Car Auto Actions
Auto auctions are a method of selling new, and most often, used vehicles based on auction system. In the USA, auto auctions are relatively unknown to the public at large, but play a major role as a wholesale market for second-hand vehicles. Typically, auto auctions are held for dealers and resellers only. Wholesale Dealers License Auto auctions are a lot of fun and I go a couple times weekly.
Car Auto Actions
Auto auctions are a method of selling new, and most often, used vehicles based on auction system. In other countries, such as Japan, auto auctions are well known and used (indirectly) by most people. Auto auctions are the most popular method to sell used vehicles in Japan. In Japanese law, only dealerships may become members to auto auctions.
Some auctions in the United States are used by banks, the IRS, and other government agencies to sell vehicles that were repossessed for failure to make monthly payments or pay taxes, or were seized by the FBI, DEA, or the police. Finally, there are those catering to the salvage market where insurance companies sell totaled vehicles. Most vehicles sold are off-lease returns, replaced rental fleets, company cars, repossessed vehicles, and trade-ins.
Dealer’s can get the pre-sale list online, and let you know whats going to be there. Dealers will take a deposit from the buyer before they bid on the car. Dealers go for the relatively late-model higher-priced vehicles.
If you haven’t attended an auto auction before, then you may be wondering why auto auctions are more popular than ever. As you can see, there a number of reasons why auto auctions are more popular than ever.