Japan Used Car Auction – GlobeLinx Trading Limited

GlobeLinx Trading Limited > Japan Used Car Auction

History

Japanese used car auctions began in 1967 when Toyota Motor Corporation held its firsthand-signal auction. Due to the long trading times and limited number of cars sold, these auctions were inefficient.

As a result, new computer technology was launched in September 1978, enabling modern auctions to take place. The first equipment and software for auto auctions were introduced by Fujitsu and Kiden companies. This technology enabled “Internet Live” auctions, where trading time was reduced to a few seconds.

Modern Auto Auction System

Japan is a country of a large and thriving used car auction industry. There are many major auction houses located near the country’s main ports, in cities such as Yokohama, Osaka, Kobe, Nagoya and Kawasaki. The leading used car auction companies in Japan include USS Auto Auction, AUCNET, CAA, HAA, HONDA, TAA, JAA, BAYUC and JU. Approximately, there are over 150 used car auction locations nationwide.

Used Car Auctions’ key Benefits

Transparency

Generally, used car auctions are not open to the public. To attend, you usually need to have a dealer’s license. This is to prevent any price-fixing or fraudulent activities from taking place during the inspection and exhibition process. By keeping the process transparent, it helps to avoid any price-fixing that could occur.

Market price & quality

At Japanese used car auctions, there is a massive market for quality vehicles. Quality is graded on a scale from A to F, with A being the best quality and F being the worst. This grading system makes it easy to assess the possible market price of a vehicle before bidding.

Variety of vehicles

Customers have a great variety of choice, starting from old classic models to the newest ones. Domestic, European, American and Korean models are all available. Especially, if you are looking for Left Hand Drive European cars in great condition and with low mileage, you are sure to find what you’re looking for.