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Copart Inc
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=== How Copart Inc works<ref>https://www.copart.com/how-it-works/</ref> === {| class="wikitable" | colspan="2" rowspan="1" |Copart Inc Operation Overview |- |Vehicle Acquisition |Copart acquires vehicles primarily through partnerships with insurance companies, fleet owners, financial institutions, and other sellers. These vehicles are typically classified as salvage, used, or wholesale. |- |Vehicle Listings |Once Copart receives the vehicles, they are inspected, evaluated, and assigned a category based on their condition. The vehicles are then listed on the Copart website, providing detailed information such as make, model, year, mileage, and any existing damages. |- |Online Bidding |Interested buyers can browse the listings on Copart's website and participate in online auctions. Registered buyers have access to bid on the vehicles they are interested in. Bidding can take place manually or through Copart's proprietary software that automates the bidding process. |- |Virtual Auctions |Copart conducts virtual auctions where registered buyers can place bids in real-time. The auction process includes a specific duration during which bids can be placed. The highest bidder at the end of the auction wins the vehicle. |- |Vehicle Inspection |Prior to bidding, buyers have the opportunity to inspect the vehicles either in person at designated Copart facilities or by reviewing detailed inspection reports and photos available on the website. This allows buyers to assess the condition of the vehicle before placing a bid. |- |Vehicle Transportation |After the auction ends, the winning buyer is responsible for arranging transportation to move the purchased vehicle from the Copart location to their desired destination. |}
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