LKQ Corporation creates disposal system to help dealers with Cash for Clunkers trade-ins

Jan. 1, 2020
LKQ Corporation and its vehicle recycling operations have created the LKQ Assured CARS Disposal program to assist automobile dealers that accept trade-in vehicles under the Car Allowance Rebate System (CARS).

LKQ Corporation and its vehicle recycling operations have created the LKQ Assured CARS Disposal program to assist automobile dealers that accept trade-in vehicles under the Car Allowance Rebate System (CARS). LKQ will provide certification of proper destruction, free towing services and payment upon pick up of the trade-in units accepted by automobile dealers.

Under the CARS program, consumers will receive up to $4,500 in credit toward the purchase of new, more fuel-efficient vehicles if their trade-in vehicles meet strict eligibility guidelines. The CARS Act requires that participating dealers must arrange for the trade-in vehicles to be crushed or shredded. They may not be sold as used-cars.

"The CARS program could result in up to 250,000 late model vehicles being traded in for new automobiles," said Lenny Damron, Vice President of Operations - Self Service Division. "Automobile dealers will need to ensure that the trade-in vehicles they accept are disposed of properly by having them crushed or shredded. LKQ has the facilities and process in place to guarantee the proper recycling of the vehicles."

Auto dealers should call the LKQ Program Vehicle Center to locate the nearest LKQ location. LKQ Program Vehicle Center can be contacted at (877) ONLY- LKQ or (877) 665-9557 and by email at [email protected].

LKQ has 39 Self Service vehicle recycling locations and 63 Full Service vehicle recycling locations operating in the U.S. and Canada. In 2008, the company acquired more than 440,000 end-of-life vehicles to be recycled.

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