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e2e and ABP join forces to produce the e2e Reclaimed Parts Report
e2e Total Loss Vehicle Management, the UK’s unique, nationwide vehicle recycling network, is delighted to announce, that in association with the ABP Club, it has conducted research into the use of reclaimed parts by insurers and bodyshops. The e2e Reclaimed Parts Report will be published on the e2e website and Company LinkedIn page and distributed with the ABP Quarterly Magazine on April 4th.
Jim Loughran, CEO at e2e, commented:
Jim Loughran
“e2e provides insurers and bodyshops with access to the largest inventory of quality graded, warranty assured, provenance tested, OEM reclaimed parts in the UK; available from our nationwide network of vehicle recyclers, all of whom are certified to the VRA UK Standard for Reclaimed Parts. In 2022, our members re-invested £20,000,000+ into facilities and infrastructure supporting the supply of reclaimed parts, and our clients benefit from a return rate of <3%. We believe, for the reclaimed parts market to mature effectively and deliver maximum efficiencies and mutual benefits to insurers and bodyshops, the sourcing and supply process must be better integrated across all parties.
We have undertaken this research, in association with the ABP Club, in order to gain understanding and insight into the processes and decision-making behind the use of reclaimed parts for insurers and bodyshops. In asking the questions, and listening to what works well and what creates challenges; we can inform our thinking and continue to evolve our proposition to ensure that, as a network, we deliver a next-generation service that truly responds to market needs.”
David Cresswell, Chairman of the ABP Club, said:
David Cresswell
“The accident repair industry has seen a huge growth in the use of reclaimed parts, as shown in the recent 2022 ABP State of the Industry Report: 79% of bodyshops now fit them, and 74% told us that the volume fitted had increased in the last 12 months.
Gaining a deeper insight into all aspects of reclaimed parts from our bodyshop and insurer members is something we see as being vital in ensuring this continued growth in their use. Understanding the benefits, and challenges of reclaimed parts in the accident repair industry and sharing this information with everyone will hopefully help to shape the way this important element of the repair process is managed in the future.”
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Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation.
Turning into a circular business and the importance of vehicle reuse and recycling.
The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.
e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts.
The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.
The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership.