The World’s Largest Automobile Auction
Manheim, a subsidiary of Cox Enterprises (which also owns several newspapers, television and radio networks, and Internet technology platforms) is the world’s biggest automobile auction chain. Of course, this is more than just the occasional car auction here and there. Manheim employs 34,000 workers and has 140 different operating locations. Manheim helped 10 million cars change hands in 2008 alone, with transactions totaling more than $50 billion. Manheim... [Read More...]
Ten Tips for Buying a Car at Auction
photo credit: The Talented Mr. Nimo/On Vacation If you are interested in purchasing a car at a government or other auction, hopefully you’ve done your homework about how the auction process works, the terms of sales, and arranging for full payment after you’ve put down a deposit on a bid you’ve won. Here are ten tips for buying a car at an auction. Some apply more to online auctions and some apply to live auctions, but you should be prepared... [Read More...]
Three Reasons to Buy a Vehicle History Report on a Used Car
In the couple of years following Hurricane Katrina you probably heard frightening accounts of people unwittingly purchasing cars that had been damaged by flood waters. Flood damage can be easy enough to hide from the average consumer, but the damage is permanent and often progressive. While the so-called “Katrina cars” are starting to disappear from the scene, particularly at car auctions, you still run the risk of buying a car that has damage... [Read More...]
