Copart, Inc. (NASDAQ:CPRT), a global online vehicle auction company, announced a strategic partnership with CHAMPtitles, a leading developer of innovative online title processing software. Together, they are pleased to introduce an automated digital platform for car sellers, including insurance companies, that alleviates the need for manual paper and mail-oriented vehicle title processing.
“At Copart, we are constantly striving to deliver industry leading solutions to our buyers and sellers,” said Copart President Jeff Liaw. “That is why we aligned with CHAMPtitles to offer a platform that delivers accelerated title turnaround times and reduced claims management costs.”
“CHAMPtitles is laser focused on ushering vehicle title processing into the digital era,” said CHAMPtitles CEO Shane Bigelow. “We are excited to deliver with Copart a transformative approach to title processing.”
Currently, CHAMPtitles is being utilized in states where the service is permitted and is expected to be implemented in additional states soon.