The auto auction is where many used car dealers go to find deals for their company. This usually consists of the used car sales manager heading to the auto auction and buying the cars that he or she thinks will turn the biggest profit for their dealership. These auto auctions usually take place about once a week, and can be attended by only authorized car dealers. This is not the same as a car auction which can be attended by the general public. The main purpose of this sort of auto auction is to allow car dealers to buy and sell used cars for their lot.
Buying used cars at an auto auction allows for the dealer to purchase a car at a very cheap amount and then turn it into a nice profit. These dealers know their limitations, and they know what they need to buy a car for at the auction in order to turn a reasonable profit at the dealership.
There are many dealers that also sell their used cars at auto auctions. These dealers often sell cars that they can not move off of their lot for one reason or the next. Also, these dealers also practice taking trade ins to the auction to get rid of them for more money than they paid out. This is a great way for them to make some extra money off of the trade ins that they accept.
An auto auction is an event that every car dealer has taken part in at one point in time, and probably will again sometime in the near future. This is one of the best ways for them to make money, and turn a large profit for their respective dealership. If you are authorized head to your local auto auction today and make some money!
But there is something only few people know: there are now many auto auction sites online where everyone can auction a luxury car for peanuts. Every single month, thousands of cars become government or bank property through various seizure laws. Due to the fact that the expense to store them is enormous, these cars must be sold fast and cheap. You can buy direct from the sources and save tremendously. Savings of up to 90% off the regular retail price are not rare.
Finding these auction sites is not difficult. Just go to your favorite search engine and search for “government auctions” or “police auctions”.