Due to the issuance of income tax returns, February to April are typically very busy times for car auctions in the United States. However, that was not the case this year due to most states issuing mandatory lockdown and self-quarantine orders to help mitigate the spread of the COVID-19 virus that originated in China.
While some states are continuing their lockdown orders, many are slowly beginning to allow businesses to reopen. This includes, but is not limited to: Florida, Georgia, and Texas, among others. Click here for an up-to-date map of which states are opening and which are continuing their lockdown guidelines.
Due to many auctions being closed for weeks, their inventories are starting to overflow and this summer will be the best time to get a great deal on a used car or truck at a public auction. Used car prices are at an all time low right now due to the supply glut in the market. This is especially true for wholesale used car prices, which is what most auctions use to determine the value of their inventory. If you saved your income tax return and your corona stimulus payment, you can combine the two for a much better car than would have been able to buy a year prior.
You may also click here to find online car auctions if you are not comfortable attending them in person. These recent events are causing more and more auctions to invest in the technology to allow for online bidding for their inventory.
Important: Always wear a face mask in public until a vaccine is available. Some auctions will require this for entry. Click to read the CDC’s Coronavirus (COVID-19) guidelines.