How much do car dealers pay at auctions?

Car dealers typically pay anywhere from 20% to 50% below the retail value of a vehicle at auctions. This can vary depending on the type of vehicle, its condition, and the popularity of the auction. Dealers also factor in the cost of transportation and any repairs or maintenance that may be needed before they can resell the vehicle.

In general, car dealers are looking to make a profit when they buy vehicles at auctions. They need to cover their costs and sell the vehicles for a higher price than they paid. However, they also need to be competitive in the market, so they can't afford to pay too much for vehicles.

As a result, car dealers often negotiate with sellers at auctions to try to get the lowest possible price. They may also be willing to buy multiple vehicles from the same seller in order to get a better deal.

If you're thinking about buying a car at an auction, it's important to be aware of the dealer's perspective. They're looking to make a profit, so you need to be prepared to pay a fair price. However, you can also negotiate with dealers to try to get a better deal.