ABP Club (Auto Body Professional Club) recently released The 2019-20 UK Body Repair Industry Yearbook. A list of the Top 25 Salvage Companies of 2019 was included in the annual review.
From the chart shown, for yet another year, Copart UK Ltd are at the top and since the US company entered the market in 2007 their market share continues to grow. Copart UK Ltd and U-Pull-It (used parts) turnover is up by over £10m compared to 2018.
SYNETIQ is in 2nd Position after the merger between Motorhog and Car Transplants, together with FAB Recycling and DH Systems at the beginning of the year. Their combined turnover under the SYNETIQ banner is up £2.1m when compared to last year.
Recycling Lives move up from 5th to 3rd position seeing their turnover increase from £42.8m in 2018 to £66.1m in 2019. Charles Trent moves up two places from 6th to 4th position over the course of one year with their turnover seeing an increase of £5.1m. Likewise, Hills Salvage and Recycling Ltd (trading as The Green Parts Specialists), is seen positioned three places higher to 5th with a turnover increase of £7.3m.
In joint 5th, HBC Vehicle Services Ltd, who since the end of June 2019 have been owned by IAA, who separated from KAR Auction Services. IAA operates the pre-separation salvage businesses of KAR including Insurance Auto Auction Inc (US), Impact Auto Auction Ltd (Canada) and HBC Vehicle Services Ltd (UK).
From the information provided, it just shows how the growth is increasing by the efforts made throughout the industry and it is hoped that this is reflective in all businesses, whether large or small.
To see the UK Body Repair Industry Yearbook 2019-2020, click here