Copart News

Junkyard Billionaire Built Fortune on Spare Parts

The 2019 Ferrari 812 Superfast is a beast by any measure. With 789 horsepower and a top speed of 211 miles per hour, it retails new for about $363,000. It could be yours for a fraction of the price, if …

The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban …

Army of Tow Trucks Tackle Houston’s Flood-Ravaged Cars

How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time. Toll is part of an army of more …

Resale of Flood-Damaged Cars Another Worry After Harvey

In Houston alone, it’s estimated that 300,000-500,000 vehicles will be deemed a total loss because of flood damage due to Harvey. That’s according to Cox Automotive’s chief economist’s analysis of the number of vehicles lost due to Sandy (250,000), as …

Texas Flooding Damaged Nearly 10,000 Insured Vehicles

An estimated 7,000 to 10,000 insured vehicles sustained water damage as a result of the recent flooding in Texas. That’s the current estimate from Copart, a company that works on behalf of insurers to handle the vehicles damaged in catastrophes. …

Copart, Inc. Acquires Berpa Auto Auction

Copart, Inc., a leading online salvage vehicle auction company, acquired Berpa Auto Auction, Inc., a privately held automotive auction located in Montreal, Quebec, Canada. “This is an important acquisition for Copart,” said A. Jayson Adair, Copart’s CEO. “It provides us …

Copart Acquires Salvage Parent, Inc.

Copart announced that it has acquired Salvage Parent, Inc., which conducts business primarily as Quad City Salvage Auction, Crashed Toys, and Desert View Auto Auction. Combined, these businesses operate at thirty-nine locations in 14 states. Quad City Salvage Auction operates …

Copart Releases New Mobile App for Online Vehicle Auctions

Copart, a global online vehicle auction company, announced the recent launch of its newest version of Copart Mobile, a mobile application where buyers have the opportunity to attend Copart’s patented live auctions and bid from anywhere, anytime from any iOS …

New Jersey Town Says No to Keeping Storm-Damaged Cars

Officials in a southern New Jersey town say a facility there cannot continue to store 2,400 cars damaged in Superstorm Sandy. The Mansfield Zoning Board of Adjustment declined Monday to grant a variance to Vanco, a truck trailer manufacturer that …

Copart Acquires Diamond Auto Bids

Copart, Inc., an online salvage vehicle auction company announced the acquisition of Diamond Auto Bids and Disposals, a privately-held automotive auction with locations in Calgary and Edmonton, Alberta, Canada. The acquisition provides Copart its first locations in Western Canada to …