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Buying a car at an auto auction allows a buyer to get a better deal for a used car than would probably have been possible if bought from a car dealer. Some car dealers will purchase cars from auto auctions and sell it a higher price. The consumer may not be able to get the… Read More »
The US auto industry crisis has caused pain for both workers and investors. Workers have been laid off from long-held jobs as bankruptcies mount and cut-backs are made. Investors in auto companies have seen the value of their stockholdings slashed. However, Government intervention has meant that little has been done to weed out the weak… Read More »
There are thousands of vehicles seized on a daily basis and finding storage space for them is a major problem for the government. The best way that the government can deal with this situation is to disperse the vehicles to various auctioneers like public auctions, repo auctions, police auctions and government auctions. This exposes these… Read More »
While Governments and financial institutions use auctions to move and sell seized, repossessed and forfeited vehicles, classic cars are also sold at auction. No longer are these auctions only for wealthy and elite people – anyone can attend and participate. There are many classic car clubs and regular auctions held around the US which classic… Read More »
The US Auto Industry is bracing for tougher fuel efficiency standards. The new standards call for new vehicles to average 35.5 miles per gallon by 2016. The new measures were announced on September 15 in the midst of falling sales of small fuel-efficient cars. Sales in small car segments have dropped 15 per cent or… Read More »
This week at Mandalay Bay in Las Vegas, hundreds of cars will be auctioned off to a bustling crowd. Barrett-Jackson auctioneers are conducting the event. Even celebrities will have a presence at the auction. Bruce Willis will be selling his 1967 Chevrolet Corvette convertible, 1968 Pontiac Firebird 400 and 1988 Lincoln limousine. Don Johnson is… Read More »
Few Auto shows are anticipated more than the upcoming LA Auto show. After a pretty dismal show last year due to the financial state of America’s big three car manufacturers, (Chrysler couldn’t even afford to have lights on their stand) this years show is going to be a watershed. There’s a host of new models… Read More »
The future of the US auto industry will be the backbone of the discussion at a special forum to he held on October 8th at Nova Southeastern University in Davie from 8.15am to 9.30am. The forum will be open to the public. GM CEO Fritz Henderson and AutoNation CEO Mike Jackson will host the “Road… Read More »
So you fancy a buying a new Chevy Camaro but cant quite stretch to the $23,000 asking price, and that’s assuming you can find one for sale in the first place. But your mate tells you about government car auctions and how cars there go for a fraction of their true value, and that sets… Read More »
