DUBAI, UAE and MANAMA, Bahrain, April
12, 2015 /PRNewswire/ --
Copart, Inc. (NASDAQ: CPRT), a leading
online vehicle auction company, today announced the opening of its
second facility in the Middle
East, Copart Bahrain Auctions W.L.L. This facility will open
in Manama, Bahrain, on
April 12, 2015, with auctions taking
place every Sunday at 5 p.m. local
time.
(Logo:
http://photos.prnewswire.com/prnh/20141126/718004 )
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 Bahrain," 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."
Copart has signed agreements with a number of leading motor
insurers in Bahrain. The company
continues to attract buyers from around the GCC, where Copart
offers its patented online auction technology.
"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."
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 (http://www.copart.com),
the United Kingdom
(http://www.copart.co.uk), Brazil
(http://www.copart.com.br), Germany (http://www.copart.de), the
United Arab Emirates and
Bahrain
(http://www.copartmea.com), and Spain (http://www.autoresiduos.com). Copart
links sellers to more than 750,000 members in over 150 countries
worldwide through its multi-channel platform. Copart was recently
ranked at the top of Deloitte's "Exceptional 100" list of
companies, which reviewed U.S. publicly traded companies based upon
a multidimensional approach to measuring financial performance. For
more information, or to become a member,
visit http://www.copartmea.com.
To find out more, visit our website http://www.copartmea.com,
contact our Head Office in the Middle
East on +971-(0)4-379-27-07 or email us on
infouae@copart.com.