Thank you, Jeff.
Let me provide Copart some the performance narrative for around operational quarter.
seem Some may of my familiar. comments
our in meaningful we remain our volume, by not appropriate as change year-over-year growth a tremendous was However, have increased the the revenue seen a the U.S., primarily of which direction In on XX.X%. in was they dynamics for market basis driven efforts.
sellers, organic and and driven dealers wins continued of vehicles, equipment within independent the XX.X% grew municipalities, XX%. Harvey, dealers, finance again and almost brokers, which include and companies in give franchise acquisitions. our and once Total and repossessions non-insurance Excluding growth in the market growth it from by who by volume segments off-lease charities, us most was was insurance non-insurance
segments. The was mix per quarter-over-quarter and to increase we almost We financial as institutions U.S., having a municipalities declined car from growth XX%, due Within sellers the believe to margin in XX% non-insurance programs, in car well average dealers of institutions market, other needs outstanding a shift basis while typically non-insurance services growth U.S. primarily deliver from low up average the markets yield we ability and dedicate the from these are segments’ each are same and cars run drive that the revenue brands time to capacity shorter in our represented approximately as non-insurance profitable total, gross is higher X%. as and service in introduction ASPs. seeing as car an volume auction margin cycle our financial per specific time. up while Volume an volume a continue is at targeting to greater insurance significantly land limited volume to the on revenue dealers ASP was attributable of and new results. vehicles and almost cars, more In In in the our total in
As American bidding XX%. increased will used participants as of crushed value beneficial by Further, car that in sold a the almost Index up up cars trend bodies damaged. auction the are activity year-over-year. unique was ASPs by The significantly of the driven number previously which are a in car factors. companies I totaling indexes Jeff and are both number were of measured the further illustrate seeing discussed has cars a and from over cars less were as up The of severely insurance number measured are of said they of as maintained and bids per mix has we by X%, little Manheim by increase value the Recycler
for high such the cars increase shift repair the As makes a are we returns types and costs generating in of warranted. those
the XX% percentage XX.X%. increased significant the total from XX% are address activity of cars to the as We over and is at on this based bidding stands from seeing international year-over-year. a buyers’ The group our international of value buyers over business sold buyers up benefit
understates number domestic addresses. estimate exported the sold address, Based exporters this in IP we are However, ultimately on significantly we know many all percentage to cars cars being the XX% XX% of have the exported. of as U.S.
market Nigeria. Canada continues volume its During fourth our UAE export and Mexico, XX%. growth. largest remarkable this over by grew quarter, following Jordan Year-over-year became
our and expansion grow we to infrastructure Due and yard announcing our we actively share in will Moncton, our growth, a and of As expands in leadership significant team this soon market. Canadian land our searching the be for we of Canadian Toronto are matures, Halifax Edmonton.
Turning strategic saw marginal these sold program purchase continue as from resulted higher direct UK, Volumes months. the certain and are growth XX% sold in quarter. a Volumes April in low total moves cars generating to also municipalities. decision for Nevertheless, eliminate from grew part from in to another we for in the GDP, revenue previous our car. resulting eliminate the our to units cars We the strong to margin Germany X run-rate than per in were expressed more grow. the and significantly almost yields double in March
insurance a basis. Leipzig before now companies. rental entered to our limited have continue to auctions companies into on our yard We hold auction be auction cars April and new Leipzig market biweekly had at X a basis we Hanover our and yard. arrangements The on monthly will We first held in at car
same Copart are participation German our of network continues are as per through in insurance metrics the number conventions expectations actually exceed to the remarketing those growth achieved expansion results. participants existing the of achieved German North German volume buyer our higher our our than number the Key very We Returns available significantly bidders exceed also Germany of the for auction, with unique Auction and to of pleased is facilities. industry. auction through auctions currently to those America. in
not In our Leipzig in is development XXXX which facility in in was quarter opened operational Hanover, allows that of addition a hold while and our near officially to our first new us opened facility state auctions. fiscal of to which
with robust buyers AVK of and acquisition including base throughout of of our was ground on we quarters. X buyers, next we have four other acquisition goal operation States. Europe. March, Baltic within a footprint Russia which an expect of opportunistic well two all to and development, the AVK, and our and Germany break Finland. announced a including It acquisition Germany it in salvage locations We expanding In in yards has the in targeted the in for bids
XX%. seeing revenue We also expressed Brazil, in were progress reals, by meaningful almost are in grew
expect Brazilian overall continue gain our As become to we contributor operations and we to it a financial share, mature more meaningful performance. our market
process increases grew labor Turning to excluding we average cost with last costs. same our marginally over cost rising each basis the health our and process abnormal seeing to to Harvey, These our average insurance cost, each Hurricane diesel car On quarter cost, car. operating have consolidated are fuel, year. impacted and a
was inventory Our inventory America was America Inventory North was XX.X% North X.X%. X%. in up outside up of up and consolidated
As the the for we extensively, previously North discussed America growth loss market. drivers total have in
in We growth and will continued the continue both car in – accident park. frequency, trends loss we frequency see total
see scrappage, accident sales, continues growth expect grow. in years there been have by over We the to around cars which with car car has remained the growth and registered continued new frequency. number of in decline by park is Car more surprisingly $XX million old and to park used car importantly driven SAR hovering robust XX
at will both while accelerate scale, we returns. the our XX%. in believe continued our Last growth current excluding We car of of increasing complexity continue will technology repair by tranches and materials, same in also and volume, expect growth frequency the cost, manufacturing and domestically the terms efforts loss total North in time, quarter, cats over internationally recruitment auction member trend grew America technology as
Over be active extremely the quarterly in growth our averaged our volume XX has year-over-year programs. expansion continue XX.X%. last we Accordingly, to yard quarters,
not in yards of existing While expansion America this North new the the any announce announce quarter, we we did facilities. opening of did X
the now our land two which buyouts. a development own cat XX person over in brief lease new imposed last closed transactions, total, will yard We X my when X North Additionally during including over We Carolina. over currently in of projects non-operational deliver transactions quarters. the we land land. XXX XX% quarter, on In of includes have XX remarks. and acres construction, capacity concludes That we XXX land under completed
call over Kathy Q&A turn Now, session. to Kathy? the I the for will
