Car Auctions in Atlanta South, GA 30294 2655: Public Online Salvage Auto Auction | A Better Bid (2024)

FAQs

Why are auction cars so cheap? ›

On average, car dealers markup cars up to 30% that are bought at auctions. There are several reasons for this. The used cars at the auctions are not in a perfect driving condition and sometimes they won't even appeal to many bidders, that's why they are cheaper than the dealer's shops.

The auction house had been impacted by the Great Recession, and business did not fully recover until 2018. In 2021, Barrett-Jackson purchased the Phoenix-based Collector Car Network, which included several classic car publications and the Future Collector Car Show.

Often dealers will send vehicles to auction to avoid a hassle. A vehicle may be too old, have a mileage discrepancy, have a bad CarFax, or have other concerns. Auto auctions take vehicles as-is. This makes selling at a car auction a great way to get rid of complicated units.

A salvage title in ALL states means that the vehicle sustained enough damage that the cost to repair it was greater than its value so the insurance company bought it from the last owner and sold the remains at an auction.

You could get stuck with a lemon

Auction houses usually sell cars as-is, meaning you don't have any recourse if your purchase turns out to be unsafe, severely damaged, or in need of costly repairs.

Cars sold at auctions may harbor concealed mechanical problems that are difficult to identify during a cursory inspection. Such issues can culminate in costly repairs and potential safety hazards, making them a serious concern for buyers.

There are many reasons why clean, healthy low mileage cars end up at auction. For example, lease turn-ins and trade-ins. The average lease in the United States is 3 years, 36,000 miles. Thousands upon thousands of leased cars are turned back into dealerships when there only a few years old with low miles.

Dealerships are known for selling cars to customers, but many also sell vehicles at auctions. Automotive dealers may have to sell cars at auctions because they are having trouble selling them to customers. However, it's common for dealerships to lose money selling cars at auctions.

A failed auction may seem disastrous but many properties that don't sell under the hammer, sell privately within a few weeks. So whether you're a vendor or a buyer, be prepared to negotiate.

What does sold off at auction mean? ›

If you auction off something, you sell it to the person who offers the most money for it, often at an auction. Her dresses will be auctioned off for charity. [ be VERB-ed PARTICLE]

Some cars go to auction so that they can be sold quickly after a repossession. There are also auction companies that specialize in classic and enthusiast cars, and those auctions can be very exciting. Of course, some cars go to auction because they need too many repairs or have a complicated history.

If you are going to buy a used car at Capital City Auto Auction in Sacramento, you will need a California dealer or dismantler license. You will also need a valid driver's license or passport, your state-issued resale permit, and a completed signed resale certification.

Dealer-only auctions are strictly closed to the general public. Only licensed dealers can attend. It's not feasible to obtain a Dealer license unless you are planning on getting into the business of purchasing vehicles to resell as a business. Obtaining a dealer license is an expensive and time-consuming process.

The wholesale value of a vehicle is the value that a dealer would pay to purchase it from a car manufacturer. In the case of trade-in vehicles, the wholesale price might also be the price a dealer would pay to purchase the vehicle from a dealer auction. In any case, wholesale value is a measure of dealer cost.

A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate.