What is an auto auction and how does it work?
The short answer is that an auto auction is a place where used vehicles are sold to the highest bidder, but there is a bit more to it. Government agencies, banks, police departments and even some car lots place autos for bid to sell them quickly. The average age of these autos is 2-3 years with an average of no more than 40,000 miles on the meter. Auction houses have regular auction dates as well as a list of vehicles for sale on each date, called a “run list”. Most auctions allow pre-sale inspections so you can check out any autos that interest you. Some even provide Carfax reports for each vehicle. Alternately, you can get your own Carfax report for each vehicle.
