Salvato Auctions is go for launch.

The auction for insurance vehicles announced it will launch its online salvage auction in three weeks, billing it as “a modern alternative to Copart and IAA.”

Bidding for the first online auction is scheduled to begin Aug. 7 at 9 a.m. CDT and will remain open through 9 a.m. CDT on Aug. 13. Vehicles are already available to preview at SalvatoAuctions.com.

At launch, all vehicles auctioned will be located in Texas. Salvato said it plans to expand to other states soon.

“Salvato Auctions was built to improve efficiency within the auto salvage auction industry and put more money back into the hands of buyers and sellers, where it belongs,” co-founder and CEO Peter Jebson said. “Buyer registration is free, and our straightforward fee schedule creates a simpler, faster way to bid on insurance vehicles.”

In a news release, the company said its time-saving bidding platform, decentralized vehicle storage model and digital lien and title processing bring insurance vehicles to market faster and create efficiency the results in auction fees 20% to 40% lower than its competitors.

Last week, Salvato announced new integrations with bidding software platforms, including Bid Buddy and BidCall Direct.

Salvato Auctions is an associate member of the Automotive Recyclers Association, United Recyclers Group, Texas Automotive Recyclers Association and other industry trade associations.