What does "LKQ" refer to in automotive terminology?

The term "LKQ" stands for "Like Kind and Quality." In the context of automotive terminology, it refers to replacement parts that are similar to the original components in terms of type, function, and quality. This terminology is especially relevant in insurance and claims processing when vehicles are repaired after accidents. The goal is to restore the vehicle to its pre-accident condition as closely as possible, which often involves finding parts that match the original ones used in the vehicle.

Understanding LKQ is essential for appraisers and those involved in the repair process, as it guides them in sourcing appropriate replacement parts without necessarily using original equipment manufacturer (OEM) parts, which can be more expensive. The concept emphasizes the importance of matching parts to ensure the integrity and functionality of the vehicle while managing repair costs effectively.