Auto salvage auction is a way used to sell millions of vehicles every year. Such auctions are generally not open to the public, and only dealers who have appropriate licenses are able to participate in buying used cars. There are various companies, which hold auto salvage auctions on predetermined days at specific locations. For example, an auto salvage auction company with two auction locations will hold auctions at the places, on two different days of the week. Live auto salvage auctions are conducted via the computer, which provides digital images of the items being sold.
Salvage dealers who participate in these auctions have to be registered with the company holding the auctions. The auctions are generally made only in lots, having a specific number of vehicles in each lot. Inspections of salvage auction vehicles are usually allowed one or two days before the auction date. Online auto salvage auction companies permit online bidding through their websites after registering with them, which are also open to the public. The websites give details of the kind of damage sustained by vehicles being auctioned and the title type, i.e. clean title, or salvage certificate, etc. The salvage auction companies also conduct motorcycle salvage auctions. These are mainly insurance salvage motorcycle auctions.
Used car salvage auctions are held for auctioning all kinds of damaged and insurance salvaged vehicles. Dealers are very keen about such sales because it helps grow business, and sales volumes. Such auctions give dealers’ access to more cars, and this allows customers interested in buying used cars to choose from an elaborate fleet and find something in their budget. As boat salvage is governed by Maritime law, boat salvage auctions are subject to it. Marine equipment, including marine cargo, can also be bought at boat salvage auctions.
Car salvage auctions, which are open to the public, are generally held by online auto salvage auction companies, which advertise the details on their websites. The picture of the car with the technical details is available on the car salvage auction site. Many of the cars have a clear title, whereas many are auctioned off by auto insurance companies at car salvage auctions because of damage. These used cars require a title reconstruction before they can be legally used on the road. According to this process, the used car has to be repaired and inspected by an authorized mechanic. It then needs to be certified by the DMV as having been reconstructed according to the specifications of the manufacturer. This serves as a clean title for the purpose of insurance and registration. The company selling the vehicle in the car salvage auction makes no guarantee that the used car will be able to get the title reconstructed.
There are several companies, which are involved in the auction of salvage vehicles like used cars, motorcycles and even motorboats. You can even get motorcyclesranging from Kawasaki, Harley Davidson, and Suzuki to Honda, Ducati, BMW and Yamaha. Most of the companies have their official website. Some used cars sites even provide the photos of salvage motorcycles that are available at the auction.2015-01-20