American auctions are huge trading floors that are closed to unauthorized persons (special registration is required to participate in the bidding). Virtually all car auctions in America are dealerships, that is, focused on professionals in the field of the automotive business.
Only professional brokers are allowed to participate in auctions at such sites as Manheim, Adesa, IAAI. An ordinary person can not be admitted to the trading platforms of such auctions. Cars at these auctions are usually sold by manufacturers' partners (having accepted them from former owners under the Trade-in scheme) or various intermediary companies, insurance companies, including leasing companies that sell cars after the expiration date.
US auctions are part of a single National Association of Auto Auctions, which strictly monitors the implementation of a number of formal requirements for car sales. Many cars have pre-sales training and are put up for such professional auctions, sometimes even with some dealer guarantee. However, often at such auctions new warranty cars are sold, which for one reason or another, manufacturers did not sell their distributors through the salons. Cars for auto auction are sold by the same rules as in a regular auction. The price is formed in the process of bargaining and depends on the demand, model, mileage and technical condition of the car.
Potential buyers (auction dealers) can familiarize themselves in advance with the lots live at the auction site or on a computer screen, see and select from photographs and descriptions of any vehicle submitted by distributors directly or by other auction dealers. An example of this is the Simulcast system, which allows dealers to participate in auctions of the Manheim system, sitting behind the screen of their computer. And after the purchase, you can pay a more detailed after-sales report (PSI), which ensures that the preliminary report matches the actual state of the car.
The price of used cars can be determined before the auction. Using online access from our website, you can first navigate the average auction prices for the desired car by looking at auction sales statistics with mileage and condition similar to the one you need. Owners of cars, in turn, are well aware of market prices before selling a car, so they won’t sell a car much cheaper than the average price of such a car.
There are several auction networks in the USA, the most famous ones are MANHEIM, COPART, ADESA, IAA, NPA. Of course, this list cannot be called exhaustive - in the USA there are other auctions that sell both new and used cars. When buying a car at such an auction, the buyer is guaranteed the "purity" of the biography of the car being purchased, the absence of skillfully disguised defects and the accuracy of the odometer reading (after all, as you know, it is the mileage that is the initial parameter in determining the order of car maintenance and the list of maintenance work).
A car may contain some hidden and obvious defects, but any hit in an accident, theft, or some other type of damage must be strictly recorded in the documents. All the cars that our customers buy through our company at auction, you can check for free and unlimited before buying using AutoCheck system, knowing the vehicle identification number (VIN), you can find out the full history of the car, whether the car was in the car rental, or if it crashed, etc.