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What does LKQ stand for?
Like Kind in Quality
These parts are made to “resemble OEM standards” and are often less expensive than OEM parts. LKQ stands for “Like Kind in Quality”. These are undamaged parts that were salvaged from a car that was deemed un-repairable.
What does LKQ Corp do?
LKQ Corporation (LKQ) is a holding company, which distributes vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products.
Is LKQ the same as OEM?
Technically LKQ parts are still OEM parts, the only difference is that they are not brand new and are also not going to burn a hole in your wallet when you buy them. On the contrary, Aftermarket parts are replacements made by third party manufacturers, which are not the same manufacturers that built your vehicle.
What does LKQ mean in texting?
LKQ
| Acronym | Definition |
|---|---|
| LKQ | Like Kind and Quality |
What brands does LKQ own?
Our Brands Worldwide
- LKQ Corporation Global. View Brand.
- LKQ North America. Collision, Mechanical, PBE (USA)
- Keystone Automotive Industries. Collision, Mechanical, PBE (Canada, USA)
- LKQ Pick Your Part.
- Collision, Mechanical, PBE (Canada)
- LKQ Canada – French Speaking.
- LKQ Heavy Truck.
- ATK High Performance Engines.
How many employees does LKQ have?
51,000 employees
LKQ is now over 51,000 employees strong worldwide, and with over 1,700 locations in 31 countries.
Who founded LKQ?
Donald Flynn
LKQ Corporation/Founders
LKQ Corporation was founded by Donald Flynn in February 1998, with the purchase of Triplett Automotive Recycling in Akron, Ohio. Flynn remained chairman of the corporation until his death in October 2011.
How does LKQ make money?
LKQ resells used-car parts, and makes a tidy profit from it, too. Read the fine print in your auto insurance policy and you’ll probably find a puzzling acronym, LKQ, which stands for “like kind and quality,” the standard insurers insist upon for parts used in auto repairs.
Is LKQ an aftermarket?
LKQ (LKQ) is a distributor of aftermarket and recycled, refurbished or remanufactured automotive parts. Aftermarket parts are new generic parts sourced from low-cost producers and are priced at a discount to original OEM parts.
Shares of LKQ can be purchased through any online brokerage account.
Is LKQ a Mexican?
LKQ also has operations in the United Kingdom, Canada, Mexico, Taiwan, the Netherlands, Belgium, France, Guatemala and Costa Rica. LKQ operates more than 500 facilities, offering its customers a broad range of replacement systems, components and parts to repair automobiles and light, medium and heavy-duty trucks.
What does LQK stand for?
LQK means Pickens County Airport, Pickens , South Carolina, United States. This acronym/slang usually belongs to Locations, Regional & international category.
What does “LKQ parts” mean?
LKQ parts are actually recycled/refurbished parts or simply, used auto parts . Technically LKQ parts are still OEM parts, the only difference is that they are not brand new and are also not going to burn a hole in your wallet when you buy them.
Does LKQ buy parts?
In general, LKQ provides one of the unique salvage yards in the nation and abroad. It is one of the top industry leaders in car parts distribution and purchasing old cars. LKQ allows you to purchase your parts by yourself.
What is like kind and quality (LKQ)?
Definition – What does Like Kind and Quality (LKQ) mean? Like kind and quality refers to a condition in property insurance policies that states that the insurer would cover the cost of repairing or replacing a covered loss with property similar to the original in composition and quality.