A motor vehicle auction is an auction of motor cars, bikes,
bakkies, commercial trucks, fleet vehicles and privately owned
cars. Like other auctions, a motor vehicle auction can be an
excellent place to pick up decent products at a fair price, for
savvy buyers. People who are interested in attending motor
vehicle 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 motor vehicle dealer auction is a
specialized form of auction.
Millions of motor vehicles are sold at 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.