Copart is the market leader in applying technology to improve the vehicle remarketing process and increase returns.
In 1998, Copart became the first vehicle auction company with physical locations to allow buyers to submit proxy bids over the Internet.
In 2001, Copart introduced virtual bidding, allowing Members to interactively compete online, in real time, with our live auctions.
In 2003, Copart developed VB2, Virtual Bidding - The Second Generation, a new auction-style remarketing technology coupling an open preliminary bidding process with live, online vehicle sales. Using preliminary bidding, Members enter the maximum price they are willing to pay for a vehicle and Copart's Bid4U (Bid for You) feature incrementally bids the vehicle on their behalf. Members who are outbid receive an email notification and are provided the opportunity to re-bid on the vehicle.
In 2013, Copart has again revolutionized the automotive industry with its new auction platform, Virtual Bidding - The Third Generation (VB3). With VB3, buyers around the world have three great ways to join our auctions: mobile, tablet and online. VB3 also introduces our multi-auction dashboard. This dashboard lets buyers participate in multiple auctions simultaneously, all from within a single browser. Buyers can toggle between small and large versions of auction widgets, as well as organize the on-screen display of live sales through innovative drag-and-drop functionality. VB3 also eliminates the need for frustrating plugins and supports all of the latest browsers.
Additional features of VB3 include:
- “Monster Bidding,” which allows for higher bid increments
- Circular countdown timer and in-auction audio elements for a more intuitive and “game-like” experience
- Regional flags representing current and high bidders
- In-auction vehicle detail display with full-size photo browsing
- Intuitive auction list that removes sales already ended or already joined by the buyer
Copart is committed to continually offering compelling and innovative products and services to propel the marketplace forward.
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