Online vehicle auction Copart has announced that Allstate Insurance Company has selected it as the insurer’s exclusive auction in Ontario, and the exclusive national provider of vehicle sales and auction services in the U.S.
“We chose Copart because of its proven track record in meeting the needs of our customers and assisting us in realizing our strategic objectives,” said Bill Daly, Allstate’s assistant vice president of auto claims. “We believe that Copart's proven method of auctioning vehicles provides us with the best opportunity to maximize our salvage results.”
“This agreement with Allstate further establishes Copart’s VB2 online auction model, which to date has sold more than seven million vehicles,” said Copart president Jay Adair.
Copart, founded in 1982, provides vehicle sellers with a full range of 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 proprietary VB2 technology.
Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships, the general public, and others. The company currently operates 153 facilities in the United States, Canada, and the United Kingdom.