Supercharging auto salvage and recycling across North America
The world’s leading provider of alternative vehicle parts
Based in North America, LKQ Corporation is the world’s leading alternative and specialty auto parts provider with more than $12bn in annual revenue, and is a Fortune 500 company. Its customers are leading insurers and repairers across North America and Europe, with over 165 locations for its salvage and recycling business. For these customers, LKQ offers a broad range of OEM recycled and aftermarket parts, replacement systems, components and equipment, as well as technical services to repair and accessorize automobiles, trucks, recreational and performance vehicles.
“Tractable is far more advanced than anything else out there. They’re a great partner and dug in to understand the specific needs of our organization, and moved fast to take us all the way from initial testing to production at scale. Tractable is obsessed with positive results and realizing any ROI." Yogi Shivdasani, VP of North America Supply Chain, LKQ
Faster and more accurate assessment
Using Tractable Auto Inspector, LKQ is capable of assessing 10,000 salvage vehicles for sale each day, accurately determining the condition of their parts. It helps LKQ to quickly determine which cars have the least amount of damage and most usable panels to purchase for their inventory. LKQ has been able to deploy and fully scale Auto Inspector for millions of vehicles, rolling it out to thousands of employees across the globe. Since using Tractable Auto Inspector, LKQ’s staff accuracy has been boosted by approximately 8%, providing the business with a performance advantage. To date LKQ has recycled over 300,000 cars using Tractable's AI, which has improved the business’s inventory rates, the number of parts being recycled per vehicle, and is driving increased revenues and improved margins. “Tractable’s AI has enhanced our expertise with identifying high quality parts on salvage vehicles and to make sure those parts can be recycled and reused” confirms Shivdasani.