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Further Develop Business Relationships. LKQ intends to continue to develop business relationships with automobile insurance companies and extended warranty providers. LKQ believes that insurance companies and extended warranty providers, as those who pay for many repairs, will take a more active role in the selection of replacement products in the repair process in order to use lower cost alternatives to new OEM products. On behalf of certain insurance company customers, LKQ provides a review of vehicle repair order estimates so they may assess the opportunity to increase usage of recycled OEM, aftermarket and refurbished products in the repair process, thereby reducing the insurance company’s costs...
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