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OUTSIDE-THE-BOX THINKING LEADS TITUSVILLE BUSINESS TO REDEFINE SALVAGE INDUSTRY
Titusville, PA December 28, 2000
Salvagedirect.com, an innovative e-commerce business located within Titusville Opportunity Park, has recently received the nod from the Pennsylvania Department of Transportation and has been awarded the
distinction of being one of only five statewide contractors permitted to offer online titling for salvaged vehicles.
Founded in 1998 by Titusville resident Bob Joyce, Salvage Direct is an online salvage vehicle management company that employs the Internet to market salvage vehicles for insurance companies and financial
institutions to licensed dealers and dismantlers. This online venue provides an interactive auction format in which salvage vehicles are marketed directly to buyer's 24 hours a day, seven days a week. All bids
are open rather than sealed, keeping buyers and sellers aware of the current bid, conversely creating competitive bidding.
Salvage Direct never actually takes possession of the vehicles, buyers purchase directly from the insurance companies and financial institutions.
Using this efficient model, Salvage Direct has been able to streamline the traditional process making it more efficient and effective. Joyce explained, "Online titling will enable us to cut 3-6 weeks out of the sales cycle for a salvage vehicle. The time we save the insurer will free up additional working capital which will translate into lower premiums for the consumer."
Christine Bravo, Marketing and Public Relations Coordinator for Titusville Redevelopment Authority offered "Salvage Direct was the first business signed by the Authority to occupy space in the newly
opened Titusville Opportunity Park, and is an excellent example of the type of enterprising business bringing Titusville good economy jobs. In the last nine months alone Salvage Direct has created 12 new jobs
in Titusville."
She went on to say "By harnessing technology with their outside of the box approach, Salvage Direct will be able to offer their industry cutting-edge services and be a creative addition to the existing area industrial base."
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