n./adj.: used to denote or describe an item whose original purpose or function as a whole is no longer viable, but whose constituent parts retain some individual practical or monetary value, as with a "part out" car (often hyphenated: "part-out" car), also called a "parts car"
Context: The parting out of automobiles, electronic computer systems, industrial and agricultural machinery, electrical appliances, medical apparatuses, nautical and aeronautical equipment and other mechanical devices and instrumentation is done as an economical and, incidentally, ecological means of recycling (see recycle) and reusing various components that may otherwise be more expensive or difficult to obtain.
See also: part it out; parts queen
n./adj. usage: The manager of Fred's Auto Salvage sold me a 1972 Buick Riviera as a part-out, which I towed directly to Sam's Auto Restoration Shop.