Copart, Inc. (NASDAQ:CPRT), a leading online vehicle auction company,
and Dealer Services Corporation (DSC), a leading independent used-car
financing company, have made it easier for Copart members to access more
purchasing power.
Copart has integrated DSC into its website at www.copart.com,
allowing members to select and pay for vehicles by accessing their DSC
account. Copart has also created a link so members can go directly to
the DSC website at http://www.discoverdsc.com
and sign up for a DSC account if they don’t have one. The integrated
system not only gives members access to more purchasing power, it also
simplifies the financing process and saves time.
Copart sells a wide selection of vehicles on behalf of insurance
companies, banks, finance companies, fleet operators, dealers, car
dealerships, the general public and others using a patented virtual
auction technology called VB2.
"Copart is always finding new ways to streamline the process for our
members so they can find the vehicles they need in our vast inventory of
more than 50,000 vehicles each day and purchase them quickly and
easily,” said Copart President Jay Adair. "By allowing our members
direct access to DSC, we are simplifying the process for them so they
can maximize their purchasing power.”
"DSC has been serving Copart members for several years,” said DSC CEO
John Fuller. "During that time, Copart has continued to distinguish
itself as a top-notch service provider to the customers it serves. With
this electronic integration to DSC’s financial services, Copart once
again raises the bar on industry service, technology and efficiency. DSC
is greatly pleased to offer this great new service to Copart’s members.”
ABOUT DSC
Dealer Services Corporation (DSC) is the largest independent inventory
finance company in North America. Establishing its footprint in July
2005, DSC is represented in over 68 markets nationwide. Led by industry
pioneer John Fuller and complemented by an experienced staff, DSC
provides flexible and cost effective inventory financing solutions to
dealership operations in the areas of: Automotive retail and wholesale,
Salvage, Used Vehicle Leasing, Daily Rental and Consumer Financing.
DSC also provides dealer operators with competitively
priced business insurances and aftermarket products. DSC is prepared to
handle all aspects of "floor planning" from the most traditional to
today’s on-line environment and is proud to have over 11,000 contracted
dealers. Discover the difference at www.discoverdsc.com
ABOUT COPART, INC.
Copart, founded in 1982, provides vehicle sellers with a full range of
remarketing services to process and sell cars, trucks, motorcycles and
other vehicles to dealers, dismantlers, rebuilders, exporters, and to
consumers. Copart remarkets the vehicles through an Internet based
auction utilizing its patented 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 147 facilities in the United
States, Canada and the United Kingdom. For more information, or to
become a registered buyer, visit www.copart.com.
Cautionary Note About Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of federal securities laws, including statements regarding the
impact or benefit of Copart’s business relationship with DSC on Copart’s
customers. Actual results may differ materially from those in the
forward-looking statements due to a number of risks and uncertainties,
including requirements or changes adversely affecting the business in
which DSC is engaged and economic conditions affecting the availability
of business and consumer credit. For a more complete discussion of the
risks that could affect Copart’s business, please review the
"management's discussion and analysis” and the other risks identified in
Copart’s latest Annual Report on Form 10-K, Quarterly Reports on Form
10-Q, and Current Reports on Form 8-K, as filed with the Securities and
Exchange Commission. Copart encourages investors to review these
disclosures carefully. Copart does not undertake to update any
forward-looking statement that may be made from time to time on its
behalf.