On the other side of the auction market (from whole) are “salvage” units.  So when a bad driver slams into someone at 100 miles an hour and “totals” the vehicle, it is considered a “salvage” vehicle.  Usually the vehicle gets sent to the junk yard, broken up into parts, and then used at body shops in fixing “salvageable” vehicles. 

But what junk yard does the vehicle end up at?  LKQ  Corp (stands for Like Kind Quality) is the only publicly traded company with salvage facilities.  LKQ buys some of these wrecked vehicles directly from the insurance companies (that now lay claim to this “totaled” vehicle.)  But most of th ...

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LKQ Corp.