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The North American collision repair industry spends an estimated $16B annually on parts to repair vehicles. A rapidly increasing share of that — 33 percent and rising — is for alternative parts (recycled, aftermarket, and remanufactured), all of which are being consolidated in the hands of fewer and larger suppliers.

This trend is being driven by the insurance industry’s need to contain repair costs and is perpetuated by the emergence of the technology that enables the automated identification, location, and soon the real-time procurement of these parts during the electronic repair estimating process. The potential for large capital gains has attracted private equity and public capital.

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