About Auctions
History
Auctions are one of the oldest forms of transacting commercial exchanges. They date back to the times of Babylon and ancient Greece where art, land, animals and crops were auctioned. In fact, the Roman Empire itself was auctioned.
There are many alternatives for remarketing cars,including using wholesalers, selling between dealers and selling direct to consumers. Each of these has a place in the remarketing system.
Often, the auction environment is ideal because it provides a dynamic trading floor where open, live competitive bidding is fast-paced and true market value is determined with each vehicle that comes to the auction block.
