Salvage/Junk Vehicles

1
Salvage/Junk Vehicles
Salvage/Junk Vehicles
2
Discussion on how states work to ensure the safety of passengers in
these vehicles, pedestrians, and other road users and creating
environments that promote consistent registration and titling
practices.
FACILITATOR:
Cathie Curtis, Director, Vehicle Programs, AAMVA
PRESENTERS:
Robert Worle, Program Manager, Motor Vehicle Division, Georgia
Department of Revenue
Steve Levetan, Executive Vice President, Pull-A-Part, LLC
Sharon B. Madison, Deputy Director, Customer Service Delivery, South
Carolina Dept. of Motor Vehicles
Jerry Sullivan, Vice President, Strategic Consulting Services, Copart,
Inc.
State of Georgia Salvage Process
Salvage Vehicles
• Two(2) or more major component parts
replaced. What are major component parts?
• Payment of a “Total Loss” Claim
• Exclusions are - Trailers, Mobile Homes, 1985
and Older Year Model Vehicles
• An Imported Vehicle Damaged In Shipment
Salvage Vehicles
Owner Retains Vehicle - Payment of a “Total
Loss” Claim
• Title/MSO is available
• Title is held by the lien or security interest
holder
• The title is lost
Salvage Vehicles
License Plates
• If the owner retains the vehicle the license
plate must be surrendered to the county. This
does not apply to specialty or prestige plates.
• If the insurance company retains the vehicle,
the owner keeps their plate.
The owner can keep either the tag or the
vehicle, not both except for specialty or
prestige plates.
Salvage Vehicles
Owner Retains Vehicle – Less then Ten(10) Years
Old
Insurance Company’s Responsibilities:
• Notice to Owner - Payment of a Total Loss
Claim (T-56 Form)
• Report of and or Surrender of License
Plate (T-158 Form)
Salvage Vehicles
Owner Retains Vehicle – Ten (10) Years Old
Vehicle Owner’s Responsibility:
The owner should make application for a
Salvage title within thirty(30) days from the date
of the settlement.
Salvage Vehicles
Insurance Company Retains Vehicle Upon the
Payment of a “Total Loss” Claim
• Salvage Title Application(MV-1S Form)
• Title Assigned to Insurance Company(POA if
applicable)
• $18 Application
$75 State Title Ad Valorem Tax Fee – 1% of
Fair Market Value determined by DOR
Salvage Vehicles
Flood/Fire Damaged
• The procedures for applying for a title for a
flood/fire damaged vehicle are the same as
making application for a “salvage” title.
• A letter from the insurance company must
indicate a request for title for a flood/fire
damaged vehicle.
Rebuilt Vehicles
Title Application
Salvage/Rebuilt Title
Labor and Parts Certification(T-129 Form)
Request for Inspection(T-22R Form)
Bills of Sale
Photos
Used Motor Vehicle Parts Dealer Rebuilders
License
• Inspection Report & Inspector’s Registration
• Application Fee, State Fee, State and Local
TAVT
•
•
•
•
•
•
•
Titles Cancelled for Parts/Scrap
For vehicles where the owner possesses the
certificate of title:
1. Write “Cancel” in ink across the face of the
title prior to delivering the vehicle to
recycler/processor/used parts dealer
2. Recycler/processor/dealer must remit title to
the Department within 72 hours
Titles Cancelled for Parts/Scrap
If the owner has not obtained a title or the title
is lost the owner must certify and verified by
receiving entity:
• There are no security interests or liens
• The title is unavailable
• The vehicle is 12 model years old or older
• Worth less than $850.00 or $1,700 for trailer
• The vehicle will be dismantled or scrapped
• Must indicate receiving entity’s NMVTIS ID
number
Titles Cancelled for Parts/Scrap
HB 872 passed during the 2012 Georgia General
Assembly:
• The Department shall provide a mechanism for
the for receipt of information electronically
• No cost to the receiving entity
• Data reported to NMVTIS by the Department
which satisfies federal requirement of entity
Titles Cancelled for Parts/Scrap
Since inception in 2013:
• 196 Unique entities reporting
• 528,390 reported records
• Simplification of State process
• Significant reduction of DOR lead time
For More Information
Contact:
Robert Worle,
Program Manager
Georgia Department of Revenue
[email protected]
Definition of a Salvage Vehicle
• Vehicle damaged to the extent that its
restoration would require the replacement of
two of more major component parts:
• Front Clip Assembly (fenders, hood and bumper)
• Rear Clip Assembly (quarter panels, floor panel
assembly, and roof assembly)
• Engine and transmission
• Frame
• Complete side (fenders, door, and quarter panel)
Definition of a Salvage Vehicle
• Payment of a “Total Loss” Claim
• An Imported Vehicle Damaged In Shipment
• Exclusions: Trailers, Mobile Homes, 1985 and
Older Year Model Vehicles
Salvage Vehicles
Owner Retains Vehicle - Payment of a “Total
Loss” Claim
• Title/MSO is available
• Title is held by the lien or security interest
holder
• The title is lost
Salvage Vehicles
License Plates
• If the owner retains the vehicle the license
plate must be surrendered to the county. This
does not apply to specialty or prestige plates.
