Auction - an ancient way of trading activities. It was created as a form of trade in ancient times. After the fall of the Roman Empire in the area of trade there was a lull, which lasted until the 13 th century. At this time the French conducted an vendue. Since then, the auction activity rapidly developed around the world. Now auto tender is one of the most popular forms of sales organization.
The tender is open to all areas for sales of certain assets. Each auction has its own summary of rules. They are held in accordance with established rules of bidding. Assets are objects of sales. They can be tangible or intangible assets: commodities, property, equipment, real estate, works of art and culture, historical value, copyrights, securities, etc.
The principle of any public sale is based on competitive spirit. Bidder receives the right to purchase the lot if he tells the ultimate price. On the cash basis, all the auctions are divided into two types: the auction with a price increase and the tender with a decrease in prices. At the vendue, the winner is the participant who suggested the maximum price for that lot. Typically, auctions are held in the following way: the auctioneer calls the starting price for the lot, as well as the minimum step of raising prices. For example, the starting price is $ 100, and each new proposal must be not less than 5 dollars and more than the previous price. But the minimal step of raising prices might not be regulated - it all depends on the specific tenders.
Auction with a decrease in prices is also known as "Dutch auction". This form of trading is widespread in Holland. The winner is recognized by the participant who first proposed for that lot. If no one wants to buy a lot, the auctioneer reduces the price.
This type of trade gained great popularity in the automotive field. These vendue are divided into two types: car auctions and online auto auctions.
Car public sales are conducted in a specially designed facility in accordance with traditional rules of the auction trade. They are also known as public car auctions. The main drawback of such public sales is that the number of participants and the number of lots can be limited.
The government is interested in these types of auctions. Now it organizes government vendue to sell seized cars. Police automobiles are put up for police impound car vendue. Customs service has its vendue, which sells smuggled imported goods, seized autos. But the online car auctions does not have such restrictions. Its popularity is growing rapidly worldwide. This is not surprising: after all, the Internet is practically unlimited, so you can choose a vehicle (new or used car) in the American or Japanese public sale without leaving his apartment. This tender is held in accordance with the rules of a particular vendue, which can be found online.
Auctions of salvage autos are held by different insurance companies. There are also offers of damaged vehicles, automobiles for restoration and those autos that will be used for parts.
Top U.S. online auctions are Manheim, Cars.com, Copart, Ebay Motors, IAAI.
