Copart Expands in Europe with Second Location in Germany

News provided by

Sep 17, 2018, 08:53 ET

DALLAS, Sept. 17, 2018 /PRNewswire/ -- Copart, Inc. (NASDAQ: CPRT), a global online vehicle auction company, is pleased to announce the opening of its second location in Germany. The facility is located at Industriegelände Nobitz 6, Nobitz, Thuringia, near Leipzig, Germany.

"We are proud to open our second location in Germany," said Alain Van Munster, Managing Director, Copart Germany. "With our proximity to Leipzig, we are able to more efficiently serve a substantial portion of the German market. Our location is also closer to our Members in Poland and Eastern Europe, who represent an important buyer base for our vehicles."

The new Leipzig location is positioned to meet increasing buyer and seller needs in Germany. The location can store up to 4,500 vehicles and hosts biweekly auctions on Thursdays at 12 p.m. Central European Summer Time Zone.

"We are excited to expand our operations in Germany to meet buyers' and sellers' increasing needs," said Nigel Paget, Chief Executive Officer – Europe & the Middle East.

"A critical part of our plan is to roll out multiple locations throughout Germany, creating the best network of sites in the country. I'm proud of how quickly our team is performing and look forward to announcing additional sites soon," said Copart Chief Executive Officer Jay Adair.

To learn more about Copart Germany, please visit https://www.copart.de/en/.

ABOUT COPART

Copart, Inc., founded in 1982, is a global leader in online vehicle auctions. Copart's innovative technology and online auction platform links sellers to more than 750,000 Members in over 170 countries. The company offers services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some cases, to end users. Copart sells vehicles on behalf of insurance companies, banks, finance companies, charities, fleet operators, dealers, and individual owners. With operations at over 200 locations in 11 countries, Copart has more than 125,000 vehicles available online every day. Copart currently operates in the United States (Copart.com), Canada (Copart.ca), the United Kingdom (Copart.co.uk), the Republic of Ireland (Copart.ie), Brazil (Copart.com.br), Germany (Copart.de), the United Arab Emirates, Oman and Bahrain (Copartmea.com), Spain (Copart.es), and Finland (AVK.fi). For more information, or to become a Member, visit Copart.com/Register. Join the conversation and follow Copart on Facebook.