In this article we highlight why Copart – and specifically the Automotive Division – are helping more and more companies realise exceptional value on what have been considered to be ‘problem vehicles’ for the Automotive sector.
For the most part there are tried and tested ways for UK vehicle fleets, lenders, and retailers to dispose of their vehicle assets. These traditional channels can be highly effective for more conventional, non-problematic vehicles, however, for some categories of vehicles a disproportionate amount of time, cost and effort goes into remarketing them resulting in sub-optimal returns.
When a vehicle has a problematic trait or history – such as a repossession, damage, or high mileage for example – selling it in a conventional marketplace isn’t likely to be easy or most importantly, rewarding, in terms of eventual returns. The overheads associated with processing that vehicle, whether that be in terms of specialist collection, or a more tailored vehicle receiving and handling process – like that of stolen and recovered vehicles for example – combined with ensuring access to the right buyers of these types of vehicle, often means that the more conventional disposal channels, become both more costly and less effective. The common reality is simply that many traditional buyers are either not targeting these type of vehicles or do not have an effective sale route in which to disposal of them profitably.
This is where Copart, and the Copart Automotive division lead the market. Within Copart Automotive there are specific teams focused on delivering high value services to businesses of all sizes, taking these problematic vehicles off the hands of their owners and providing a specialist route to market that delivers a convenient, quick and profitable sale through Copart’s unique online auctions.
When you add together the reality that Copart’s marketplace is 100% digital (and therefore incredibly easy to access), provides a captive global audience of specialist buyers actually seeking out these types of vehicles, and, that Copart has patented auction technology that drives live lane bidding to a frenzy, it is easy to understand why more and more customers are taking advantage of the Copart Automotive offering.
Michael Stewart, Sales Director at Copart Automotive, joined Copart this year from Hyundai UK, bringing a wealth of experience gained in senior leadership roles in several well-known brands across the automotive sector. He is responsible for helping customers by developing products and services which support Automotive businesses and realise value on their sub-optimal vehicle assets. Michael and his team act in partnership to provide solutions for each individual business’s unique challenges but with a shared goal – return as much value as possible on each and every vehicle handled and make that handling as effortless as possible for each and every customer.
Michael’s view on how Copart help is best heard from him directly;
“Copart Automotive represents a fresh focus on providing specialist remarketing services to the wider UK motor industry. As a market leader in the insurance sector, we have a great foundation which has enabled Copart Automotive to grow and grow. Our methods and unique market of buyers hungry for vehicles mean we can offer something totally unique to our customers at zero risk to them.”
Mark Godfrey, Director Automotive Division adds:
“Building on our existing track record of strong auction returns we are now bringing an even more valuable proposition to the automotive sector for vehicle remarketing. Couple this with experienced individuals like Michael leading a range of new product and service initiatives we are confident we can help even more customers achieve unrivalled returns on vehicle disposal.”
“Copart’s Automotive customers get access to vehicle disposal services that take the pain and problem out of those hard to handle vehicles, and with major finance, rental retail and fleet customers already leveraging Copart Automotive services, alongside the already impressive array of Insurance customers selling through us, Copart really is unmatched in the marketplace.”
With major finance, retail and fleet customers already leveraging Copart Automotive services alongside the already impressive array of Insurance customers selling through Copart, Copart Automotive is unparalleled in the marketplace it can offer to the Fleet, Finance, Rental and Retail automotive sectors.