History of Copart

Company History

Copart is the leading online re-marketer of vehicles, selling over 2 million vehicles per year and with more than 170 facilities across the world.

In 2012, Copart branched out its resources to the Middle East, with the first headquarters set up in Dubai, UAE. Further expansion across the GCC will start with Oman and Bahrain in April 2015.

Copart is unique in offering buyers the easiest and fastest way to find the vehicles they want from a large world-wide inventory, through its online auction platform, our patented VB3 auction system. Buyers from all over the world now bid on vehicles without leaving their office or home, opening up markets and eliminating geographical barriers. VB3 is a proven product, which has sold over 10 million units since its inception. Copart will continue to build and add more value to its buyers and sellers by expanding throughout the Middle East.

Copart provides suppliers, primarily insurance companies and used car dealers, with a full range of re-marketing services to expose their products to over 800,000 buyers in more than 142 countries. Buyers include licensed dismantlers, re-builders, used vehicle dealers, exporters and the general public.
Copart was founded in 1982 by CEO Willis J. Johnson. Johnson, with his entrepreneurial spirit, along with a strong work ethic and a passion for change, started Copart with just one salvage yard in California. In 1994, he took Copart public (NASDAQ: "CPRT"), raising the money needed to expand the company. The development of VB3, Copart’s online auction system, transformed Copart from a salvage vehicle auction company into a company offering a global remarketing platform that links buyers and Sellers around the world.

Copart’s vision is to continually offer compelling, innovative and unique products and services, whilst maintaining high levels of customer satisfaction.