Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, today announced the opening of its second facility in the Middle East, Copart Muscat Auctions LLC. This facility will open in Oman this March, with its principal office and location in Halban/Barka. Auctions will take place every Tuesday at 5 p.m. local time.
Copart opened its Middle Eastern headquarters in Dubai, UAE, in 2012, with its first auction there taking place in August of 2012.
“We are pleased to open this new facility in Oman,” said Carlos Sabugueiro, Copart’s CEO of the Middle East and Africa. “We now have a solid buyer base in the region that is familiar with Copart, and it just makes sense to expand. We believe this location will bring significant value to our customers in the Middle East and across the globe. It will also help us reach more buyers from the Middle East.”
Currently, the UAE is the second largest international destination for cars sold from Copart’s North American yards. Adding new locations will provide buyers more immediate auction inventory in the region.
“We are excited about the growth in the Middle East and what it ultimately means for our buyers and sellers,” stated Vinnie Mitz, Copart’s president. “We sell to buyers in over 150 different countries, so as our global operations expand, so does the buyer base for our locations worldwide. Copart will continue to add value for its buyers and sellers throughout the Middle East.”
To find out more, visit our website www.copartmea.com, contact our Muscat office on
+ 5647385674 or email us on infomuscat@copart.com
ABOUT COPART:
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales utilizing its VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public. The company currently operates in the United States and Canada (www.copart.com), the United Kingdom (www.copart.co.uk), Brazil (www.copart.com.br), Germany (www.copart.de), United Arab Emirates and Sultanate of Oman (www.copartmea.com), and Spain (www.autoresiduos.com). Copart links sellers to more than 750,000 members in over 150 countries worldwide through its multi-channel platform.