• If the insurance company retains the vehicle,
the owner keeps their plate.
The owner can keep either the tag or the
vehicle, not both except for specialty or
prestige plates.
Salvage Vehicles
Owner Retains Vehicle – Less then Ten(10) Years
Old
Insurance Company’s Responsibilities:
• Notice to Owner - Payment of a Total Loss
Claim (T-56 Form)
• Report of and or Surrender of License
Plate (T-158 Form)
Salvage Vehicles
Owner Retains Vehicle – Ten (10) Years Old
Vehicle Owner’s Responsibility:
The owner should make application for a
Salvage title within thirty(30) days from the date
of the settlement.
Salvage Vehicles
Insurance Company Retains Vehicle Upon the
Payment of a “Total Loss” Claim
• Salvage Title Application(MV-1S Form)
• Title Assigned to Insurance Company(POA if
applicable)
• $18 Application
$75 State Title Ad Valorem Tax Fee – 1% of
Fair Market Value determined by DOR
Salvage Vehicles
Flood/Fire Damaged
• The procedures for applying for a title for a
flood/fire damaged vehicle are the same as
making application for a “salvage” title.
• A letter from the insurance company must
indicate a request for title for a flood/fire
damaged vehicle.
Rebuilt Vehicles
Title Application
Salvage/Rebuilt Title
Labor and Parts Certification(T-129 Form)
Request for Inspection(T-22R Form)
Bills of Sale
Photos
Used Motor Vehicle Parts Dealer Rebuilders
License
• Inspection Report & Inspector’s Registration
• Application Fee, State Fee, State and Local
TAVT
•
•
•
•
•
•
•
Titles Cancelled for Parts/Scrap
For vehicles where the owner possesses the
certificate of title:
1. Write “Cancel” in ink across the face of the
title prior to delivering the vehicle to
recycler/processor/used parts dealer
2. Recycler/processor/dealer must remit title to
the Department within 72 hours
Titles Cancelled for Parts/Scrap
If the owner has not obtained a title or the title
is lost the owner must certify and verified by
receiving entity:
• There are no security interests or liens
• The title is unavailable
• The vehicle is 12 model years old or older
• Worth less than $850.00 or $1,700 for trailer
• The vehicle will be dismantled or scrapped
• Must indicate receiving entity’s NMVTIS ID
number
Titles Cancelled for Parts/Scrap
HB 872 passed during the 2012 Georgia General
Assembly:
• The Department shall provide a mechanism for
the for receipt of information electronically
• No cost to the receiving entity
• Data reported to NMVTIS by the Department
which satisfies federal requirement of entity
Titles Cancelled for Parts/Scrap
Since inception in 2013:
• 196 Unique entities reporting
• 283,047 reported records
• Simplification of State process
• Significant reduction of DOR lead time
For More Information
Contact:
Robert Worle,
Program Manager
Georgia Department of Revenue
[email protected]
A Different Approach to State
Laws Dealing with End-of-Life
Vehicles, Titles, and NMVTIS
Steve Levetan
Executive Vice President
Millions of cars reach the end of
their life, every year.
•
•
•
•
•
Where do they come from?
Where do they go?
How do they get there?
How do we know?
How can we cooperatively facilitate
their transition to their “after-life?”
Quick Photo Tour
We’re not what you think…
26 Locations*
*and growing!
