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Watch the mood and trend of the crowd in the bidding before your vehicle comes up for sale. I've noticed that at auctions there are frugal crowds and there are spendy crowds. I don't know why this is. I've seen furniture, tools, and kitchen cabinets sell for 10% of retail. But I've also seen them sell at what you'd pay for full retail in a store at the same auction house on different days. There doesn't seem to be any rhyme or reason to it. Always be prepared to walk away. There'll be another auction in a week or two.
Attending an inspection period is also a good opportunity to view the vast array of vehicles available for auction. A potential buyer can explore his options and see the starting prices of the cars. There are many choices for the public regarding models, colors, and types of cars including SUVs, coupes, sedans, trucks, and so on. An added benefit is that these auctions are held regularly and can even be found locally. The information is available both online and in local and national newspapers.
Private auctions are held on-site at your dealership. Each vehicle is driven either underneath the tent in front of a self-contained mobile operations unit. In some cases we can even transform a building at your dealership into an auction arena. These dealer only auctions are conducted live by an auctioneer and are designed to sell 40-200 vehicles. Operated much like a conventional auto auction, these private auctions are easily adapted to the specific needs of your dealership, with even simulcast sales available.
Identify contractors authorized to hold government auctions. You can obtain auction listings directly from contractors authorized by many government agencies to carry out public auctions. For example, one of the largest online public auction contractors for Federal, state and local government agencies is Bid4Assets, which auctions off surplus property, seized and tax-forfeited assets.
K – Your assertions may be true for your stores, but that is not the case for the bulk of vehicles at auction. Many dealerships will send off brand trade ins to the auction (ex: Chevrolet dealer takes a Ford in on trade). Additionally dealerships will often “turn” their inventory sometime between 60-120 days. If they’ve purchased a car and it’s not moving many dealers will move it to get their cash back out of the car and put it back into another car that they might be able to retail, and make a profit on.
Policeauctions.com is run by a private company and is not affiliated with the government. It provides information and links to government-run auctions, but the site itself is part of the wholesale liquidation auction market. Items are sold as is and sometimes there are fees. You have to register to bid and get information, but it doesn’t cost anything to join the site.
Sign up to receive automatic notification of new auction listings. You can call the regional office of a government agency to get on mailing lists for upcoming government asset sales. Each government or contractor website will also have a registration form to receive notices of new auction listings. It is also possible at these websites to create custom email alerts for particular items coming up for auction or categories of listings.
PLEASE READ THESE TERMS OF SALE CAREFULLY, AS THEY HAVE BEEN RECENTLY UPDATED. THIS IS AN INTERNET-ONLY AUCTION! AUCTION CLOSING DATE: Friday, March 15th at 11:07 am Bidding closes on the first item at 11:07 am, then closes at the rate discussed in these Terms and Conditions of Sale. INSPECT: Thursday, March 14th 2pm to 7pm REMOVAL: Sunday, [ View Full Listing ]
You could tell that most people knew each other. It felt like these few dozen bidders were part of an exclusive network of junkyard owners and flip-artists who have been bidding on cars against each other for years. Every now and then, when one guy outbid another, you’d see the losing bidder lean over to a friend and talk shit on the winner. “He just buys cars for the sake of buying them. He probably makes no money,” I heard one guy whisper. Police auctions are full of mysteries and secrets.
The US Department of the Treasury auctions off “seized and forfeited” general property (fancy a Rolex watch or a Fender guitar?), cars (how about a pimped-out Escalade?) and boats. Visit the Treasury’s website to find more information on where and when these auctions are held, plus sign up for alerts and research how much money items have sold for in the past. In addition, the Treasury has real property (RP) auctions for real estate seized through IRS-Criminal Investigation, Immigration and Customs Enforcement, and the US Secret Service.
Sitting on the couch, craft beer in hand, we salivate over the parade of shining classic cars rolling across the auction block at Barrett-Jackson, changing hands for ungodly globs of cold, hard cash. It’s places like this where you can pick up cars like custom built Singer Porsches, old-school hot rods, vintage Ferraris, and soon to be released, serial #001 supercars, and as the drinks get stronger, so too does the bidding.
If a bidder is logged into the bidding page, a message will display on screen OUTBID. If you are logged out of the system, you will receive an email with the subject “You were outbid”. Within the email is a link to place another bid. If you have downloaded the CWS Auctions App on your phone, you will also receive a text alert when you’ve been outbid.
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After Lansing is ESS @ 3:30 PM at 24651 N. River Rd. Mt. Clemens & then ESS @ 5:00 PM at 49215 Van Dyke Ave. Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page for all Auctions Listings, the click MONTHLY Auction Tab for this month's up-coming Auction Sales.The goods to be Sold are generally described as household goods and/ or business related items unless otherwise noted.This Auction is being conducted under the...