Auto auctions are a way to sell vehicles using a bidding system. These events are common in most countries and are generally limited to licensed automobile dealers. They are also a common way to buy a used car. These events are often attended by individuals who want a good deal. However, some countries have less regulated auctions than others, and there are a variety of different ways to participate in an auto auction.
Typically, auctions operate around the clock. Vehicles are brought to the auction site by rail or transport trucks. They are sometimes driven by dealership representatives or employees. Occasionally, they can be inspected by auction personnel before they are offered for sale. These individuals can check the Vehicle Identification Number (VIN) of the car and may identify problems with it. Once the VIN is verified, the auction computer system delivers a description of the vehicle. Afterwards, the auction staff double-checks the description to make sure everything is correct.
In addition to dealer-run auctions, there are specialty auctions for those who want something unique. Most specialty auctions are open to the public, although the registration requirements and transaction details can differ from one auction to the next. These include big-dollar auctions for classic cars and exotic cars, as well as lower-end auctions for specialized vehicles and hobbyist vehicles. There are several websites dedicated to finding these kinds of auctions.