complete transparency and provenance on the purchases they make in our online auctions.”