FAIRFIELD, CA – While many auction buyers and sellers are suffering from slowed business as a result, online auto auctions such as Copart Inc., whose business runs solely through the Internet, can still operate despite the weather. Specifically beneficial to insurance companies, cycle times are not affected, and Copart’s processes can continue to provide a fast return without having to wait a few days for physical facilities to open back up:
- No matter what Mother Nature brings on, online selling platforms keep sales from dropping and provides vehicle buyers and sellers constant service.
- A virtual bidding technology allows buyers and sellers to interactively compete in real time.
- An online selling platform not only creates substantial cost savings but also broadens the buyer base to reach a global audience, resulting in higher demand and competitive returns for its sellers.