With all the used cars and pre-owned cars dealerships around us, one would have thought that car auctions would fall out of favor with the public. But, this has not happened. Car auctions have only become trendier and popular, and are in great demand within the general public.
Not only do car enthusiasts throng car auctions to get good deals on their dream cars, but these auctions have become a good bet for dealerships, auction houses, and insurance companies to get the best out of their cars.
Before we delve deeper into some of the car auctions risks, lets first look into why are cars auctioned: