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What is an auction and where is it held
How car auctions work in the US, where the lots come from and how prices are set.
How the auction works
In the US, insurance companies, dealers, leasing and rental companies sell cars at open online auctions. Each car is listed as a lot: its photos, VIN, mileage and damage description are visible in advance. The price is set at the live auction by buyers' bids.
Sellers
Insurance companies, dealers, leasing and rental companies, banks.
Lot
Each car has a number, photos, VIN, damage description and title status.
Price
Starts at the opening bid and is set by the final bid at the live auction.
Where it takes place
Auctions are held online, while the cars stand in yards across different US states. The yard location affects the shipping price and time. From your CarBuy Logistics account you go to Copart Azerbaijan auctions in 1 click.
Prices by state →Lot statuses
| Live auction | The lot is on sale now, you can place a bid. |
|---|---|
| Upcoming auction | The lot goes on sale in the coming days, you can follow it. |
| Sold | The auction is over, the lot has a new owner. |
| Clean title | The car has no serious damage and is sold with a regular title. |
| Salvage title | The insurer declared the car heavily damaged; it can be registered after repair. |
| Run and drive | At the yard, the engine was started and the car was driven. |
Related articles
- Which US state is the best to buy a car fromHow the lot's state changes the shipping price and time: a table by state.Read →
- What is a salvage title: how to read an auction lotTitle types, damage labels and odometer status: what to check on a lot.Read →
- How to buy a car on Copart: a step-by-step guideFrom registration to delivery in Baku: how to choose a lot, place a bid and what happens after payment.Read →
- How to buy a car on IAAI from Azerbaijan: step-by-step guideHow to choose an IAAI lot, place an order through a manager and what happens after you win.Read →
- Damage types at US car auctions: how to read lot labelsFrom Front End to Rollover: what each damage label usually means and how risky it is.Read →
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