Do-It-Yourself
Inbound Vehicles
Please feel free to visit us, anytime
End of Life Vehicles
• Up to 14 million vehicles scrapped in US annually
•
Hundreds of Thousands of cars scrapped in each
State (Many still unaccounted for)
• Sources – Two major categories:
Late Model
Older “End-of-Life” or “Junk”
Disposition
 Late Model
 Insurance Salvage (accident) Vehicles
• Typically sold through auctions
(“salvage pools” CoPart / IAA) to:
• Full Service Auto Recyclers
• Self Service Auto Recyclers

End-of-Life (10+ years old)
• Used Parts Recyclers (full and self service)
• Scrap Recyclers / crushers
• Shredders
Auto Parts Recycler (Salvage/Dismantler) –
Full Service Sector
• Buys cars primarily from Salvage Pools, but also from
other sources – Most with Salvage Title
• Stores vehicles for later parts removal
Inventory may be whole/damaged cars, or
• Dismantles vehicles, removing salable parts
Inventory consists of parts ready for sale
• Sells to individuals, body shops, garages, internet
Often networked inventory
• Ultimately, remainder of vehicle is crushed/sold to
Shredder for scrap
Auto Parts Recycler (Salvage/Dismantler) –
Self Serve Sector (U-Pull-It) / Pull-A-Part®
• Vehicles purchased from a variety of sources
• Vehicles typically older, end-of-life (as opposed to
Insurance salvage) – Much Lower Value (Scrap)
• Vehicles rarely (if ever) resold as vehicles
• Customers are individuals, body shops and garages
Caters to do-it-yourself market
• After parts removed, vehicles typically crushed
• Crushed vehicles sold to shredders, as scrap
Scrap Recyclers/Shredders
• Every End-of-Life vehicle ultimately
ends up at a Shredder
• May or may not go to Parts Recycler first
• May or may not go to a Scrap
Recycler/Crusher first
• Often crushed or shredded shortly after
receipt

Why?
• Since these vehicles are purchased for scrap
value only, there is no care taken in
unloading/storage
Scrap Recyclers vs. Parts
Recyclers
• Parts Recycler purchases for value of parts
plus scrap
• Scrap Recycler purchases for scrap value
only
• Both may buy “whole cars” and that purchase
must be treated the same under the law
• Crushed cars (mechanically flattened) are no
longer “motor vehicles”
• Why are cars “flattened?”
• Watch for “cross-over” between industries
NMVTIS – Applicable to both parts and
scrap recyclers
Part of the Anti-Car Theft Act of 1992
Promptly Implemented by DOJ in 2009
(after Court Order)
Rules were quickly implemented
NMVTIS is a National Title Data Base To combat:
Title Fraud (Title Washing)
Auto Theft
Vin Cloning
Consumer Fraud
Odometer Fraud
National Motor Vehicle Title Information
System – NMVTIS
A “simple” system
State Laws Regarding EOL Vehicles
Theory
Every car should always have a title
Reality
Often not the case with older, end of life cars
lost, misplaced, traded/sold multiple times
Owner will not go through process to get a title
(if they can) to then sell for scrap price
Alternative
Create lawful mechanism for sale of these cars
for scrap or parts only, to legitimate parts or scrap
recyclers, providing clear paper trail for LE and
DMV, or…
State Laws Regarding EOL Vehicles
Other Alternative:
Cars sold illegally – “crusher” or chop shop
(no record to cancel title or assist LE)
Sell out of state (same problem as above)
Leave sitting in yard (nuisance, or worse)
Abandon on public property or private property
(costs taxpayer or private property owner)
State Laws Regarding EOL Vehicles
Solution:
Create legitimate means of sale
Affidavit in lieu of title
NY – many years ago
8 year and older and value less than $1,200
affidavit sent to the State to cancel title
Approach now copied in many states with variations
GA, FL, AL, TN, LA, MS, NC, SC, IA
Some work better than others
Does not lead to increased theft of older vehicles
State Laws Regarding EOL Vehicles Examples
NC G.S. 20-62.1 (amended in 2013)
Applicable to cars 10 years old and older
only for scrap or parts and only by
secondary metals recycler or salvage yard
Affidavit (includes info on seller, buyer, and vehicle
and copy of seller’s drivers license/ID
Records retained by recycler
Online stolen check at time of purchase – provides
info to State
There Must be Consequences
Falsification of records (by buyer or seller) is crime
1st offense misdemeanor, then felony
Enforcement tool – Tow Truck subject to forfeiture
NC Results December, 2013 – May, 2016
29 Months
5
Monthly
#
Monthly %
Dec.
