Published: 10/14/2015
DALLAS—Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, announced its first auction at its location in Sonepat, Haryana, India today. The auction debuted with nearly 50 vehicles, including a 1976 Rolls Royce Ghost and a 2006 Mercedes Benz E-Class, along with fleet vehicles.
This auction marks a major milestone in Copart's technological advancements. For the first time ever, Copart has integrated three proprietary technologies to develop an advanced platform that streamlines the auction process. This innovative technology ultimately improves the efficiency, user experience, and overall auction process for buyers, sellers, and Copart employees.
"We are pleased to be auctioning cars at our Sonepat location," said Rajeev Kapoor, Copart's Managing Director of India. "The Indian automobile market is growing steadily, and we are proud to serve the auto insurance companies, banks, NBFIs and fleet operators as well as the many buyers in the region."
With this new location, Copart members in India have the option of bidding online from the convenience of their offices and workshops, and if they desire, from Copart India's corporate office in Gurgaon or the new location in Sonepat, where trained customer service executives are available to assist buyers and sellers.
"We are proud to unveil and implement this new technology to serve the Indian market, and we look forward to continued success and an improved experience for all Copart Members," said Vinnie Mitz, Copart's president.
To learn more about Copart India, visit our website at www.copart.in. For more information about Copart, please visit www.copart.com.
ABOUT COPART:
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company currently operates in the United States and Canada (www.copart.com), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de), the United Arab Emirates, Sultanate of Oman and Bahrain (www.copartmea.com), Spain (www.autoresiduos.com), and India (www.copart.in). Copart links sellers to more than 750,000 members in over 150 countries worldwide through its multi-channel platform. Copart was recently ranked at the top of Deloitte's "Exceptional 100" list of companies, which reviewed U.S. publicly traded companies based upon a multidimensional approach to measuring financial performance. For more information, or to become a member, visit www.copart.com.
Contacts
Copart
Michelle Hoffman, (972) 391-5082
Senior Director of Marketing
Lindsay Williams, (972) 391-5112
Internal/External Communications Manager
