copart inc. News

Despite Smart Cars, There’s Still Money to Be Made from Damaged Vehicles

The 2019 Ferrari 812 Superfast is a beast by any measure. With 789 horsepower and a top speed of 211 miles per hour, it retails new for about $363,000. It could be yours for a fraction of the price, if …

The $900 Billion Auto Aftermarket: Where Total Losses Turn Into Big Gains

Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and transmissions. On this February morning, though, the suburban …

Tackling Houston’s Flood-Damaged Cars Takes an Army of Tow Trucks

How do you remove hundreds of thousands of damaged cars from a massive city still mired in water and muck? Tow-truck driver Alex Toll will tell you: one vehicle at a time. Toll is part of an army of more …

Ohio Treasurer Withdraws Insurance Claim, Sells Damaged Vehicle for $938

Records show Ohio treasurer Josh Mandel’s failed Senate campaign sold a vehicle totaled in a March wreck shortly after questions arose over the continued use of the vehicle, averting an insurance review that might have clarified unanswered questions surrounding its …