Think used cars are expensive? Take a look at totaled cars.
Copart Inc. is a $34 billion company that specializes in auctioning off wrecked cars that insurers deem too damaged to justify the cost of repairs. The insurance companies and other sellers — which include banks, charities and, increasingly, used-car dealers — get what’s recovered in the auction, but they also pay a fee to Copart that in many cases increases proportionally with the value of a vehicle. Late Wednesday, Copart reported record revenue and earnings that handily beat analysts’ estimates, thanks in no small part to what the company said were the highest-ever selling prices for the vehicles auctioned on its platforms.
"car" - Google News
September 10, 2021 at 12:31AM
https://ift.tt/3njFnBm
It's Not Just Used Cars. Even Wrecked Cars Are Getting More Expensive - Bloomberg
"car" - Google News
https://ift.tt/2SUDZWE
https://ift.tt/3aT1Mvb
Bagikan Berita Ini
0 Response to "It's Not Just Used Cars. Even Wrecked Cars Are Getting More Expensive - Bloomberg"
Post a Comment