Due to the various governmental units that supply the vehicles for auction, there's no single reason for vehicles being brought to auction. Some of the vehicles are confiscated due to the former owner's involvement in drug dealing, smuggling, or fraud, while other vehicles were simply just abandoned. On exception, separate auctions will sometimes be held for very large seizures.
CWS Asset Management and Sales (CWSAMS) is a nationwide company with expertise in the management, marketing and sales of a wide range of assets, specializing in web-based and live auctions. CWSAMS has provided continuous support to the U.S. Department of the Treasury, its legacy agencies, and other public & private entities for the marketing and sale of real and personal property for the past 26 years. An abbreviated list of clients are: 

Federal government auctions. Federal government car sales were once handled by the agency that had the vehicles to auction. For example, the DEA auctioned off both fleet vehicles and cars that were been seized from drug dealers and other criminals. Fleet vehicles are the cars that DEA agents drive as company vehicles. There are numerous agencies that auction vehicles. Recently these vehicles and auctions have been consolidated under a single website. GovSales consolidates numerous government auctions under one roof. It is easy to search by product type as well as type of vehicle. It shows what state the vehicle is located in as well as any available information. Photos are sometimes available, but not always. It often provides links to other sites that have additional information
There should be “decent demand at the auction as Italy has struck a deal on the 2019 budget with the EU,” said Jens Peter Sorensen, chief analyst at Danske Bank. “Typically, the auction is a good indicator for the demand for Italian government bonds going into 2019. If there is strong demand at the auction, then Italy tends to perform well in January,” he said.
People were on their cellphones taking bids from afar, others were desperately eyeing the cars to see if the panels and bumper covers were in decent enough shape to make some cash at the current bidding price. Though there were only a handful of folks at this little auction, the dynamic—the subtle things people did to make sure they made a sound buying decision—was enthralling.
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.
The bill auction accepts competitive bids to determine the discount rate to be paid on each issue. A group of securities dealers, known as primary dealers, are authorized and obligated to submit competitive bids on a pro-rata share of every Treasury bill auction. The winning bid on each issue will determine the interest rate that is paid on that issue. Once an issue is purchased, the dealers are allowed to hold, sell, or trade the bills. The demand for bills at auction is determined by market and economic conditions.
... Finland's auctions that use the uniform price mechanism. He also can choose to participate in the Italian government auctions that use both mechanisms or buy Austrian bonds that use none of these auction methods (See Brenner,Galai and Sade, 2009). Though these bonds differ by their characteristics there is no doubt that one can find several which are close substitutes. ...
Nonetheless, auctions have a long history, having been recorded as early as 500 B.C.[7] According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction method.[6]
Federal government auctions. Federal government car sales were once handled by the agency that had the vehicles to auction. For example, the DEA auctioned off both fleet vehicles and cars that were been seized from drug dealers and other criminals. Fleet vehicles are the cars that DEA agents drive as company vehicles. There are numerous agencies that auction vehicles. Recently these vehicles and auctions have been consolidated under a single website. GovSales consolidates numerous government auctions under one roof. It is easy to search by product type as well as type of vehicle. It shows what state the vehicle is located in as well as any available information. Photos are sometimes available, but not always. It often provides links to other sites that have additional information
Another approach to choosing an SOB: The auctioneer may achieve good success by asking the expected final sales price for the item, as this method suggests to the potential buyers the item's particular value. For instance, say an auctioneer is about to sell a $1,000 car at a sale. Instead of asking $100, hoping to entice wide interest (for who wouldn't want a $1,000 car for $100?), the auctioneer may suggest an opening bid of $1,000; although the first bidder may begin bidding at a mere $100, the final bid may more likely approach $1,000.
The objective of this paper is to investigate the preferences ofpotential bidders in choosing between uniform and discriminatory auctionpricing methods. Many financial assets, particularly government bonds,are issued in an auction. Uniform and discriminatory pricing constitutethe two most popular mechanisms used in public auctions. Theoreticalpapers have not been able to provide an unequivocal ... [Show full abstract]Read more

Treasury bills (T-bills) are short-term debt securities issued by the U.S. government through the Treasury Department to help finance the national debt. These debt instruments mature within a year and are issued at a discount to par value. The maturity term for T-bills are: 1 month (or 4 weeks), 3 months (or 13 weeks), 6 months (or 26 weeks), and 1 year (or 52 weeks). The minimum amount you can buy a bill for is $100, although the most commonly sold bills have a par between $1,000 and $10,000. The bills are considered risk-free securities since they are backed by the full faith and credit of the U.S. government and, hence, the yield on these securities is used as the benchmark for short-term interest rates. Treasury bills are issued in electronic form through an auction bidding process which is conducted every week.

Real property - Primarily, this consists of developed land with buildings, usually acquired by the federal government for a specific purpose, such as a military base or office building. This also includes some U.S. Forest Service properties, which usually consist of administrative sites and facilities. The General Services Administration (GSA) is the federal agency responsible for selling developed surplus property.  
Internet auctions – With a potential audience of millions the Internet is the most exciting part of the auction world at the moment. Led by sites in the United States but closely followed by UK auction houses, specialist Internet auctions are springing up all over the place, selling everything from antiques and collectibles to holidays, air travel, brand new computers, and household equipment.
GET THE DEALS WHILE THEY’RE STILL HOT From Our Burgerino Burger Joint Restaurant Which Features Bakers Pride Stainless Steel Commercial Natural Gas Two-Deck Pizza Oven, Large Stainless Steel Commercial Kitchen Hood Vents, Stainless Steel Commercial 3-Door, Refrigerated Work Top, Stainless Steel Commercial 2-Drawer Refrigerator, Beverage-Air Stainless Steel Commercial 2-Door, Refrigerated   [ View Full Listing ]
Middleby Marshall Pizza Oven, Southbend 10 Burner Range, Cold Tech Sandwich Prep Table, Delfield Lowboy, Vulcan Steamer, Dixie Vending Machine, Ugolini Dual Slush Machine, Jackson Dishwasher, True 2 Door Beverage Cooler, Vulcan Flat Grill, Imperial Deep Fat Fryer, Elite Deep Fat Fryer, Fine Ceramic Ware, Robot Coupe Immersion Blender, Generac Generator, Champion Generator, True One Door Cooler,   [ View Full Listing ]

MoneySupermarket.com Financial Group Limited is authorised and regulated by the Financial Conduct Authority (FRN: 303190). The registered office address of both MoneySupermarket.com Group PLC and MoneySupermarket.com Financial Group Limited (registered in England No. 3157344) is MoneySupermarket House, St. David's Park, Ewloe, Chester, CH5 3UZ. MoneySavingExpert.com Limited is an appointed representative of MoneySupermarket.com Financial Group Limited.

×