Japan Used Car Auction – Introduction
An increasing car production and rapid economic growth, originated massive used car market. To manage this growing market, car buyers and sellers searched for efficient trading place.
The history of Japan used car auctions started in 1967, when Toyota Motor Corporation conducted its first auto auction, conducted by hand-signals. These auctions were not efficient, as trading took time and limited number of cars were sold.
In September 1978, modern type auctions came into existence with new computer technology implementation. Fujitsu and Kiden companies were first to introduce car auctions equipment and software. This technology created “Internet Live” car auctions with trading time reduced to few seconds only.
Modern Japan used car auctions represent a complete auto industry in itself. The major vehicle auctions located near main ports of Japan in Yokohama, Osaka, Kobe, Nagoya and Kawasaki. USS Auto Auction, AUCNET, CAA, HAA, HONDA, TAA, JAA, BAYUC and JU represent the leading used cars auction halls. In total, there are over 150 locations nationwide.
Presently, 3 types of Japan used car auctions operate for local dealers and exporters.
Real time Auto Auctions – is the main type of auctions. The trading goes either on-site or online from any part of Japan on specific days of the week.
Tender Lease Car Auctions – Usually held by small auction halls with a very simple system of offering 1 time bid only. The trading is conducted by selecting highest offered bid.
Fixed price Auto Auctions – There is no specific time, the cars listed online till specific time and sold by single click or through phone calls. In some cases the price is not final and requires further negotiation. Also, called One-price auto auctions.
Transparency – The general public or even car dealers without special license cannot access used car auctions. This avoids any price-fixing fraud actions and cheating at any stage of vehicles inspection and exhibition processes. In addition, these rules keeps the process transparent and avoids any price fixing.
Market price based on the quality – Given the number of vehicles traded at Japanese used car auctions, there is a massive market price statistics for each vehicle based on the year, mileage, condition and even color. The common quality grading makes it even easier to assess the possible market price before bidding.
Great selection of vehicles – Customers have great variety of choice of starting from old classic models to the newest one. Japan Used Car Auctions offer domestic, European, American and Korean models as well. Especially, if you are looking for Left Hand Drive European cars with great condition and low mileage!