DUBAI, UAE, September 7, 2015 /PRNewswire/ --
Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, today announced the opening of its new corporate regional headquarters for the Middle East. The new office is on the same site as its 26-acre auction facility, with capacity to store over 2,500 vehicles. It houses both the day-to-day operations and customer service areas for its auction business, as well as the management offices for the region. This location is in the centre of the Dubai Auto Zone of Dubai Industrial City, with illustrious neighbours such as AW Rostamani, Gargash and Al Habtor, and is close to the future site of Dubai Expo 2020.
Copart opened its first Middle Eastern operation in Dubai, UAE, in 2012, with its first auction there taking place in August of 2012. Moving to this new location will better enable Copart to serve its customers, as the company furthers its commitment to being the region's leading auto auction company.
"We are pleased to officially open this new office in Dubai," said Carlos Sabugueiro, Copart's CEO of the Middle East and Africa. "This investment shows our confidence in and commitment to the region. Like many other companies, we have built our regional headquarters in Dubai because of its prime location, ease of doing business and its visionary leadership."
Copart has an ever expanding global buyer base and a growing share of the salvage business from its Insurance customers in the Middle East. This new location will enable the company to add value for its buyers and sellers in the region and beyond.
"With the addition of this prime location in Dubai, we continue to develop our footprint in the Middle East," stated Vinnie Mitz, Copart's president. "We are excited about the opportunity this expansion provides for our buyers and sellers across the globe."
Copart, founded in 1982, provides vehicle sellers with a full range of remarketing services to process and sell salvage and clean title vehicles to dealers, dismantlers, rebuilders, exporters and, in some locations, to end users. Copart remarkets the vehicles through Internet sales utilizing its patented VB3 technology. Copart sells vehicles on behalf of insurance companies, banks, finance companies, fleet operators, dealers, car dealerships and others as well as cars sourced from the general public.
The company currently operates in the United States and Canada (http://www.copart.com), the United Kingdom (http://www.copart.co.uk), Brazil (http://www.copart.com.br), Germany (http://www.copart.de), the United Arab Emirates, Oman and Bahrain (http://www.copartmea.com), India (http://www.copart.in) and Spain (http://www.autoresiduos.com). Copart links sellers to more than 750,000 members in over 150 countries worldwide through its multi-channel platform. Copart was recently ranked at the top of Deloitte's "Exceptional 100" list of companies, which reviewed U.S. publicly traded companies based upon a multidimensional approach to measuring financial performance.
Copart Middle East Corporate Regional Office
CEO - Middle East & Africa
SOURCE Copart Middle East