Companies like Copart and Insurance Auto Auctions (IAA) have transformed a once-fragmented "junk" business into a highly digital, centralized engine that processes millions of vehicles annually. The Industrial Alchemy: Turning Loss into Profit
The marketplace for totaled cars—often dismissed as the "graveyard" of the automotive world—is actually a sophisticated multibillion-dollar ecosystem that sits at the intersection of high-stakes finance, environmental sustainability, and the global circular economy. places that buy totaled cars
Vehicles beyond any repair are crushed and sold to steel mills. Remarkably, about 75% of a modern car's mass, including its steel frame, is fully recyclable. The Environmental and Social Impact Companies like Copart and Insurance Auto Auctions (IAA)