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