Repo Auction / Repossession Auction

A repo auction is a wholesale sale where lenders, banks, and credit unions sell vehicles repossessed from defaulted borrowers. These auctions are typically dealer-only. Vehicles are sold as-is with limited history and varying condition.

Repo auctions are a consistent sourcing channel for used inventory. Units tend to be priced to move quickly, creating acquisition opportunities for dealers who can evaluate condition accurately and factor recon costs into their bid. Thorough inspection due diligence is especially important given the limited history on repo units.