Copart Launches iPhone App for Selling Vehicles

FAIRFIELD, Calif., May 2, 2011 /PRNewswire/ -- Copart, Inc. (NASDAQ: CPRT), a leading online vehicle auction company, has launched a new iPhone app, Copart Sell My Car, in support of the company's CopartDirect model, which allows on-the-go users to sell their car and receive payment in as little as one business day.

CopartDirect is a division of Copart dedicated to offering a faster and easier way to sell vehicles. CopartDirect provides consumers with an offer to purchase their vehicle when they enter their information into the iPhone app.  For the first time, consumers can take this exciting technology and exceptional service with them anywhere.

The Copart Sell My Car app allows consumers to sell their vehicle using three simple steps:

1. Using an iPhone or other compatible device, users submit contact and vehicle information and can also upload vehicle photos.
2. The Copart team will respond with any follow up questions, or an immediate offer to purchase the vehicle.
3. Users can simply drop off their vehicle at any one of Copart's 137 locations nationwide, or have Copart pick up the vehicle, typically within one business day, and receive payment on the spot.

"Our customers have told us they want a simple, hassle-free way to sell their cars," said Copart, Inc. CEO Jay Adair. "The Copart Sell My Car app enhances the customer experience by allowing them to request a quick and fair offer for their vehicle at any time and any place."

Consumers can also choose to sell their vehicle using Copart's auction model, where Copart's registered buyers from around the world are ready to bid on the consumers' vehicle.

The Copart Sell My Car app is compatible with iPhone, iPod touch, and iPad. Download the free Copart Sell My Car app today for immediate service wherever you are!

For more information about CopartDirect, please visit our website or contact us at (707) 639-5019.

About Copart

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 states, to end users. Copart remarkets the vehicles through Internet sales 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 152 facilities in the United States, Canada and the United Kingdom. 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. For more information, or to become a member, visit www.copart.com.

SOURCE Copart, Inc.