The Following is a Glossary of Abbreviations and Terms Commonly Used in the Collision Industry and the Estimating Process.

OEM – The abbreviation “OEM” implies that the part or parts are made by the original car company manufacturer or its licensed supplier and is a genuine new part warranteed by the vehicle manufacturer.

A/M - This abbreviation for “aftermarket” indicates parts made by a manufacturer other than the original vehicle manufacturer. These parts are warranteed by the manufacturer of the said part or their distributor. There are two levels of aftermarket parts – one being “certified” and the other “not certified”.

QRP – Quality Replacement Part, another term for Aftermarket Parts.

Competitive Parts – Another term for Aftermarket Parts.

LKQ – Like, Kind and Quality – meaning used parts from a salvage vehicle of the same make and model, usually from the same year or newer than the vehicle being repaired with comparable or less mileage than the vehicle it is being used for.

Recycled – used parts from a salvage vehicle that re-enters commerce when sold to a repair shop. The repairer then takes the used component and performs the necessary steps to put it in a recycled condition that will then be utilized in the repair process.

Remanufactured Part – A used, original factory part that has been refurbished to new condition. (This could be an original car company (OEM) part or an aftermarket supplier.) This procedure could be performed by an original car company supplier or a licensed aftermarket supplier for the car company.

Rebuilt Part – A rebuilt part may not be an original car company part; it could be an aftermarket supplied part. This is a part that is being repaired and serviced for the purpose of resale. Rebuilt parts are typically supplied by an aftermarket source.

http://www.mvrboard.ohio.gov/guide.stm