This statement is not simply a tagline upon our website it is a true concept and here is why. To understand how the general public may be able to purchase a vehicle at a public car auction one must understand why a dealer would offer a car at wholesale in the first place. There are actually several reasons why this occurs. Everyone knows that in a retail transaction an automobile can sit in inventory for weeks or months waiting for the right buyer who will be willing to pay the dealer a retail price for that vehicle.
During the course of normal business transactions a dealer’s used car inventory can become imbalanced with vehicles that are duplicates, cars that don’t resell well in that dealer’s location or simply just a cash flow problem can arise where the dealer has too much inventory and not enough cash for ongoing operations. These are typical reasons that would motivate a dealer to wholesale inventory quickly for a short profit, no profit, or a reasonable loss to balance the inventory. Often when a dealer identifies a vehicle as a “wholesale car” the dealer will not improve the car by installing new tires, brakes, or repair cosmetic damage. The dealer offers the wholesale car, “as traded” leaving the responsibility of the vehicles retail reconditioning to the new wholesale buyer.
Conversely, when a car dealer wishes to purchase inventory from an automobile auction the same circumstances apply. The vehicle purchased at the car auction may not be retail ready and require certain repairs and reconditioning before the vehicle is offered to the retail market.
Public car auctions can be an opportunity for everyday folks to acquire vehicles for under market prices utilizing these same principals. The vehicles that are offered at our online public auto auctions typically sell at wholesale prices as the consigning dealer is willing to take less money than retail knowing that a sale will be achieved very quickly putting cash back in the dealers accounts in just a few short days. The difference to the purchaser is that perhaps you didn’t get the exact color you had wished for, nor did you get an extended period of time to think it over; however you likely will get a great price. If you are willing to perform a few of your own repairs, such install a set of tires, release a sticky door lock and /or live with a scratch or a dent to save a considerable amount of money than an online public car auction might be the right “fit” for you.
All defects are disclosed so that you know what you are buying. The inventory is always available for pre-auction inspection by appointment. Bidding is easy fun and conveniently done from your home or office. Visit our bidding platform!