Ohio salvage industry: bill could cost jobs

Ohio's salvage industry says proposed state legislation that would open the auto salvage auction market to unlicensed buyers could cost up to 2,500 jobs and eliminate consumer protections.
Associated Press
Dec 7, 2012

 

Proponents of Senate Bill 273 include the insurance industry and auto auctioneers. They say it would reduce insurance rates in the state by making the market more competitive.

Ohio currently requires an identification card to purchase one of the more than 100,000 cars a year deemed total losses by insurance companies. Licensed dealers in Ohio and 21 other states can apply for the cards.

The Springfield New-Sun reports that insurance companies in other states can sell salvage vehicles to anyone via online auctions with less regulation.

Opponents protested this week outside a hearing of the House committee considering the legislation.

 

Comments

wiredmama222

Then some of these salvaged vehicles would go right back out on the street without the safety of being checked out by state requirements placed on regulated state sellers. I am not sure that is such a good idea.

If you happen to buy one of them from an unlicensed, unregulated seller, to whom do you go. You are stuck with it with no recourse but court who will stand by that "as is" clause and buyer beware, when you have the state regulation with buying from a licensed dealer all along.

This is a stupid move if they allow cars to be purchsed like this. NOPE, not a good idea at all.

Dinghy Gal

Like a "licenced dealer" wouldn't stuff it in your butt?
"As is" as they say.

mikeylikesit

amen!