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Thursday May 2

Copart Opens in Tucson, Arizona

Copart, Inc. has opened a second auction facility to serve the state of Arizona in Tucson. With the addition of this 15-acre green-field facility Copart now has 90 locations in 40 states.

"The new Arizona location is in the southern section of Tucson next to Interstate 10," said Willis J. Johnson, Copart's Chief Executive Officer. "We located this property over one year ago and have spent the last 12 months completing development of the facility. The new facility will allow us to better serve our suppliers in the southern Arizona region. Previously this area was served by our Phoenix facility, which is over two hours away."

Copart, founded in 1982, provides vehicle suppliers, primarily insurance companies, with a full range of services to process and sell salvage vehicles through auctions, principally to licensed vehicle dismantlers, rebuilders, repair licensees and used vehicle dealers. Salvage vehicles are either damaged vehicles deemed a total loss for insurance or business purposes or are recovered stolen vehicles for which an insurance settlement with the vehicle owner has already been made. Copart operates 90 facilities in 40 states. It also provides services in other locations through its national network of independent salvage vehicle processors.

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