Tools commonly used in the Salvage-Yards (Wholesale) industry for day-to-day tasks and operations.

• Wrecking bars
• Socket wrenches
• Pneumatic impact wrenches
• Hydraulic lifts
• Cutting torches
• Wire strippers
• Battery testers
• Engine hoists
• Tire irons
• Diagnostic scanners

Common products and services typical of NAICS Code 423930-18, illustrating the main business activities and contributions to the market.

• Used car parts
• Salvaged engines
• Scrap metal recycling
• Reclaimed auto glass
• Recycled batteries
• Second-hand tires
• Reclaimed catalytic converters
• Used transmissions
• Scrap aluminum
• Recycled steel

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Occupational Safety and Health Administration (OSHA) Certification: Salvage yards are required to comply with OSHA regulations to ensure the safety of their employees. OSHA provides certification for various safety programs and training courses.
• Environmental Protection Agency (EPA) Certification: Salvage yards must comply with EPA regulations regarding the handling and disposal of hazardous materials. The EPA provides certification for various environmental programs and training courses.
• National Motor Vehicle Title Information System (NMVTIS) Certification: Salvage yards that deal with motor vehicles must be registered with NMVTIS and comply with their regulations regarding the handling and reporting of vehicle titles.
• Automotive Recyclers Association (ARA) Certification: The ARA provides certification for automotive recyclers, including salvage yards, to ensure they meet industry standards for safety, environmental compliance, and customer service.
• Institute Of Scrap Recycling Industries (ISRI) Certification: The ISRI provides certification for scrap recyclers, including salvage yards, to ensure they meet industry standards for safety, environmental compliance, and ethical business practices.

A concise historical narrative of NAICS Code 423930-18 covering global milestones and recent developments within the United States.

• The "Salvage-Yards (Wholesale)" industry has a long history dating back to the early 20th century when the automobile industry was booming. During this time, the industry was focused on salvaging and reselling parts from damaged vehicles. In the 1960s and 1970s, the industry expanded to include other types of salvageable materials such as scrap metal, appliances, and electronics. In recent years, the industry has seen a shift towards environmental sustainability, with many salvage yards focusing on recycling and repurposing materials rather than just selling them for scrap. In the United States, the industry has faced challenges from increased regulation and competition from overseas markets, but it continues to play an important role in the recycling and repurposing of materials.

The anticipated future trajectory of the NAICS 423930-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Salvage-Yards (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for recycled materials. The growing awareness of environmental issues and the need to reduce waste has led to an increase in demand for recycled materials. Additionally, the increasing popularity of DIY projects and the need for affordable car parts have also contributed to the growth of the industry. The industry is also expected to benefit from the increasing use of technology in the recycling process, which will make it more efficient and cost-effective.

Recent groundbreaking advancements and milestones in the Salvage-Yards (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Online Sales Platforms: Salvage-yards (wholesale) are increasingly using online sales platforms to reach a wider audience and increase sales. These platforms allow customers to browse and purchase salvage parts from the comfort of their homes.
• Advanced Inventory Management Systems: Salvage-yards (wholesale) are using advanced inventory management systems to keep track of their inventory and ensure that they have the parts that their customers need.
• Use Of Drones: Some salvage-yards (wholesale) are using drones to inspect and evaluate salvage vehicles. This technology allows them to quickly and accurately assess the value of a vehicle and determine which parts can be salvaged.
• Green Initiatives: Salvage-yards (wholesale) are implementing green initiatives to reduce waste and minimize their impact on the environment. These initiatives include recycling and repurposing materials, reducing energy consumption, and using eco-friendly products.
• Collaboration with Manufacturers: Salvage-yards (wholesale) are collaborating with manufacturers to develop new products and improve existing ones. This collaboration allows them to stay up-to-date with the latest trends and technologies in the industry.