VB3: Copart’s Auction Technology
The Platform Powering Online Auto Auctions
- Toggle option for large or small auction widgets
- Drag-and-drop functionality
- Multi-auction screen for Premier Members
- Monster Bidding
- Circular countdown time
- Bonus Time
- In-auction vehicle detail display with full-size photo browsing
VB3’s two-part auction process: 1) Preliminary bidding, plus the Bid4U feature that incrementally bids, up to the bidder’s maximum bid amount, during the auction. 2) Live online bidding in real-time.
The History of Our Virtual Bidding Technology
VB3, Virtual Bidding - The Third Generation, is the latest iteration of Copart’s virtual bidding technology.
In 1998, Copart became the first vehicle auction company with physical locations to allow buyers to submit proxy bids over the internet.
In 2001, Copart introduced virtual bidding, allowing Members to bid against each other online, in real time.
In 2003, VB2 was developed, which introduced preliminary bidding prior to the live online auction.
Ten years later in 2013, VB3 launched. Again, Copart revolutionized the auto auction industry with the virtual bidding platform that buyers know and use today. VB3 supports all the latest browsers, eliminates the need for plugins, and even extends its capabilities to mobile devices.
See the Auction Technology in Action
Copart’s online auctions are Monday through Friday across more than 170 locations in Canada and the United States. They are accessible through the Copart website or Copart Mobile App.