Archive for October, 2008

The rest of the world better watch out because SalavgeCarFinder has big plans to go worldwide, that may be able to offer salvage cars from country to country.  The first project will be the biggest as we take on the Auto Salvage market in the USA with our new site AutoSalvageFinder.  If you think the salvage market is big in the UK, you need to see the USA market, it is just huge.

There are 50 States out there that have their own system for dealing with insurance write offs, that are auctioned off in a similar way to the UK, but in higher volumes and up to now we have not seen a one stop shop for all these salvage auctions.

The new salvage site will probably start off in the State Florida and then expand throughout, with every American Make and model listed on the site, there will be damaged repairable cars, but also a chance of vehicles that cannot go back on the road in the USA, but must be sold for export, this could be a new whole market and opportunity for those who do believe then can repair these cars. Especially when the currency exchange rate is on your side, making it cheaper to repair outside of the USA, than across the pond.

So if you are looking for American model salvage auction, watch this space.

We are all feeling the pinch at the moment and not sure about taking out finance or to consider buying big purchases. New car sales were down 20% this last new registration, compared to last year. But one area we are not seeing a downturn in, is the interest in insurance write offs and damage repairable cars.

In fact there is an argument that the recession id fuelling the demand for car salvage because of the savings that can be had from buying and repairing these cars. The internet has made the , process much easier than ever before, with several photographs showing the damage of these vehicles, so you can cost the value of repairing the car and getting it back on the road.

Insurance companies need to clear these cars quickly to get their cash flow back to cover other insurance write off claims, so there are no showroom staff cleaning or repairing anything on these cars, to make them appear as of they are worth more. You see these insurance write offs normally as they came in the yard, good and bad. The aim is to get the cars back out of the yard as quickly as possible. The aim of SalvageCarFinder is to put everyone in touch with these cars and provide a platform to buy these damaged repairable vehicles.