What are IAA’s restrictions on who can buy ICBC salvage?
IAA has rigorous rules in place on who can buy. Their platform is designed to automatically allow or restrict access based on buyer qualifications, and they actively monitor and suspend accounts that violate their rules. IAA strictly permits only licensed businesses (non-dealers) that are automotive-related to register for auction access. These include recyclers, exporters, body shops and other verified automotive businesses.
The registration process involves a two-level approval system to validate business credentials and licences and to ensure applicants meet all required conditions. IAA performs detailed checks to confirm the legitimacy and relevance of each applicant’s business. In addition, they run frequent checks to ensure licences are valid and accounts are in good standing.
Importantly, all bidding on IAA’s platform is transparent and open only to approved buyers, ensuring fairness and compliance with high standards.
IAA also works closely with regulatory bodies, to ensure they remain compliant and fulfill client-specific requirements. They are aware of the challenges posed by the misuse of business registration loopholes and are committed to further closing these gaps through stronger validations and policy enforcement.
IAA understands the importance of maintaining integrity and regulatory compliance in the automotive auction industry, especially when it comes to protecting legitimate dealers and consumers in British Columbia.
Will all buyers be required to be a registered B.C. dealer?
No. ICBC will not restrict buyer audience. We currently have international buyers and will continue marketing internationally. However, all buyers will need to be registered with IAA and buyers purchasing from outside of B.C. must meet all the requirements and certifications for the intended use of the salvage they buy with the appropriate registration or licensing authority in their jurisdiction.
Can members of the general public purchase ICBC salvage?
No. To purchase ICBC salvage on IAA’s platform, buyers must be a licensed dealer or licensed non-dealer with a valid IAA Registered Buyer Account.
Will all buyers have to meet B.C.’s environmental requirements for recyclers/dismantlers?
Buyers must meet the environmental requirements of their respective jurisdiction, along with an annual confirmation.
Will buyers licensed as a wrecker/dismantler or recycler still be able to purchase vehicles designated with salvage status?
Yes. Buyers licensed as a wrecker/dismantler or recycler can purchase vehicles designated with salvage status. However, these purchases will not re-designate the status of the vehicle to dismantle parts only (DPO).
Will ICBC continue to allow local buyers to browse ICBC salvage facilities or off-site salvage locations?
No. The steadily increasing salvage volumes and associated traffic at ICBC's facilities has increased the risk to our buyers and staff, so we do not permit onsite viewing of salvage items.
Note: AuctionNow will typically provide buyers with a detailed view of the interior and exterior of vehicles, thereby removing the need for physical visits.
Is it possible that this comprehensive system change could allow large investment groups or grey-area organizations to take over business with ICBC, shouldering out smaller salvage buyers?
This is a system replacement with the focus on improving the communication, correspondence and sales experience for our salvage buyers. Our employees will still manage the process at our ICBC locations.