What Are Insurance Auctions That Sell Salvage Vehicles?


Quick Answer

Insurance auctions that sell salvage vehicles, such as Insurance Auto Auctions, Salvage World and Global Insurance Auction, offer bidders live, live online, proxy and prebid options for auction vehicles. The auctions facilitate the sale of total-loss, repairable vehicle inventory from insurance companies, fleet companies, rental car agencies and other sellers.

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Full Answer

Most salvage auction work in partnership with insurance and rental companies to provide the auction and sale of the salvage vehicles. Auctions are open to bidders who register and are conducted live and live online. Insurance Auto Auctions work in conjunction with other auction sites, such as Adesa Salvage Vehicles. IAA provides the live auction bidding technology for smaller companies to bid on their inventory through the IAA bidding site. The salvage auction has a remarketing, donation and specialty division to provide custom service options to both buyer and seller. Buyers have flexibility in bidding with online live auctions. Bidders can bid live in person, online simultaneously or prebid by proxy. To find the auction sites, visit the IAA website and find the closest branch by following the "find a branch" link. There are salvage auction locations throughout the United States. Potential bidders can also access the auction list and directions for a specific location.

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