Global leader in online vehicle remarketing and recycling, Copart UK, has welcomed the recent findings of the 12th annual ABP State of the Industry Report, which reflects the ongoing increase in demand for Green Parts.
Copart plays a prominent role in promoting the economic and environmental benefits of vehicle recycling and parts dismantling through its vehicle remarketing and recycling services.
Copart positively recognises the fact that the ABP’s Industry report clearly illustrates the continued year-on-year growth in, and demand for Green Parts.
With 79% of respondents stating that they have fitted Green Parts, Copart welcomes the fact that Green Parts have moved into the mainstream as a viable solution for the sector.
Given the rise in usage, Copart also believes that the report clearly demonstrates how seriously organisations in this sector are taking the climate crisis and committing to reduce, reuse, and recycle by adopting and supporting the growth of Green Parts as part of their wider ESG strategies.
Collectively, as an industry, the day-one issues are being solved at pace, with provenance, quality, and supply now less problematic. As the report suggests, this progress has now moved Green Parts from the sidelines to front and centre.
Copart considers viable and scalable Green Parts vital for the repair industry, offering a pragmatic and environmental solution given the ongoing supply chain issues and parts demand.
The report also re-enforces the reality of ongoing supply chain issues as it demonstrates a significant year-on-year rise, in percentage terms, that the key drivers when deciding to use Green Parts are parts availability and timescales.
Clearly, these issues impact both the Policy Holder and the Insurer in terms of time and money associated with a repair but are solved through the availability of robust green parts services in the market.
The other key fact highlighted in the report is that although Green Parts are suitable for many repairs, Green Parts are not suitable for all.
When it comes to safety, there is no compromise, and the report does illustrate that in some cases, Green Parts are not the answer. As a key supplier in this sector, Copart believes that increasing the availability of viable, quality-assured Green Parts across the industry has huge benefits in the short, medium, and long term.
Copart is at the forefront of upcycling and recycling vehicles, and, with extensive reach through its worldwide auction platform, supports the continued growth in the global circular economy by offering widespread access to Green Parts.
Jane Pocock, CEO of Copart UK & Ireland, said:
“The ABP State of the Industry Report clearly reflects an ongoing demand for green parts where provenance and quality are paramount. As a key supplier, we recognise the need to help all our customer groups access Green Parts, and we are proud to be an enabler of the Green Parts revolution!”