Online Salvage Auctions Global Market Report 2025

The online salvage auctions market size has grown rapidly in recent years. It will grow from $8.97 billion in 2024 to $10.71 billion in 2025 at a compound annual growth rate (CAGR) of 19.5%. The growth in the historic period can be attributed to increasing vehicle accident rates, rising insurance claim volumes, expanding adoption of online auction platforms, rising demand for affordable used vehicles, and growing digital infrastructure in automotive trade.

The online salvage auctions market size is expected to see rapid growth in the next few years. It will grow to $21.58 billion in 2029 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to increasing use of artificial intelligence (AI) and automation in auction platforms, rising number of end-of-life vehicles, growing preference for contactless and online transactions, rising global used car demand, and increasing participation of international buyers. Key trends in the forecast period include innovation in artificial intelligence (AI)-powered bidding and pricing tools, advancement of mobile-friendly auction applications, integration of blockchain for secure transactions, development of data-driven vehicle valuation systems, and advancement of virtual inspection and 3D viewing technologies.

The increasing number of accidents is expected to drive the growth of the online salvage auctions market going forward. The increasing number of accidents refers to a year-over-year rise in police-reported road crashes that cause vehicle damage, injury, or death. The increase in accidents is due to rapid motorization, which adds more vehicles and traffic exposure to the roads each year. More crashes result in more total-loss and damaged vehicles entering insurer and fleet disposal channels, expanding the supply flowing into online salvage platforms and boosting bidder activity and sales. For instance, in May 2024, according to the Turkish Statistical Institute (TÜİK), a Turkey-based statistical organization, in 2023, the number of crashes resulting in death or injury rose to 235,071, marking an increase of about 19% from 197,261 incidents in 2022. Therefore, the increasing number of accidents is driving the growth of the online salvage auctions market.

Key companies operating in the online salvage auctions market are focusing on developing embedded digital payments to shorten total-loss cycle times and get vehicles auction-ready sooner. This technology automates lienholder payoff and title release by connecting claims disbursements directly to the auction platform’s title tools, reducing manual steps and reconciliation delays. For instance, in October 2025, One Inc., a US-based financial technology company, announced an integration of ClaimsPay with Copart’s Title Express and Loan Payoff system. It speeds up lienholder payments and title clearance while reducing claim cycle time and carrying costs. This process also enables total-loss vehicles to reach auction faster, ensuring greater transparency.

In March 2023, Ritchie Bros. Auctioneers Incorporated, a Canada-based provider of asset management solutions, acquired IAA Inc. for an undisclosed amount. With this acquisition, Ritchie Bros. aimed to expand its digital capabilities, diversify its services, and strengthen its position as a global leader in vehicle and equipment auctions. IAA Inc. is a US-based provider of online salvage vehicle auctions and related services.

Major players in the online salvage auctions market are MSTC Limited, Copart Inc., Ritchie Bros. Auctioneers Incorporated, Adesa Auctions LLC, Turners Automotive Group, AUCNET Inc., Charles Trent Ltd., ASM Auto Recycling Ltd., Emirates Auction, Bid N Drive Inc., AutoBidMaster LLC, RideSafely LLC, Silverlake Autoparts Ltd., SCA Auctions LLC, SalvageBid LLC, A Better Bid LLC, Cars4.Bid LLC, Salvage Reseller LLC, USA Auto Online LLC, and Redcorn Ltd.

North America was the largest region in the online salvage auctions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in online salvage auctions report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the online salvage auctions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the retail and wholesale sector, particularly in sourcing, inventory management, and pricing strategies. Higher duties on imported consumer goods including electronics, apparel, furniture, and packaged foods have raised procurement costs for retailers and wholesalers, compelling many to either increase prices for end consumers or absorb losses. Small and mid-sized businesses with limited pricing power are especially vulnerable, often facing squeezed margins and reduced competitiveness. Inventory cycles are also disrupted as firms grapple with delays and uncertainty in international supply chains. Additionally, retaliatory tariffs in foreign markets have curtailed export opportunities for U.S. brands, limiting revenue growth. In response, companies are shifting toward domestic and regional suppliers, investing in supply chain resilience, and adopting data-driven demand forecasting to navigate cost volatility and maintain customer satisfaction.

The online salvage auctions market research report is one of a series of new reports that provides online salvage auctions market statistics, including online salvage auctions industry global market size, regional shares, competitors with a online salvage auctions market share, detailed online salvage auctions market segments, market trends and opportunities, and any further data you may need to thrive in the online salvage auctions industry. This online salvage auctions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Online salvage auctions are digital marketplaces where damaged, totaled, repossessed, or otherwise distressed assets, most commonly vehicles but also equipment and property, are listed by sellers, including insurers, finance companies, fleets, and individuals, and bid on by licensed buyers through timed or live online bidding. Their purpose is to efficiently convert hard-to-sell, non-retail assets into recoverable value by connecting them with rebuilders, dismantlers, exporters, and parts recyclers at transparent, market-clearing prices.

The key components of online salvage auctions are used vehicles and services. Used vehicles refer to previously owned, damaged, repossessed, or end-of-life passenger and commercial vehicles listed with documented condition and title status for remarketing on online salvage auction platforms. There are various auction types, such as live online auctions, timed or sealed-bid auctions, and buy-now fixed-price listings, with different deployment models, including standalone deployment, clustered deployment, and hybrid deployment. They are used for applications such as automotive salvage sales, industrial equipment auctions, dealer procurement, vehicle recycling, and auction-based pricing optimization across several industry verticals, including healthcare, finance and banking, retail, and telecommunications.

The online salvage auctions market includes revenues earned by providing services such as auction listing and marketplace access, digital bidding and buyer management, title and compliance processing, asset inspection and condition reporting, and storage and yard management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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