A car auction is an auction of cars, bikes, bakkies, commercial
trucks, fleet vehicles and privately owned cars. Like other
auctions, a car auction can be an excellent place to pick up
decent products at a fair price, for savvy buyers. People who
are interested in attending car auctions can usually find them
listed in newspapers and magazines. Online motor vehicle
auctioneers also regularly list vehicles for people to bid on,
and occasionally property comes up in auctions of bank
repossessed cars and cars from owners of deceased estates. A Car
dealer auction is a specialized form of auction.
Millions of vehicles are sold at car dealer auctions every year.
These auctions are restricted for the general public and only
licensed dealers can participate. Prices of vehicles sold at
dealer auctions tend to be lower than those advertised on any
dealer’s lot. Sellers forgo a potentially higher sticker price
to take their inventory to a dealer auction where it will be
auctioned off for thousands less than retail for a number of
reasons.