Welcome to the website of the British Vehicle Salvage Federation which is the representative body of the vehicle salvage industry in the United Kingdom. The members of the BVSF meet all statutory requirements and work to high standards laid down by the Federation which include adherence to the market wide vehicle salvage Code of Practice. The BVSF is recognised by all relevant Government departments and agencies, the Police, Insurers and other industry representative bodies with whom it has close links.
Silverlake have a stand at the 63rd Curdridge Country Show
Copart announces the acquisition of Hills Salvage & Recycling – The Green Parts Specialists.
To read more on this follow the link below.
The BVSF Summer 2022 e-Mag is now live
e2e joins the MGAA to provide salvage and automotive recycling services to members
Jane Pocock Recognised in Great Women in the British Car Industry Top 100
The full article is here
BVSF 2022 AGM & Seminar
This year saw the return of the BVSF AGM after a 2 year break due to the pandemic. Follow This Link to read more.
CMA launches investigation into recycling of cars and vans
The CMA has launched an investigation into suspected anti-competitive conduct in relation to the recycling of old or written-off vehicles. The Competition and Markets Authority (CMA) has reason to suspect anti-competitive behaviour has taken place involving a number of vehicle manufacturers, and some industry bodies. This conduct relates to arrangements for recycling old or written-off vehicles, specifically cars and vans, which are known in the industry as ‘end-of-life vehicles’ or ELVs.
ELVs are vehicles that are categorised as waste, generally due to age-related failure or accident, and regulation requires these vehicles to be disposed of in a sustainable way. Vehicle manufactures must offer their customers a free service for recycling ELVs, a service manufacturers often outsource to third parties.
The CMA is working closely with the European Commission, which has also launched an investigation into this matter today.
Following a period of investigation and information gathering, the CMA may issue a statement of objections if it comes to the provisional view that competition law has been infringed. At this stage, no assumptions should be made about whether competition law has been broken.
This investigation reflects the CMA’s commitment – outlined in its draft Annual Plan 2022 to 2023 – to prioritise promoting environmental sustainability through effective competitive markets.
Further detail of the CMA’s procedures in competition cases is available in its guidance, and any updates to this investigation will be made via the dedicated web page: Suspected anti-competitive conduct in relation to the recycling of end-of-life vehicles.
Wye Valley Group & Sigeric Ltd - supporting the people affected by the events in Ukraine.
"We all have many challenges ahead including the rising costs of fuel, energy, food and other materials but luckily as a group we are in a position to provide support where it is needed most, and therefore we are immediately donating £50,000 to help support the Ukrainians."
CMA clear IAA's acquisition of Synetiq Ltd.
This is to confirm that IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, to inform you that IAA today announced that the UK’s Competition and Markets Authority (“CMA”) has cleared IAA’s acquisition of SYNETIQ Ltd. (“SYNETIQ”), a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million. SYNETIQ is an environmental leader and sells parts from salvage vehicles which re-enter the automotive supply chain. SYNETIQ has 15 locations and approximately 500 employees throughout the UK.
John Kett, Chief Executive Officer and President of IAA, said, “We are thrilled to receive regulatory approval from the CMA and officially welcome the SYNETIQ team to IAA. This transaction will significantly expand IAA’s business and services in the United Kingdom, and we are excited to work together to meet our customers’ growing needs. SYNETIQ’s focus and expertise on green parts will be an excellent addition to our focus on sustainability in the UK and around the world. We look forward to moving forward with the integration process.”
Tom Rumboll, Chief Executive Officer of SYNETIQ, said, “We are proud to join IAA, a leading global digital marketplace with a significant international footprint. As a combined entity, our diversified portfolios and proven management teams will be tremendous assets as we work to make the vehicle salvage industry more sustainable. We are grateful to IAA for this opportunity and are excited about the long-term opportunities of our shared business.” The press release announcing the final regulatory approval may be found at https://www.iaai.com/Press-Releases/iaa-announces-final-uk-regulatory-approval-of-synetiq-acquisition
If you are a registered vehicle salvage company and you have been in business for at least one year you may apply to join the BVSF. Click on "Application" There are substantial benefits which can be obtained from membership. These include the following:
- Enhanced market status
- Increased contract prospects
- BVSF Special Insurance Facility (which could save you your membership fee)
- Fuel Card Facility (which could save you your membership fee)
- Special terms for the transportation of salvaged vehicle parts
- Recognition by leading authorities
- Free supply of BVSF salvage industry magazine.
You could enhance your status in the market by joining the BVSF. You would increase your prospects to obtain contracts from Insurers, local Authorities, Police and other sources of salvage vehicles. You would also receive an ongoing service of information of developments which might affect your business. You would have access to preferential parts distribution terms exclusive to BVSF members. There is also a specially negotiated Insurance Facility with excellent cover and attractive terms. All members receive a regular Update Newsletter and free copies of the exclusive BVSF Vehicle Salvage Professional quarterly magazine keeping you up to date on everything you need to know about vehicle salvage developments