Copart

Copart is a global leader in online vehicle auctions, with a business model centered on connecting vehicle sellers with buyers. The company's primary clients are insurance companies looking to sell damaged or salvaged vehicles, but it also serves rental car companies, fleet operators, and car dealerships.

Copart's revenue is generated through fees collected from both buyers and sellers for each vehicle sold through its platform. The company operates a proprietary online auction platform, which allows for a highly scalable and efficient sales process. This technology is a key component of its business, enabling it to manage a large volume of transactions across its numerous locations.

The market for salvage vehicles is driven by factors such as accident rates and the increasing complexity of modern vehicles, which often makes them uneconomical to repair. Copart has a significant market share in this niche, and its extensive network of facilities and buyers creates a strong competitive advantage.

Keywords: online vehicle auctions, salvage vehicles, insurance auctions, vehicle remarketing, automotive recycling, global auctions, used car parts, vehicle logistics, collision repair, asset disposal