1. Repossessed vehicles: When borrowers fail to make payments on their auto loans, lenders may repossess the car and sell it at auction to recoup their losses.
2. Fleet vehicles: Businesses and organizations that have large fleets of vehicles may sell older models or surplus vehicles through auctions.
3. Salvage vehicles: Cars that have been involved in accidents or are considered totaled may be sold at auctions for salvage parts.
4. Government surplus: Surplus vehicles owned by government agencies, such as police or military vehicles, are often sold at auction.
5. Bankruptcies and liquidations: When companies go bankrupt or are liquidated, their assets, including vehicles, may be sold at auction.
6. Estate sales: Vehicles owned by deceased individuals may be included in estate sales, which can include auctions.
7. Dealer auctions: Dealers may obtain vehicles through auctions, either to sell directly or to replenish their inventory.
8. Luxury car auctions: High-end and collectible vehicles are sometimes sold at specialized luxury car auctions, where bidding can reach exceptional prices.
9. Charity auctions: Vehicles may also be donated or auctioned off as a part of charity events to raise funds for various causes.
10. Off-lease vehicles: Leasing companies may sell off-lease vehicles through auctions at the end of the lease term.
