SalvageSale operates a global online marketplace specializing in used heavy equipment and salvage recovery. The platform focuses on maximizing salvage recoveries for insurance carriers, providing comprehensive recovery programs, adjuster support services, and access to their global auction marketplace. Their primary investment is in technology and infrastructure to support this niche market.
As part of Ritchie Bros., the world's largest seller of used heavy equipment and materials, SalvageSale leverages extensive global reach to attract buyers worldwide. The company has processed over 3 million bids and recovered over $2 billion in claims, serving over half of the top 25 insurance companies. SalvageSale's unique value proposition lies in its ability to enhance returns and reduce loss ratios for insurers through its specialized platform and services.
SalvageSale - Classification
Also Known As
Salvagesale Inc.
NAICS
524000Insurance Carriers and Related Activities
524100Insurance Carriers
524120Direct Insurance (except Life, Health, and Medical) Carriers
524126Direct Property and Casualty Insurance Carriers
520000Finance and Insurance
SIC
6300Insurance Carriers
6390Insurance Carriers, Not Elsewhere Classified
Show 8 more industry codes
NAICS
458000Clothing, Clothing Accessories, Shoe, and Jewelry Retailers
458100Clothing and Clothing Accessories Retailers
458110Clothing and Clothing Accessories Retailers
450000Retail Trade
SIC
5600Apparel And Accessory Stores
5610Men's And Boys' Clothing And Accessory Stores
5611Men's and Boys' Clothing and Accessory Stores
SalvageSale
Operating Status: Operating
Global online marketplace for used heavy equipment, SalvageSale, maximizes salvage recoveries for insurers, enhancing returns and reducing loss ratios.
