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Green Parts International, Inc.  (GNPT)
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Green Parts International's Suppliers Performance

GNPT's Supply Chain

 
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.

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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.

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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).