The Competition and Markets Authority (CMA) has opened an investigation into the recycling of written-off or aged vehicles.
The UK-government-driven regulatory body said it has reason to believe that several vehicle manufacturers and some industry bodies are involved in “anti-competitive behaviour”.
“This conduct relates to arrangements for recycling old or written-off vehicles, specifically cars and vans, which are known in the industry as ‘end-of-life vehicles’ or ELVs,” the CMA said in a statement.
ELVs are characterised as such because of age-related failures or serious accidents and investigations into their disposal are not uncommon.
