COPART auctions - the market leader in online sales of damaged cars and equipment. Sales volumes of more than 1 million cars a year.
The main sellers at the auction COPART - insurance companies selling cars, trucks, motorcycles, boats, special equipment and other equipment to customers in more than 100 countries. COPART was founded in 1982 by Willis Johnson in California. In 1994, the company became public. Currently, the company's shares are traded on the NASDAQ.
Today, the company has more than 140 sites throughout the US, Canada and the UK. One of the reasons for the rapid growth of the company COPART was the introduction of Internet technologies in the sales process, the so-called VB2. The system allows dealers to buy cars without leaving the office, making the purchase process as easy and fast as possible. An additional factor in the company's successful development is the company's professional team consisting of more than 2,400 employees.
The state of transport on Copart b>
To accurately determine the state of transport on information and photos which leads copart difficult. At auction: the equipment is in accident condition, the equipment with minor damage after the theft (in the USA, if the car is not within 20 days, the insurance company must pay the owner the full cost of the car, so if the car was found later, it is sold by the insurance company at auction) equipment damaged during moments of natural disasters (including flooded), equipment after repair.
The main task of the auction is to sell. The product should appeal to the buyer, and not scare him. Theoretically, the seller is interested in concealing the shortcomings of their goods. On the other hand, since Copart, working with regular customers - dealers - a gross misrepresentation of the buyer will immediately affect his reputation. It is between these two extremes that Copart’s staff, who conduct examination and photograph transport, are forced to balance. The fact that the auction has been in operation since 1982 and has 140 sites indicates that Copart has found a middle ground between the interests of buyers and sellers. And despite this, there is always a chance to buy a “cat in a bag”
Attention: Copart (as well as suppliers of cars for auctions) is not responsible for transport. All vehicles are sold without a guarantee of quality. In the terms and conditions of participation of buyers at Copart automobile auctions, it sounds like: ALL CARS ARE SOLD AS AS IS.
Copart tips and tricks for choosing a car b >
The first thing that needs attention is the quality of photos. If the photos are informative and give an idea of the car from all sides, including the engine, if they are clear enough, then everything is fine. If there are no normal photos, or there is no view from any side, then it is worth thinking. The second is the availability of keys. In case a car is bought without keys, especially a whole one, in it, most likely, something hopelessly does not work. Third - mileage. The less mileage, the more likely the engine and gearbox are in good condition. Fourth - the comments of the expert who examined and photographed the car. It is important to remember that words can be misleading. The fifth is the price. As in any auction, there are players at Copart who are watching live and examining the most interesting options before bidding. And accordingly make preliminary applications. A normal car will be “good” to cost even before the start of trading.
Who buys at Copart b>
In the USA, these are mainly workshops that disassemble and trading in spare parts. This is due to the status - Salvage (the status of Salvage - means "written off"). Techniques that have this status cannot be sold for reasonable money. In other countries, buyers are repair shops repairing a car and selling it as new. The equipment, which received the status of Salvage, immediately loses in price 60% of the market value. Licensed vehicles (car dealers) can put up vehicles for sale.
Copart Warranties
Attention: Copart (like the suppliers of cars for auctions) does not bear any responsibility for transport. All vehicles are sold without a guarantee of quality. In the terms and conditions of participation of buyers at the Copart automobile auctions, it sounds like: ALL CARS ARE SOLD AS AS IS.
The huge disadvantages of COPART auctions can also be attributed to the limited information on car damage, and there is also no guarantee for the safety of additional equipment (keys, automatic transmission knobs) and additional body damage after selling the car.
You can get acquainted with the rules of bidding at Copart auctions by clicking the link Terms of Service.