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LKQ North America partners with Tractable to accelerate auto parts recycling and distribution with artificial intelligence
LKQ North America, the leading provider of alternative vehicle parts, is now using Tractable’s Artificial Intelligence (“AI”) to accelerate and optimize the recycling of the salvage vehicles the Company procures across its North America segment.
The AI uses computer vision, a technology that allows algorithms to reason based on images, to assess the specific damage on each vehicle and determine which parts can be recycled and reused. Tractable’s AI has been trained on millions of historical examples and performs on par with human intelligence, increasing the level of consistency and accuracy.
Yogi Shivdasani, Vice President of North America Supply Chain at LKQ, said: “We are excited to be the first recycled parts provider to apply AI to the effective and efficient procurement of salvage vehicles. 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. Tractable further assists LKQ in delivering the right parts, to the right place, and at the right time.”
Alex Dalyac, Tractable co-founder and CEO, said: “Through this collaboration with LKQ North America, our technology is improving the value of parts recycling for the entire North American auto repair ecosystem. By finding reusable parts at scale and ensuring they are distributed more quickly, our technology is already having a positive impact on both the auto industry and the environment.”