As is known, an auction is a place where sales take place at non-fixed prices. Prices depend on the demand for each specific offer. The owners of the cars put up for auction set the price they want to sell them for in advance. Sometimes, especially if the owner is not present at the auction, the final auction price is entered into the computer, and the auction automatically ends when the offered price matches the pre-entered price. A present owner informs their agent participating in the auction when the offered prices reach the desired level, and the car can be sold.
The auctions are highly computerized and take place in a very calm environment. Instead of an auctioneer banging a gavel and loudly shouting participants, there are buttons and changing inscriptions of different colors on computer screens. Before the auction, cars can be inspected in the auction’s parking lot, and accordingly, bids can be made for a specific known car.
Only car dealers can attend the auction; a regular person off the street cannot get in. Dealers pay annual fees for the right to participate in the auctions.
