In the third quarter of 2010, Copart announced a 23% in vehicle sales as well as 17% increase in the price of vehicles sold. As new car purchases remain at record lows, people will require replacements and repair parts, increasing demand for scrap metal as well as increasing Copart's consumer base.
In 2008 US car sales fell 18% and are expected to remain well below historical levels for the next several years. This means that people will be keeping their cars longer instead of replacing them. Older cars require more maintenance and replacement parts. The aging of the US automobile fleet will then increase demand for the replacement parts required to keep this fleet operational, thereby increasing demand for Copart's products.