Copart places the vehicle in the pure sale category with a future auction date and an estimated retail value of 5200000 and a current bid of 0. Soon after with zeronadano incremental bids the first current bid becomes 2200000.
Copart S Management Addresses A Future Risk
Copart future sale meaning. Dont get into a bidding war if there are lots of live auction bids you can probably find a better deal. If you have added a vehicle to your watchlist you will receive an email update when that vehicle receives a sale date. Copart makes no representations as to the validity or accuracy of the listed repair cost. Cprt q1 2020 earnings call transcript cprt earnings call for the period ending october 31 2019. Sales status sales status indicates the current status of the lot. Lot will be awarded to the highest bidder at the close of bidding during the virtual auction.
In these cases we will display future sale or expected sales date as placeholders until copart provides a sale date. December 10 2018 1235. Occasionally copart does not provide a sale date while listing a vehicle available for auction. Sale time sale time is the time that the virtual auction begins. Id like to know on average how long it takes for a car to get out of that status. When they list it as future sale is there a maximum limit set.
Last few cars i bought on copart generally seem to get bid up 50 in the week prior 40 the night and morning before the live auction then usually a few bids in the live auction. And 2 managers at the same dealership. Coparts future sales label on a car. Pure sale no minimum bid or reserve price. As you search vehicles and place bids it helps if youre familiar with the possible sale statuses that can be assigned to vehicles for sale. On approval vehicles sold on approval will not be released to members unless and until the seller notifies copart of its acceptance of the high bid.
Possible values and their meaning are. Or can they stretch years before the car even goes on auction. Coparts future sales label on a car. Copart recommends that each bidder evaluate the damage to determine the extent of the repairs necessary. This number is presented for informational purposes only. No minimum bid or reserve price.
Gallery of Copart Future Sale Meaning
