Published on Autolabari Auto Hub — www.autolabari.com
Helping Nigerian buyers make smarter, data‑backed automotive decisions.
INTRODUCTION
Scrolling through reels about Copart cars can feel like discovering a hidden goldmine — cheap auction cars from the U.S., potential bargains, rare models. But one critical question remains: is it hype or a real opportunity?
If you are considering buying or importing used cars (popularly called Tokunbo in Nigeria) from platforms like Copart, information is your strongest protection. This article explains the reality using data, trends, risks, and smart strategies — without exaggeration.
WHAT IS COPART?
Copart, Inc. is one of the largest online vehicle auction platforms globally. Founded in 1982, the company operates in more than 11 countries and lists over 175,000 vehicles daily. Millions of vehicles are sold annually to buyers across more than 180 countries.
Copart primarily sells vehicles on behalf of insurance companies, banks, rental fleets, and individuals. Most vehicles are sold “as‑is,” meaning buyers carry the full risk.
NIGERIA’S USED CAR IMPORT MARKET — KEY STATISTICS
Nigeria’s used vehicle import market remains large but highly sensitive to exchange rates, government policy, and consumer purchasing power.
In 2022, Nigeria spent approximately ₦325 billion on used vehicle imports — a sharp decline from the previous year.
In 2023, used vehicle imports rebounded strongly, exceeding ₦1 trillion.
By the third quarter of 2025, used vehicle imports were estimated at about ₦1.71 trillion, with the United States accounting for over 40% of total imports.
These figures show that despite economic pressures, demand for imported used vehicles remains strong.
WHY COPART CARS ATTRACT BUYERS
Buyers are drawn to Copart because:
• Vehicles often appear cheaper than Nigerian market prices
• Access to a wide range of models and specifications
• Online auctions allow global participation
However, a low auction price does not equal a low final cost.
THE RISKS YOU MUST UNDERSTAND
Most Copart vehicles fall into salvage or insurance write‑off categories. Some have accident damage, flood exposure, or mechanical faults not visible in photos.
Common mistakes include:
• Buying without a VIN history check
• Misunderstanding salvage titles
• Ignoring total landing costs (shipping, clearing, repairs)
A car that seems cheap at auction can become very expensive after arrival in Nigeria.
COPART AUCTION REALITIES
Copart auctions are competitive and global. Nigerian buyers compete with buyers from Europe, Asia, and the Middle East.
Important facts:
• Most vehicles come with no warranty
• “Run and drive” does not guarantee roadworthiness
• Membership, bidding, and broker fees apply
Due diligence is essential.
SMART STEPS BEFORE BUYING
Before bidding or importing:
• Run a full VIN history check
• Calculate total landing cost realistically
• Understand Nigerian resale and maintenance implications
• Avoid emotional bidding
FINAL THOUGHT
Copart cars are not scams, but they are not shortcuts to cheap car ownership either. With Nigeria importing over ₦1 trillion worth of used vehicles annually, informed decision‑making is the difference between profit and regret.
Autolabari Auto Hub exists to support car buyers with clear, honest, and educational automotive insights — helping Nigerians make smarter car decisions before money changes hands.