Auction APB

Every day, hundreds of thousands of used vehicles are sold off at auctions all over the world. Auto auctions are in many countries and Japan, the United States and the UK lead the pack when it comes to holding these activities. Because prices of vehicles are much lower in these auctions, it is no wonder why participating in auto auctions is preferred by scores of end-users.

In auto auctions, the prospective buyer can take his pick among the thousands of vehicles put on sale. With the online process, he can do that from anywhere in the world. However, most of these auctions rule out regular customers. Auctions are mostly exclusive and membership is only for car dealerships and a few other businesses. For an individual buyer to join, he must go to those who hold membership and use the services of their professional bidders who bid live.Vehicles sold in car dealer auctions vary from the off-lease (vehicle returned at the expiry of the lease term) to the salvaged.

In most cases, however, test-drives are not allowed in these auctions and mechanics can not see the car prior to sale. But in a Japanese car auction, they (not the seller) hire inspectors who make independent surveys on the vehicles and make the car auction inspector reports which detail the condition of the cars, from overall grading to car map of all the car’s exterior damages, if any. Moreover, vehicles in Japan car auctions are relatively newer, about 3-9 years, compared to the vehicles in auctions in other parts of the world.

This makes Japan car auction a favourable choice to used car buyers, compared to the other used vehicle hotspots around the world.So, how does auction and import of used car works for the individual buyers? Interested buyers first go to car dealerships to participate in the auctions for them. They are then given access to information, where they can pick the vehicles they want and decide the bid. In this stage, Japanese car auction encourage their customers to make informed decisions by understanding the auction inspectors’ reports first (some car dealerships offer translations upon request) before finalizing their bids.

After that, the dealers bids live and if they win, they facilitate export of the car to the buyer from transport of the vehicle to the port to shipment to the destination country. They are responsible for the paper works, reservation at the ports, and arrangement of shipping requirements depending on the country of destination.