Online Salvage Auctions Market Report 2026

The online salvage auctions market size has grown rapidly in recent years. It will grow from $10.71 billion in 2025 to $12.78 billion in 2026 at a compound annual growth rate (CAGR) of 19.3%. The growth in the historic period can be attributed to growth in insurance total loss volumes, rising vehicle ownership rates, expansion of internet accessibility, increased use of online bidding platforms, cost pressure on insurers for recovery optimization.

The online salvage auctions market size is expected to see rapid growth in the next few years. It will grow to $25.67 billion in 2030 at a compound annual growth rate (CAGR) of 19%. The growth in the forecast period can be attributed to growth in electric vehicle salvage volumes, rising demand for recycled auto parts, globalization of used vehicle trade, advancements in digital auction infrastructure, increased regulatory focus on asset traceability. Major trends in the forecast period include AI-driven asset valuation and pricing accuracy, cross-border salvage trade expansion, increased participation of small and independent buyers, standardization of vehicle condition reporting, faster inventory turnover through digital liquidity.

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 companies operating 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, Redcorn Ltd.

North America was the largest region in the online salvage auctions market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online salvage auctions market report are Asia-Pacific, South East Asia, 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; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.

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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