Millions of people enjoy taking advantage of the phrase that says one mans junk is another man’s treasure. With that said, not everything purchased via auto and parts auctions are junk, per se, but they can certainly become another man’s treasure. Insurance Auto Auctions is one of the leading North American salvage auto auctions, boasting a strong buyer base and high auction returns. This business focuses exclusively on automotive total loss and features more than 150 corporate owned auto facilities across the United States and Canada. Vehicles at buyer and seller auctions include total loss, recovered, fleet lease and dealer trade in. Insurance Auto Auctions also features collision damaged rental vehicles.
Using a hybrid auction model which includes live, Internet and proxy bidding methods, Insurance Auto Auctions can produce high returns for each sale. With more than 25 years on the business, IAA has one of the most comprehensive auto auction businesses.
Another way people can get their hands on formerly owned goods is through the General Services Administration, which manages excess and surplus Federal assets. GSA Auctions, located at www.gasauctions.gov, completes the transformation of the Federal disposal process through a centralized electronic clearinghouse for reporting and transferring excess or surplus personal property within the Federal community and among eligible donees. Just as Insurance auto auctions does, GSA auctions offer the general public the opportunity to bid electronically on a wide array of Federal assets. The auctions are completely web enabled, allowing all registered participants to bid on a single item or multiple items within specified time frames. Items ranging from personal or business items such as office equipment and furniture, to select products such as scientific equipment, heavy machinery, airplanes, vessels and vehicles are available to interested buyers, regardless of location. Those who visit GSA Auctions can browse items or search for items and bid. Registration is required.
Using OpenLane, at Openlane.com is another way to make wholesale vehicle transactions. OpenLane has leveraged the powers of the Internet to bring together buyers and sellers who may conduct business from anywhere in the world, any day of the week, any hour of the day. OpenLane thrives on remarketing to help buyers and sellers utilize the wholesale business.
There are many other online auction centers and wholesale purveyors similar to Insurance Auto Auctions who are committed to safe transactions of auction goods. Others include Ove.com and Smartauction.com and manheim.com. Start searching today to find out which online wholesale auctions can help you find that treasure.