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Green Parts International, Inc. (GNPT) |
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Green Parts International's Suppliers Performance
GNPT's Supply Chain
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GNPT Costs vs Sales of Suppliers Growth |
Green Parts International's cost of sales deteriorated by 0 % year on year, relative to one quarter ago cost of sales fell by -41.76 % in Q3.
• More on GNPT Suppliers
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Green Parts International's cost of sales deteriorated by 0 % year on year, compare to one quarter ago cost of sales fell by -41.76 % in Q3.
• More on GNPT Suppliers
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News about Green Parts International, Inc. Contracts |
Green Parts International's Comment on Supply Chain
The primary suppliers of salvage vehicles for the automotive recycling industry
are insurance companies. After an automobile accident, adjusters representing
the insurance provider estimate the cost of repairing the vehicle and gather
information to estimate the vehicle’s pre-loss value. If the cost to repair
is greater than the pre-loss value minus the estimated salvage value, the vehicle
is classified as a total loss (“totaled”). The insurance carrier
then settles with the owner of the totaled vehicle, receives title to the vehicle
and either assigns the vehicle to a salvage vehicle auction company or sells
it directly to a reseller or a dismantler.
Other suppliers of salvage vehicles include automobile rental companies, vehicle
leasing companies and financial institutions. Rental and leasing companies supply
vehicles that have either been damaged or have exceeded an internally-determined
mileage limit or age. Financial institutions such as banks and other lenders
also supply vehicles that have been repossessed. Vehicles from these suppliers
pass along the same distribution chain as those from insurance companies with
a greater percentage being sold to resellers (i.e. used car dealers).
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