Are excessive auction fees eating away at your profits? Meet the company that's challenging the status quo in salvage vehicle sourcing and putting more money back in recyclers' pockets.
When Dan Oscarson walks into a recycling yard and mentions Salvato Auctions' business model, he typically gets two reactions: "You guys must be crazy" immediately followed by "I hope you succeed." After three decades in the industry, including years at IAA, Dan understands why. The salvage auction marketplace has operated as an unchallenged duopoly for too long, with fees steadily climbing to 25-30% of vehicle purchase prices.
Salvato Auctions represents a fresh approach – selling insurance vehicles where they sit through a decentralized model that eliminates unnecessary transportation costs and vehicle handling. This streamlined process allows them to guarantee 20-40% lower buyer fees while providing the same quality insurance vehicles recyclers need. Their timed auction format with proxy bidding ends the inefficient practice of monitoring multiple screens all day waiting for vehicles to come up for bid.
For smaller recyclers especially, this model could be transformative. The ability to secure inventory without the burden of excessive fees creates an opportunity to compete more effectively with larger operations and consolidators. With digital titles appearing in buyer dashboards within hours of sale and a simplified fee structure, Salvato is addressing the pain points recyclers have endured for years.
While currently operating in Texas, Salvato aims to expand nationwide as more insurance companies embrace their model. The company invites recyclers to participate in their growth by registering at salvatoauctions.com/URG, where URG members receive a $100 account credit. Supporting this initiative means contributing to more competition in the marketplace and potentially reshaping how the industry sources vehicles for years to come.
