Are There Difference In A Car Auction
Are there differences in a car auction? Most car auctions are not specific to the make or model of the cars that they will offer. The cars come from overstocked lots or from fleet vehicles that are being sold from a business or the government. There are specialized car auctions that will devote itself to one make of car and there are a few that devote the entire auction to make and model. The buyer needs to know exactly what they want to buy before attempting to participate
The more determined a buyer is to find a specific make or model will dictate which car auction they need to attend and when. There is a car auction out there for the discerning buyer, but it takes time and effort to find the right one.
The most popular car auction is the traditional lot type auction. Here there are no constraints of the types of vehicles that you buy and sell. The cars are showcased in a lot outside the auction house for about an hour or two before the auction starts. Here the buyer can walk through rows of cars to find the car that will fit both the buyers taste and finances. The auction is open to all buyers though car dealers represent the majority of the crowd. The action is fast and furious and the novice car buyer may be lost in the confusion of the rapid fashion in which the auctioneer presents the bids. The traditional car auction may diversify into other vehicles such as boats, tractors, or motorcycles.
Another narrower type of car auction is the make car auction. Here only a specified makes of vehicles we be offered. The cars usually come from a franchised lot. The cars are often new or slightly pre-owned and are being sold to make room for the new year's inventory. This car auction is populated mostly by car dealers with a high spending power and years of experience in the profession. Some of the make car auctions are only offered to other dealers that sell that make of car. Before attending this type of car auction make sure that you are authorized to attend.
A more focused car auction is a large lot auction that specifies in the specific make and model of the automobile. For example, a car auction might only present Ford Mustangs for sale. This would draw car enthusiasts and body shops to the auction instead of the plethora of car dealers. The car enthusiast crowd would probably be more financially secure than a novice buyer and no specifically what to look for in a Mustang. With such as centered audience, the bidding could get very high, very fast.
The pre-viewing times in the lot will probably be a little longer than the traditional car auctions. This will allow the experts to go over the cars and find the best value for their money. The description of the vehicle by the auctioneer may be more detailed to get a higher interest in the vehicle and thus raise the price.
