In his review, Siersleben summed up Copart's "great development": "We are growing, currently marketing 4,500 to 5,000 vehicles per month, i.e. around 54,000 to 60,000 this year."
Young successful platforms
There is also growth in the private vehicle sector with the "Cash for Cars" platform, where the marketing target for 2025 is around 16,000 vehicles. And even in the new "CDS Copart Dealer Service" area, which was only launched just under six months ago, the company is now aiming to market around 2,000 cars.
Kai Siersleben also proudly reported that there are now 13,000 active Copart members, which represents an increase of 25 percent compared to last year's trade fair alone. The Copart Germany boss summed up the importance of many members as follows: "The higher the membership, the better it is for sales revenue."
Siersleben believes that the Düsseldorf-based company is excellently positioned in the comprehensive insurance sector. He is particularly pleased with the growth in the third-party liability segment, which now accounts for 15 percent of vehicle sales.
Fleet and Rent accelerates
Head of Sales Florian F. Stumm then also addressed the "pleasingly strong growth in the fleet and rental sector" at Copart: "We are not only growing with accident vehicles from K-claims insurers, but also in the fleet sector, where we were able to acquire well-known customers from leasing and rental companies in 2024 and thus experienced growth of more than 80 percent."
The insider insights and anecdotes provided by König and Danner led to many questions from and interesting discussions with the participants at the Copart regulars' table.
