Copart was founded in 1982 by Willis J. Johnson, who now takes the title of CEO. Johnson learned everything he needed to know about business from his father, who took part in all sorts of businesses, ranging from dairy farms to restaurants to houses. In 1994, Johnson took the company public with NASDAQ in order to raise enough money to expand Copart around the country. This company is a true American success story. It started out small – just one salvage yard in California. Now it employs nearly 3,000 people and is headquartered in Dallas, TX. Copart sells more than 1 million vehicles each year and has more than 50,000 vehicles available for bidding each and every day. Copart has been featured on Forbes’ “200 Best Small Companies” nine years in a row and was on the TV show ‘World’s Best’ named as “World’s Best Remarketing Company”. And we all know how Inloher Corp became involved. A few years ago when the president of Inloher Corp. heard about Copart, he was very disappointed to learn that the general public is not allowed to purchase salvaged vehicles because Copart auctions are limited to licensed auto dealers. Inloher Corp came about to resolve this. It was created in 2004 as a Florida Licensed Auto Dealer. Basically, Inloher was licensed by Copart to show images of the vehicles on sale. With no previous website development experience and minimal funding, Inloher managed to open three websites through which the general public could access Copart vehicles; no dealer license required. Finally, Copart’s vehicles were available to everybody! And the rest, as the say, is history.