2015 Present
#
29
10
19
18
12
6
Monthly %
34%
66%
62%
41%
21%
124
57
67
85
64
21
46%
54%
69%
52%
17%
425
570
592
210
79
43%
57%
59%
21%
8%
Vehicles Crushed Prior to Identification
11
38%
*False Positive Hits
0
0%
**Purged Thefts
0
0%
Under Investigation
0
0%
Charges
3
10%
Vehicles Entered Into The System
32
0
0
6
8
26%
0%
0%
5%
6%
311
45
9
88
165
31%
5%
1%
9%
17%
Total Hits
Hits At The Time Of Purchase
Delayed Hits
Total Recovered Vehicles
L&T Bureau Recovered Vehicles
Other Agency Recovered Vehicles
Dec-15
6,079
Jan-16
6,852
Dec-15
Jan-16
551
551
Dec.
2015 Present
%
Dec. 2013
Present
#
995
Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16
7,277 9,621 7,277 16,493
Total Vehicles Entered Since December 1,
2013
355,327
Number Of Businesses Registered
Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16
Total
551
554
555
556
Dec. 2013
- Present
%
Total
53,599
556
Less
Than
3 hits
Per
1,000
Cars
reported
State Laws Regarding EOL Vehicles
Georgia 40-3-36, O.C.G.A.
•
Amended in 2011 and 2012
• Applicable to cars and trailers 12 years old and older
only for scrap or parts and only by secondary
metals recycler or Used Motor Vehicle Parts Dealer
• Value $850 or less than $1,700 if a trailer
• Signed Statement includes info on seller, buyer, and
vehicle and copy of seller’s drivers license/ID – must
include buyer’s NMVTIS ID number
• Title sent to the State within 72 hours
• Falsification of records (by buyer or seller) is felony
Additional Changes in Georgia
 Reporting – in 2011, Georgia became first State in US to
require reporting of all NMVTIS data electronically to
the State to create database for LE, and then require MVD
to report the data to NMVTIS on behalf of Scrap/Parts
purchaser (“JSI”)
 Innovative implementation by State –
Contract with Auto Data Direct (ADD)
 ADD did all system development
 Scrap/Parts Recyclers electronically report to ADD
within 48 hours, at no cost
 ADD sends info to State for title cancellation and to
NMVTIS to comply with Federal requirements
Newest Benefit in Georgia
• DOR/GBI will check each car reported daily against Stolen (NCIC)
• Cars will continue to be checked for “late hits”
• Reporting LE agency (ORI) will be notified, in addition to reporting
Recycler
• Benefit to every agency as no longer necessary to check
individual cars against NMVTIS – fully automated
• Also, ADD will check for duplicate reports for same VIN as
“scrapped” (VIN fraud – more on this later)
• ADD providing list of reporting entities to LE
• ADD providing list of VINs reported by Recycler for purpose
of audits and online access to data
Tennessee
HB 1043 passed in 2015 – Implementation July 1, 2016
 Continues ability to buy cars 12 years and older without
title
 Consensus bill (State/Industry/LE) – Adds important
provisions:
 Mandates reporting of junk/salvage/scrap vehicles to
State
 Requires State to report information to NMVTIS on
behalf of scrap or auto recycler
 Adds substantial penalties for non-compliance,
enforceable by State or local LE (with split of penalties
between State and Local agencies)
 State to do online stolen check (like NC and AL)
 State is contracting with ADD to develop and operate
system (like GA) – on target for July 1 launch
Alabama
 Allows purchase of cars 12 years and older without title
 Must be entered into real-time online system to verify not
stolen and no liens
 System prints statement for seller to sign
 State cancels title
 Must have NMVTIS ID to use system, but currently State
does not report to NMVTIS on behalf of recycler
 Caused confusion – State has all necessary information to
report
 State has indicated that they are willing and able to
report
 Still in discussion/negotiation with NMVTIS operator
Other States Similar Laws
 South Carolina
 New York
 Mississippi
 Indiana
 Louisiana
 Tennessee
 Alabama
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Bottom Line?
• Only 1/3 of cars Scrapped/Salvaged go through
“traditional” Salvage Auctions
• Up to 8 million cars each year
scrapped/salvaged as “end-of-life”
• We must capture data on these vehicles
• “de-title”
• Law Enforcement (stolen check and VIN
Cloning)
• State Laws we’ve discussed WORK
• Higher Compliance
• Electronic Data Transfer – State/NMVTIS
Next Steps?
States and Recycling Industry should work together to:
• Make NMVTIS reporting a State level requirement
• Single report – for both State and NMVTIS
• Tie to licensing/affidavits
• Enforceable at State level – It Works!
