Where do Auto auctions get their cars from?

Where do Auto auctions get their cars from?

Depends on the auction. Dealer auctions get their cars from dealers, wholesalers, and brokers. Those are usually cars that are traded in that the dealer does not want to keep. Dealers auction cars when they don'-t fit their market profile (A BMW at a Kia store, or 1 80k mile Hyundai at a Mercedes store). Also, when cars have been in inventory too long. A dealer may try to retail the car for 60-90 days. If it does not sell, its off to auction.Those auctions also do a good business on lease-returns and finance company reposessions. When a lease is terminated, the leasing company will often send the cars to sale. Since they are banks, not dealers, they have to either auction, or get dealer participation to buy them back.Copart (Whom I work for) and AIA are dealers in insurance recovery vehicles, theft recovery, reposession, donation and dealer cars. When a car is in an accident and the insurance company declares it a total loss, that is when we get it. Also, the bank repos we get are typically lower-end than you would find at a Mannheim or Brashers auction. We do get some cars from charity donation, but that is a VERY small fraction of the business.The last auctions are public auctions. Those sales to teh public come from private individuals who need to sell a car, and dealers.Hope that answers your Q


New and Used cars dealerships. They wholesale them for auction. Also private sellers.


Trade-ins that dealers can not sell on their lots.


Due to my experience working with non-profits and car donation (tax deductible) programs, a decent number of the cars sold at auto auctions such as Copart Auto Auction come from non profits' car donation programs. I'm sure other sources such as private party and fleet liquidation play a role too.Source(s):work experience


repos and old fleet vehicles mostly


repos and old fleet vehicles mostly


ever notice how, the used car lot at a new car dealer never has any really old, crappy-looking cars, even though you know that every day people are trading in clunkers?those trade-ins that the dealer won't have on his own used car lot go to auction.



Popular Q&A

Where can I find the best auto insurance quotes online?
I’ve had the AARP Hartford’s comprehensive insurance for over 10 years now and I can safely say I’ve never had a problem with them. I’ve always found their rates to be reasonable (locked in for an entire year) and their service to be smooth and easy. I’d recommend you visit their website for...

I just moved and am looking to find some cheap Massachusetts Auto Insurance. Can anyone recommend a place?
You should research patiently, and get quotes from different insurers -take your time. A used car, and a clean driving record will definitively help you have lower rates. I had to do a lot of research and estimates because my old car broke, so I ended up leasing a new Honda, and insurance in...

15 1/2 and trying to get on track to buying my first car...but i know nothing! Advice please <3?
Starting with the insurance. It is probably going to be cheapest to get on your parents policy. Company's offer discounts for multi-car policies. It wouldn't hurt to shop around. Just call some insurance companies or go online and get some quotes. Travelers, Geiko, and Nationwide are some...

Planning to move to Edmonton, AB from Ontario, need advice please!?
I'm not sure from where in Ontario you're moving from but reading your posts you knew about the Sleeping Giant so are you maybe from the area?I moved to Edmonton from that area 11 years ago and my daughter moved to Calgary. I can tell you from first hand experience that winters here are nowhere...