WOMauktion.com, officially known as WOM WreckOnlineMarket GmbH, is a prominent European online auction platform specializing in the sale of used and damaged vehicles. Established in 2005 and headquartered in Karlsruhe, Germany, WOM serves a wide array of commercial clients, including insurance companies, automotive experts, fleet owners, dealers, and recycling companies. This comprehensive platform provides a streamlined marketplace for the valuation and auctioning of damaged vehicles, making it an essential resource for those in the automotive industry.
About WOMauktion.com
Founded in 2005 as WOM WreckOnlineMarket AG in Baden-Baden, the platform has steadily grown its market presence. Significant milestones include:
- 2011: Reaching over 1,000 new vehicle registrations per day.
- 2012: Acquisition by Copart Inc., a global leader in online vehicle auctions.
- 2020: Launch of WOM 2.0, featuring a redesigned user interface and improved functionalities.
- 2021: Achieving over 50,000 listings within a single month, prompting a move to larger offices in Karlsruhe.
The company operates under a GmbH (private limited company) structure and employs over 100 people from 13 nationalities, highlighting its commitment to diversity and international engagement.
Services and How It Works
WOMauktion.com acts as a “Restwertbörse” or residual value exchange, providing tools for:
- Buying Vehicles: Dealers and recyclers can bid on damaged and used vehicles through competitive online auctions.
- Residual Value Offers: Insurance companies and fleet owners can determine and accept residual value offers.
- Vehicle Appraisals: The platform provides resources to estimate residual values, facilitating efficient transactions between sellers and buyers.
Although WOMauktion.com facilitates auctions, the actual purchase contracts are made directly between buyers and sellers, ensuring a transparent and streamlined process.
International Presence and Copart Partnership
The 2012 acquisition by Copart Inc. significantly enhanced WOM’s international reach. Through Copart’s patented two-stage internet sales technology (VB3) and global network, WOM has expanded its buyer and seller base across multiple countries. Additionally, WOM Service GmbH acts as an intermediary for international buyers, managing transactions for clients with registered offices abroad.
Key Benefits of Using WOMauktion.com
- Broad Market Reach: Partnering with Copart enables WOM to leverage a global network of buyers and sellers.
- User-Friendly Platform: The WOM 2.0 upgrade provides enhanced features and a better user experience.
- Data Security: Recognized for its data protection standards, WOM received a data protection seal of approval in 2015 and 2020.
- Competitive Prices: Auctions offer vehicles at prices significantly below retail, providing substantial savings for buyers.
- Specialized Services: Tailored solutions for commercial clients, including insurance companies and recyclers.
Conclusion
WOMauktion.com has firmly established itself as a leader in the European market for damaged and used vehicle auctions. Its partnership with Copart Inc., innovative technology, and diverse service offerings make it a preferred choice for commercial buyers. Whether you are an automotive dealer, insurance company, or recycling business, WOMauktion.com offers a reliable, efficient, and transparent solution for your auction needs.
Visit WOMauktion.com to explore current auctions and learn more about their services.
