Copart: Salvage Yard Operations
Former Regional Operations Manager at Copart
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Copart: Salvage Yard Operations(April 1, 2024)
Former Regional Operations Manager at Copart
The expert is a former Regional Operations Manager at Copart. With 22 years at the company, he managed South East USA's Golf Area, overseeing 30 locations and 1000 employees. Starting as a General Manager at a single facility, he was promoted and gained profound knowledge in day-to-day operations, from assignment to sale. He dealt with C-suite management daily, especially regarding fleet needs in the yard. He's well-acquainted with Willis Johnson (Copart's founder), Jay Adair (Current CEO), and Jim Meeks (Former COO).
Interview Transcript
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On average, how much would you advance the insurer for storage and initial transportation to the repair shop?
Let's say the tow fee was $100, and the car stayed there for ten days before the insurance representative inspected it. That's $40 per day, adding up to $400. So, the total would be $500. However, insurance companies often declare these vehicles as total losses over the phone. They'll send a picture and instruct to tow it to Copart. This is because repair shops charge for storage, while Copart does not. Therefore, they prefer to move the car out of the shop to avoid storage charges.
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