The Car and Truck Fleet and Leasing Management Magazine

Copart Adds Second Facility in Richmond, VA

November 28, 2008

FAIRFIELD, CA --- Copart Inc. announced the opening of a second facility near Richmond, Va. This latest addition to Copart's growing footprint marks the company's third facility in Virginia, the 133rd facility in North America, and the 145th facility worldwide.

Copart CEO and founder Willis J. Johnson said the 44-acre site, located just east of Richmond in the city of Sandstone, will serve a busy and growing Richmond area, as well as continue to decrease cycle times and reduce storage and fuel costs for customers.

"This new location in Richmond will also allow for increased capacity at neighboring Copart locations," Johnson said.

Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dismantlers, rebuilders, exporters and, in some states, to end users. Copart remarkets the vehicles through Internet sales using its proprietary VB2 technology.

Copart sells vehicle on behalf of fleet operators, insurance companies, banks, finance companies, dealers, car dealerships, the general public and others.



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