• Ease of Use of NMVTIS for LE
Shorten reporting time (from current 30 days)
• Electronic reporting to State as recently added in GA
AL, TN and NC
• More useful/timely information
• Eliminate dual reporting (State/Federal)
Improve Communication –
Ongoing State/Local Task Force w/ Industry
For More Information
Contact:
South Carolina
Salvage Title Program
------Sharon B. Madison, Deputy Director,
Customer Service Delivery, South Carolina
Dept. of Motor Vehicles
Total Loss Vehicles in South Carolina
By law, any vehicle that sustains a loss of 75% or more of
the fair market value MUST be declared a total loss.
Vehicle Fair Market Value =
$20,000
Cost to repair including
parts and labor = $15,000
Percentage Damage =
$15,000/$20,000 =
75%
Total Loss Vehicles
Insurance companies may CHOOSE to declare a vehicle a total loss if it has
sustained less than 75% of the fair market value or if the fair market value
of the vehicle was less than $2,000 by submitting a written request in
addition to other required documents.
Vehicle Fair Market Value =
$45,000
Percentage Damage =
$25,000/$45,000
$44%
Written Request Required
Cost to repair including parts
and labor = $25,000
Salvage Brands
All Vehicles declared a total loss are branded as
“salvage” unless:
• The vehicle is marked non-rebuildable; or
• The vehicle has been damaged less than 75% and has
not sustained water or fire damage; or
• The value of the vehicle is less than $2,000; or
• The vehicle has been titled as an antique vehicle.
Rebuildable Vehicles
If the vehicle is rebuildable – that is, it can be repaired
for legal and safe operation – the Department will issue
a new title with the appropriate salvage brand.
Non-Rebuildable Vehicles
If the vehicle is nonrebuildable – that is, it
cannot be repaired for safe
and legal operation – the
Department will junk the
title or issue a Red nonrebuildable title.
SC Salvage Brands
South Carolina has five (5) different salvage brands
(other than Salvage Non-Rebuildable) that can be
applied to vehicle titles:
• Salvage
• Salvage Rebuilt
• Salvage Non-Removable
• Salvage Fire
• Salvage Water
Salvage Rebuilt to Salvage Again
Original Vehicle
Repaired – Salvage Rebuilt
After first wreck -- Salvage
Wrecked again – Salvage Water
Salvage Non-Removable
The Salvage Non-Removable brand is used when a vehicle
that has a Salvage title is transferred from the insurance
company to a new owner and the owner has not presented
proper information indicating the vehicle has been repaired
and inspected. This brand is carried forward to all subsequent
titles.
Also, titles received from out of state that have a “salvage”
brand should be marked salvage non-removable. In addition,
out of state titles branded “salvage rebuildable” will be
assigned a salvage non-removable brand.
Salvage to Salvage Non-Removable
Mary wrecked her brand new Lexus. The
insurance company paid her off and titled
in their name – SALVAGE.
The vehicle is repaired and sold through auction
to a dealership who sells the vehicle to John –
SALVAGE NON-REMOVABLE.
Antique Vehicles
If an antique vehicle meets the requirements to
be designated as antique, the customer must
surrender title to SCDMV so that the Antique
legend can be added to the title.
As long as the title carries the antique legend
prior to damage, the antique vehicle is exempt
from the salvage law.
1000-Year Flood Impact – Salvage Titles
2015-2016
2014-2015
8000
7591
7359
7000
6221
6000
5898
5858
5181
5000
5261
4895
4647
4532
4487
4267
4125
4000
4849
4608
3636
3595
3275
3000
2994
2576
2399
2316
2000
1000
0
July
August
Septembetr
October
November
December
January
February
March
April
May
June
86
1000-Year Flood Impact – Salvage Non-Rebuildable Titles
Salvage Non-Rebuildable Titles
FY15
FY16
1200
1006
1000
800
763
600
512
483
400
256
200
185
132
185
292
239
247
156
171
165
169
254
190
160
207
149
129
122
0
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15
Jun-15
For More Information
Contact:
Sharon B. Madison, Deputy Director
(803) 896-4862
Salvage Auction’s partnership with NMVTIS
Copart
Germany
Founded in 1982; Over 200 locations
worldwide; 4,000 employees; 2 million
vehicles sold annually; NASDAQ: CPRT; Good
Community Partner- Members of IAATI,
NOTFEA, IACP, NAMVBC, AAMVA
UK
Spain
Brazil
UAE
Canada
90
Key Elements in NMVTIS reporting:
• Salvage Brand Carry Forward (Eliminates Title Washing)
• NMVTIS Definitions (Salvage, Junk, Total Loss)
• JSI Database
• Exempted Vehicles (Motorcycles; Heavy Trucks, etc.)
