DALLAS (Nov. 8, 2018) – Copart, Inc. (NASDAQ:CPRT), a global online vehicle auction company, will begin auctioning vehicles from its new facility located at Zülpicher Str 150 Duren, near Frankfurt, the largest financial center in continental Europe. This is Copart’s sixth location in Germany.
“We are thrilled to offer an unmatched experience for our buyers in and around Germany through the best salvage vehicle auction platform in the world,” said Alain Van Munster, Managing Director, Copart Germany. “Our global online auction tool provides a seamless experience for buyers and insurance companies.”
The new location will begin its vehicle auctions at 12 p.m. Central European Time (6 a.m. Central Daylight Time) on Nov. 16, 2018. Eligible buyers can join auctions and bid on inventory on Copart.de or through the Copart Mobile App for iOS and Android devices.
“Opening four new locations for business within three weeks is a remarkable accomplishment,” said Nigel Paget, Chief Executive Officer – Europe & the Middle East. “Our investment in technology, facilities, people, and processes speaks volumes about Copart’s commitment to the German market..”
“I am proud of the Copart team for helping expand our network of locations quickly in Germany, creating multiple opportunities in the vehicle auction industry in Europe and beyond,” said Copart Chief Executive Officer Jay Adair.