NAICS Code 423140-08 - Truck-Wrecking (Wholesale)
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NAICS Code 423140-08 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423140-08
Parent Code (less specific)
Tools
Tools commonly used in the Truck-Wrecking (Wholesale) industry for day-to-day tasks and operations.
- Hydraulic Jacks
- Wrenches
- Pneumatic Tools
- Screwdrivers
- Hammers
- Pry Bars
- Wire Cutters
- Bolt Cutters
- Grinders
- Torque Wrenches
- Impact Wrenches
- Sockets
- Ratchets
- Chisels
- Punches
- Clamps
- Vises
- Pullers
- Cut-Off Tools
Industry Examples of Truck-Wrecking (Wholesale)
Common products and services typical of NAICS Code 423140-08, illustrating the main business activities and contributions to the market.
- Truck Engines
- Truck Transmissions
- Truck Axles
- Truck Tires
- Truck Batteries
- Truck Radiators
- Truck Alternators
- Truck Starters
- Truck Fuel Pumps
- Truck Brake Systems
- Truck Suspension Systems
- Truck Exhaust Systems
- Truck Steering Systems
- Truck Electrical Systems
- Truck Body Parts
- Truck Interior Parts
- Truck Wheels
- Truck Mirrors
- Truck Lights
- Truck Seats
Certifications, Compliance and Licenses for NAICS Code 423140-08 - Truck-Wrecking (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Hazardous Materials Endorsement (HME): This endorsement is required for drivers who transport hazardous materials. It is issued by the Transportation Security Administration (TSA) and requires a background check and fingerprinting.
- Commercial Driver's License (CDL): A CDL is required for drivers who operate commercial motor vehicles (CMVs) with a gross weight of 26,001 pounds or more, or who transport hazardous materials. It is issued by the state Department of Motor Vehicles (DMV).
- Environmental Protection Agency (EPA) Certification: This certification is required for businesses that handle refrigerants, such as those found in air conditioning systems. It is issued by the EPA and requires passing an exam.
- Occupational Safety and Health Administration (OSHA) Certification: This certification is required for businesses that handle hazardous materials or operate heavy machinery. It is issued by OSHA and requires passing an exam.
- National Institute for Automotive Service Excellence (ASE) Certification: This certification is required for businesses that repair or service vehicles. It is issued by ASE and requires passing an exam.
History
A concise historical narrative of NAICS Code 423140-08 covering global milestones and recent developments within the United States.
- The "Truck-Wrecking (Wholesale)" industry has a long history dating back to the early 20th century when the first automobile wrecking yards were established. These yards were initially established to dismantle and recycle old cars, but as the demand for used parts grew, the industry evolved into a wholesale business. In the 1950s, the industry experienced significant growth due to the increasing popularity of trucks and the need for replacement parts. In recent years, the industry has faced challenges due to the rise of online marketplaces and the increasing popularity of new parts. However, the industry has adapted by expanding its product offerings and focusing on customer service to remain competitive. In the United States, the "Truck-Wrecking (Wholesale)" industry has a more recent history. The industry experienced significant growth in the 1980s and 1990s due to the increasing popularity of trucks and the need for replacement parts. In the early 2000s, the industry faced challenges due to the rise of online marketplaces and the increasing popularity of new parts. However, the industry has adapted by expanding its product offerings and focusing on customer service to remain competitive. Today, the industry continues to provide a valuable service to truck owners and repair shops across the country.
Future Outlook for Truck-Wrecking (Wholesale)
The anticipated future trajectory of the NAICS 423140-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
According to a report by IBISWorld, the industry "Truck-Wrecking (Wholesale)" is expected to experience steady growth in the next five years. The report predicts that the industry will benefit from the increasing demand for used truck parts, as well as the growing number of trucks on the road. Additionally, the report states that the industry will benefit from the increasing demand for environmentally friendly practices, as more companies are looking to reduce their carbon footprint. Overall, the future outlook for the industry "Truck-Wrecking (Wholesale)" in the USA is positive, with steady growth expected in the coming years.
Industry Innovations for NAICS Code 423140-08
Recent groundbreaking advancements and milestones in the Truck-Wrecking (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Online Sales Platforms: Many companies in the industry "Truck-Wrecking (Wholesale)" have started to use online sales platforms to reach a wider audience and increase their sales. These platforms allow companies to sell their products to customers all over the country, which has helped to increase their revenue.
- Increased Focus on Sustainability: Many companies in the industry "Truck-Wrecking (Wholesale)" have started to focus on sustainability, by implementing environmentally friendly practices in their operations. This includes recycling and reusing materials, as well as reducing their carbon footprint.
- Use Of Technology: Many companies in the industry "Truck-Wrecking (Wholesale)" have started to use technology to improve their operations. This includes using software to manage inventory and track sales, as well as using drones to inspect and assess inventory.
- Expansion Into New Markets: Many companies in the industry "Truck-Wrecking (Wholesale)" have started to expand into new markets, such as international markets. This has helped to increase their revenue and reach a wider audience.
- Increased Focus on Customer Service: Many companies in the industry "Truck-Wrecking (Wholesale)" have started to focus on customer service, by providing better support and assistance to their customers. This has helped to improve customer satisfaction and increase customer loyalty.
NAICS Code 423140-08 - Truck-Wrecking (Wholesale)
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