IAA, Copart, & Salvage Auctions
Former National Sales Manager at IAA
inpractise.com/articles/iaa-copart-and-salvage-auctions
Why is this interview interesting?
- Whole-care vs salvage auction process
- How IAA competes with Copart
- Copart's advantage owning the land
- How large corporate accounts view IAA vs Copart
- Opportunities to move into whole car auctions
Copart Inc
Why is this company interesting?
Copart is a leading provider of online auctions and vehicle remarketing services with operations mostly in North America. It is also expanding overseas. The company was founded by Willis Johnson and Incorporated in California in 1982. It became a public company in 1994 and is headquartered in Dallas, TX.
Copart is dominant in its industry, operating in a with a strong balance sheet, high insider ownership and a track record of strong returns.
The company has a robust competitive position. For decades, Copart has acquired land in key cities around the US. As a result of zoning restrictions and the growth of American cities, Copart’s land position would be impossible to replicate today. Copart operates in a duopoly with Insurance Auto Auctions.
Former National Sales Manager
Former National Sales Manager at IAA
Interview Transcript
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