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Copart Expands VB2-Powered Online Sales to Europe

July 12, 2005

FAIRFIELD, CA — Copart, Inc. has entered into an agreement with Lithuania-based Hansa Finance, which will result in the first VB2-powered online vehicle sales in Europe. Hansa is based in Klaipeda, Lithuania, and has been importing vehicles acquired from Copart’s salvage operations and Copart’s wholesale dealer auction partners into Europe since last year. Under terms of the agreement, Hansa will utilize VB2 to remarket vehicles in Eastern Europe. Hansa buys vehicles in the United States and ships them to Europe through the Port of Klasow, a new facility located in Klaipeda, Lithuania. There, vehicles are redistributed to surrounding countries, primarily Russia, Ukraine, Latvia, Kazakhstan, Uzbekistan, and Georgia.
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