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Headquartered in Dallas, Texas, Copart has more than 200 physical locations around the world, where it houses more than 10,000 acres of vehicle inventory. Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses around the world.
At the salvage yard, the automobiles are typically arranged in rows, often stacked on top of one another. Some yards keep inventories in their offices, listing the usable parts in each car, as well as the car's location in the yard. Many yards have computerized inventory systems. About 75% of a vehicle can be recycled and used for other purposes.
That acquisition attempt was discontinued in April 2022. In March 2023, Ritchie Bros. completed the acquisition of U.S. auto retailer IAA Inc. in a stock and cash deal worth $7 billion. [14] [15] It was announced in May 2023 a new name for the parent company, RB Global. [16]
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Location of Arizona. Arizona is a state in the southwestern region of the United States. The region's second-quarter 2018 gross state product was $344.6 billion, with growth driven by the information and manufacturing sectors. [1]
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