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Auto auctions are a method of selling new, and most often, used car
based on auction system. Vehicle auctions can be found in most nations, but
are often unknown to most people. This is, such as in the case of the USA,
because this a protected source for used car dealers. Since 1948, the NAAA
has been helping colleagues in the remarketing community. The National Auto
Auction Association consists of over 300-400 domestic and international
auctions. This organization demands that its members meet certain
requirements and operate secure, neutral auction settings. In other
countries, such as Japan, auto auctions are well known and used by most
people.
In the United States, auto auctions are relatively unknown to the public
at large, but play a major role as a wholesale market for second-hand
vehicles. Most auto auctions are closed auctions, meaning only dealers can
use them. There are also auctions that are open to the public. These
auctions are a primary outlet for financial services firms to dispose of
their large volume of off-lease returns, for rental and other companies to
sell off their aging fleets and for car dealerships to dump trade-ins or
other unwanted inventory.
A Car dealer auction is a specialized form of auction.
Millions of vehicles are sold at dealer auto 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 dealers lot. Owners forgot 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.
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New Auto for sale » auctions
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2012 Auto for sale » auctions
Auctions based on (http://www.usedcarsite.net)
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