Ohio bill seeks to open up salvage vehicle market

The measure would repeal the current requirement of selling only to licensed vehicle salvage dealers
Associated Press
May 19, 2014

A proposal that seeks to open up the sales of wrecked or dismantled vehicles has recently passed the Ohio House.

The bill would make changes to the regulations for selling salvaged vehicles. Salvage vehicles are typically those that have been wrecked or damaged and deemed too expensive to repair. Salvage yards usually buy them to sell the parts.

The measure would repeal the current requirement of selling only to licensed vehicle salvage dealers. It would get rid of a buyer identification card requirement for those dealers who want to buy salvage vehicles at auction. And the bill would require the Bureau of Motor Vehicles to keep a database of salvage vehicles sales in Ohio.

The sponsors say the measure will make the state’s marketplace for salvage vehicles more competitive.

Comments

Hopperthe2nd

This new law does not reek of payback at all, does it?