car auction
Bidding for automobiles
A car auction is a sale where vehicles are sold to the highest bidder, either in person or online.
Dealers, fleet owners, and repossession companies often use auctions to move inventory quickly.
Some auctions are open to the public, others restricted to licensed dealers: I picked up a used truck at a car auction for half what the dealership wanted.
- bidOffer to purchase
- going onceAuctioneer's initial announcement
- gavelSmall ceremonial hammer
- lotLarge amount or portion
- reserveSupply kept back
floor price · buyer's premium · hammer · buyer · seller · bidder · paddle · wholesale · salvage · dealer · no reserve · consignment · inventory · appraisal · title · clean title · salvage title · lien
- auctionsbidding, bid, bidder, hammer price, gavel
- car salesdealerships, dealer, auto dealership, showroom, trade-ins
- resaleresale, eBay, secondhand goods, Poshmark, thrifting
- car eventsauto show, motor show, race day, track day, track event
- marketsmarket, marketplace, stock market, bazaar, flea market
- road tripsroad trip, highways, scenic drive, highway, interstate