MVDA

MVDA

Tuesday, 10 March 2015

$617 MILLION PER YEAR ILLEGAL AUTO RECYCLING MARKETPLACE IN THE USA

A recent blog article in the USA has illustrated the huge level of illegal vehicle dismantling activity in the USA.  We already know that there is a problem in the UK, with 600,000 vehicles disappearing every year, and it is currently estimated that in the EU 4-5 million vehicles go missing every year.  Clearly, this is a world-wide phenomenon.
The USA study took place 01/12/2013 – 01/03/2014.  Illegal auto parts sellers were defined as unlicensed operators advertising >10 parts.
This study results underline the significant economic implications for the USA, including:
  • estimated lost sales taxes of $27 million per year
  • significant portion of these parts probably associated with auto theft and/or insurance fraud

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