What exactly is an Auto Auction?
Do not confuse the professional dealer’s auto auction with the government, surplus, and junk auctions that you may see advertised on TV and in the paper. Virtually every new and used car dealership in the United States buys and sells vehicles through auto auctions. They are modern, well maintained facilities used as an outlet for wholesale vehicles. Eight out of every ten cars you see on a dealership lot was purchased by the dealer this way. Brand new and pre-owned cars and trucks are sold wholesale by factories, rental agencies, lease companies, and finance companies such as: • Infiniti • GM Factory • Toyota Factory • American Isuzu • Avis Rent-A-Car • Chrysler Factory • GMAC Financing • Thrifty Rent-A-Car • World Omni Leasing • Enterprise Rent-A-Car • Lexus Financial Services • Chase Automotive Finance • American Honda Finance Corporation All vehicles are pre-inspected and a title search is completed before being made available to licensed dealers for purchase.
