How does public car auction work? Discussion - Car, Auto Review Talks, Discussion and Research

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» How does public car auction work?

Posted on November 13, 2011
Adesa is Canada's largest auto auction company helping buyers and sellers connect for both dealers and the public. Find out how the auction effects your vehicles value and how to take advantage of the public auction.

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Mark
7:04 PM on February 13, 2012
Interested in how it works

Motormouth.ca says:
5:06 PM on February 19, 2012
It is like any auction, you consign the car and set a reserve price, which means the car cannot be sold for less than that price. The vehicle is appraised before hand to give an estimate value before it goes to auction. If the bids are higher than the reserve the car is sold, if not then the vehicle can be put into a second auction.

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