• Inclusion based on process not physical condition
91
What Causes Over Reporting?
• Auctions being designated a Junk and Salvage
yard.
o Forced to Report within 30 days
o Must Report non-end of life vehicles
• Contradictory definition of “Salvage Vehicle” with all
state salvage definitions.
• Report any Total Losses.
• $1,000 fine per vehicle.
92
2004 Toyota Siena
VIN
Seller
Copart Lot #
Year
Make
Model
Title
Odom
Primary
Damage
Secondary
Damage
Run/Drive
5TDZA23C84S194253
Insurance
22407094
2004
Toyota
Siena
Clear
In Op
Front
Minor- D&S
N
NMVTIS
Pick Up State
Eventual Disposition
Appraisal
Reported
MN
Repaired
$ 4,097.04
ACV
$
6,800
Best Guess Salvage Value
$
4,000
Salvage Per State “Salvage Automobile” Per
Definition
NMVTIS Definition
N
Y-119.1%
93
2002 Infiniti I35
VIN
Seller
Copart Lot #
Year
Make
Model
Title
JNKDA31A52T005914
Insurance
28594912
2002
Infiniti
I35
Clear- MA
NMVTIS
Pick Up State
Disposition
Appraisal
Reported
MA
Sold
$ 8,674.00
ACV
$
6,875
Odom
99,114
Auction Sale Price
$
1,650
Primary
Damage
Secondary
Damage
Run/Drive
Mechan.
Side
N
Salvage Per State
Definition
Salvage Automobile” Per
NMVTIS Definition
N
150.2%
94
Under Reporting:
How do salvage vehicles not get reported?
• No 1st party (collision) coverage & 3rd Party Claims
• Not processed through a salvage auction (owner
retains).
• Lack of participation by some industries.
• Insurance only required to report first five model years.
• Education of John Q Public
95
Estimated Reporting Compliance to NMVTIS:
• Insurance Companies
> 90%
• Salvage Auctions
> 90%
• Recyclers
< 40%
• Towing Operators< 20%
96
2007 Dodge Dakota
Labor
Parts
Additional
Total
Retail Estimate
$ 4,332.10
$ 5,711.13
$
990.30
$ 11,033.53
Rebuilder Estimate
$ 1,752.50
$ 2,673.95
$
293.37
$
4,429.82
Pct. Of
Retail
Estimate
Salvage Per
NMVTIS
Definition
Estimate
Amount
Salvage
Value
$ 11,274.00
$ 11,033.53
$ 3,382.20
127.9%
Yes
97.9%
No
40.1% $ 11,274.00
$ 4,429.82
$ 3,382.20
69.3%
No
39.3%
No
ACV
Pct.
Pct.
Salvage PerState Disclosure
97
Non Repairable Salvage Brand- 2011 Ford Escape
Percentage of Damage = 85.7%
98
Older Clean Title Total Losses- 2004 Lincoln Aviator
ACV
Estimate
Amount
$ 7,088.00
$ 2,900.00
Salvage Value
Salvage Per
NMVTIS
Definition
Salvage Per- State
Disclosure
$ 4,500.00
Yes
No
99
Non-Insurance Damaged Vehicles- 2004 Nissan Murano
VIN
Seller
Copart Lot #
Year
Make
Model
Title
JN8AZ08W44W339984
Dealer
30889114
2004
Nissan
Murano
Clear- CT
NMVTIS
Pick Up State
Disposition
Reported
WV
Sold
Appraisal
$
5,200
ACV
$
8,190
Odom
137,234
Auction Sale Price
$
2,200
Primary
Damage
Secondary
Damage
Run/Drive
Front
Minor- D&S
Y
Salvage Per State “Salvage Automobile” Per
Definition
NMVTIS Definition
N
N
Additional Considerations:
• déjà vu from Car-Fax early days
• Conflict with State AG offices over compliance with state
salvage laws.
101
Working with State DMV’s
A: by statute
B: An economic decision
C: Opportunity to avoid future liability
D: All of the above
102
Facilitating NMVTIS ComplianceAuction Buyers
• Rules clearly outlined in Terms and Conditions.
• Guidance at the branch and corporate level.
• Full cooperation with State and Federal regulators
and law enforcement.
• Priority remains full and accurate compliance for
ourselves and our insurance customers.
• Focus on the car and the event, not on the method in
which it was handled.
• Jerry Sullivan
Questions