Copart and Dealer Services Corporation Integrate Systems to Make It Easier for Buyers to Access Floor Planning Services
FAIRFIELD, Calif.--Copart, Inc. , 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.