Car auctions – today it is simply impossible to imagine the US car market without them. Of course, locals often resort to selling their cars themselves, through the usual online sites for private ads, but this way of selling a car is reputed to be very difficult and time-consuming.
An auto auction is a completely different matter. Here it is enough to entrust your car to a dealer or an insurance company after an accident, so that within a few days, or maybe hours, you can get the desired amount for your car. By the way, buyers, both whole and broken cars, also favor auctions the most. Why this is happening and where is the biggest auto auction USA, we will tell in our article.
How does auto auction work?
The essence of auto auctions is simple. An auto auction is a third independent person who represents the interests of the seller and looks for a good buyer for him. The latter can be sure that he will receive honest information about the car, with a full insight from the number of owners to the presence of an accident. For the selection of a buyer who is ready to buy a car at the highest price, as well as for the opportunity to buy a lot, the auto auction receives its dividends from both the buying and selling parties. In general, everyone is happy – some quickly select the best option for a car, others quickly get their money.
Who does the auto auction work with?
Often we are talking about franchised and independent dealers or legal entities (insurance, leasing, transport companies, auto dismantlers, banks, etc.). To buy a car for a private person, you need to enlist the support of a dealer. Some auctions do not even admit ordinary onlookers to the lots.
The auto auction is responsible for the honesty and transparency of the transaction, therefore, among its partners there are always reliable companies with which you can and should work.
What is the largest auction in America today?
Once upon a time, at the dawn of auto auction sales, the largest auto auctions in the USA was Manheim. It operates now, being the oldest, but its turnover is now several times less than that of its main competitor – Copart.
Copart was born and continues to operate in Dallas. Today he is the leading player in the entire market, but he only holds the lead in the sale of cars with technical flaws. In the entire market, Copart has almost 36% of the total sales turnover.
Often, cars are dismantled by the largest repair companies, but more than 50% is still taken for the purpose of further repairs and resale. Copart is authorized to sell cars from one of the largest insurance companies in the United States – ALL.
There are many reasons why many people turn to Copart:
- a huge selection of cars;
- a large number of storage terminals throughout the states – the buyer can always choose the city that is closer to the port to order transportation;
- only licensed dealers work at the largest car auction USA, which guarantees the legality of the transaction.