Auto auction
selling auto vehicle
Auto auctions are a method of selling vehicles based on an auction system. Auto auctions can be found in most countries and are usually exclusive to licensed automobile dealers.
Country specific
Japan
Auto auctions are the most popular method for selling used vehicles in Japan. Individuals, though, cannot directly use auto auctions, but must go through those holding auction membership. In Japanese law, only dealerships may become members of auto auctions. The system allows people to access information, but maintains order in the auctions by restricting bidding to professionals.
A small percentage of the dealers who are members of Japanese auto auctions are also used vehicle exporters, who use the auto auctions as their primary source of used vehicles. Other than these exporters, most members are usedvehicle dealerships that sell in Japan and are used by their customers to find a car they want.
In Japan, there were 30 auto auction groups and over 200 auto auction locations throughout Japan. Additionally, smaller auctions are held for specialized cars.
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This entry incorporates text from “Auto auction” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.