Three Reasons Not to Forego Government Auto Auctions
photo credit: dmytrok You have probably heard of people buying cars at government auctions for amazingly low prices. Even on nice cars, the bids start very low – often in the hundreds of dollars. People really do buy nice cars for very low prices, because the government, whether a local police department or a national agency like the DEA, wants to unload these cars to avoid having to pay for storage and maintenance for them. Seasoned car dealers... [Read More...]
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...]
