Copart

The legislation of the United States of America promoted the development of insurance auctions for the sale of broken or mangled cars as a result of traffic accidents or acts of vandals. Such cars are more profitable to sell than to pay for their repair at a service station. American Willis Johnson took advantage of this feature and in 1982 founded his first site for the sale of decommissioned cars in the state of California. Thus began the history of Copart auctions.

By the beginning of the 90s, there were already 4 trading floors, and by 1994, 8 more were added. Innovative IT technologies were constantly introduced to increase sales efficiency. The real progress was the creation of CAS - the Copart Auction System in 1997. In 1998, the company began to gradually move away from local physical auctions.

By 2003, the number of sites approached a hundred. The real breakthrough came when online trading was launched. As online shopping grew in popularity, in 2003 Copart developed its VB 2 e-commerce platform, which made it possible to purchase a car from anywhere in the world via the Internet.

Already by 2017, the number of trading platforms has exceeded 200. Through an effective strategy, as well as the convenience and accessibility of buying cars, Copart is entering the global market.

Since 1994, Copart shares have been freely traded on the stock exchange. The success of the company helped her get into the Forbes list.

Auction scale

The auction has more than 750 thousand cars presented in many countries around the world and has more than 200 electronic platforms. About 125-200 thousand cars from Canada and the USA are put up for auction every day. Having some experience, you can get the opportunity to buy the desired brand of car for half of its real cost. Lots are available on the official Copart website and in the smartphone app. The lists are updated daily with thousands of new lots from individuals, insurance, and leasing companies.