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Japanese Car Auctions or Exporters’ Stock?
There are two models which Japanese car exporters tend to follow: Selling from stock or buying cars from the Japanese car auctions.
At Integrity Exports, we follow the latter approach. We supply our customers by purchasing cars at the car auctions in Japan, and we do not have any stock sitting in a yard waiting for a buyer.
So why do we think that sourcing cars from the Japanese car auctions is better for our customers?
The incredible volume and selection at car auctions in Japan
As I write this we are in a slower time of the year. We are at the start of February, and the Spring peak season is not going to really get going for a month or so.
Despite, this we have 23,630 vehicles available that will be auctioned today. I say this is a quiet day, as in peak season in March and April, we will probably see days with double this amount. Anyway, this is what we have today.
Let’s see what some top exporters have in stock today. To get a reasonable selection, I Googled “Japanese car exporter stock”. These were the results:
- www.******japanesecar.com – 213 cars
- www.***japan.com – 908 cars
- www.car********.com – 1,112 cars
Not unimpressive numbers, but much less than our total for just one day of auctions.
And the thing is that these stock cars may take weeks or months to sell, so the number of genuinely new cars available on even the largest of these sites each week would probably be one hundred or less.
Obviously, not all cars that are auctioned on a particular day in the car auctions are sold either. Some fail to sell in live bidding or in negotiation and so these return the following week. However, the great majority of cars pass through in one or two weeks, and so each day you get a huge choice of fresh cars that were not available in the previous week’s auctions.
You are talking about a difference of maybe a maximum of 100 cars turnover per week in the case of an exporter with a thousand cars in stock, as opposed to the car auctions’ tens of thousands. Clearly the Japanese car auctions win hands down when it comes to numbers and, therefore, choice.
Log in to our online system on any day, and you can see detailed inspection reports of all the cars that are to be auctioned on that day. You can learn more about this by clicking that previous link but, to quickly summarize, these reports are carried out by professional, trained mechanics and are a thorough assessment of the car. Not only that, but these done by the auction’s own inspectors. Not by the seller, and not by the exporter.
If you buy from an exporter’s stock, you will have to take their word for the condition of the vehicle, so you need to make sure you are dealing with someone who is honest.
When buying through the auctions, you know that the inspection report has not been made by the car exporter himself but by a third party. That gives you extra peace of mind.
Speed of shipping
If you want to get the car right away, then it is true that the buying from an exporter’s stock may get you a quicker result. The thing is that even this will only be true some of the time.
After all, ships don’t sail to even the busiest ports every day, so if your stock-sourced car has just missed a place on one ship, then it may be that you would find that you could have bought a car from the auctions and got it on the next ship anyway.
At Integrity Exports, we believe that the advantages of sourcing cars for our customers entirely from the Japanese car auctions far outweighs any benefits of holding stock cars on the off-chance that someone may want to buy one
Think you might want to see the Japanese car auctions for yourself?
Take just one minute of your time and sign up for 14 days of free access to our online car auction system. You could be looking at cars in the auctions in Japan literally one minute from now.