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Letter to the Editor
Monday July 1
Copart Acquires Mason-Dixon Public Auto Auction
Copart, Inc. has acquired Mason-Dixon Auto Auction of Greencastle, PA. With the addition of this 75-acre facility Copart now has four MAG (Motors Auction Group) sites.
"Mason-Dixon is one of the largest public automobile auctions in the country," said Willis J. Johnson, Copart's Chief Executive Officer. "They sell over $34 million in vehicles annually and draw thousands of buyers from all over the Northeast. For a typical Tuesday night sale, they will auction over one thousand cars and may have buyers who travelled from Ohio, Pennsylvania, Virginia, Maryland or Washington, D.C. to find a deal on a car. This new MAG site is the largest public auction that Copart owns in terms of physical size and units sold. In fact, with the addition of the Mason-Dixon location, we will more than double our annual MAG volume."
Since August 2001, Copart has added ten locations including two MAG sites in New Castle, DE and Greencastle, PA, and eight Copart Salvage sites in Savannah, GA; Tifton, GA; Charleston, WV; Lyman, ME; Tucson, AZ; Somerville, NJ; Haslet, TX and Amarillo, TX.
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. Copart now operates 94 facilities in 40 states and provides services in other locations through its national network of independent salvage vehicle processors.
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