LKQ is one of the largest retailers in used automotive parts, which are sold through their salvage yards located around the world. The LKQ corporation has more than 700 facilities that deal in providing self-service auto parts as well as hubs to purchase used parts.
LKQ was initially founded in 1998 and grew to more than 35 yards and 12 distribution centers in America by the early 2000s. By 2007, the company took on the role of selling new automotive parts under Keystone Automotive Acquisitions.
An LKQ salvage yard allows a car owner to find the part of the vehicle they need. Each yard will have price lists posted in the front of the facility, the list can also be found through a link on their website that directs the user to it. The price list includes the cost of each component along with a core charge, if necessary. Core charges are fees that reflect the cost of the older part and are commonly used by auto salvage companies so they may rebuild and resell the damaged component. The fee is reimbursed when the damaged component is brought back to the facility.
Inventory at an LKQ location changes according to the type of vehicles they obtain. LKQ salvage yards also offer an opportunity for potential visitors to sell off their older vehicles.