Identifying an auction that will meet your needs is quite possible. However, there are some processes that an individual needs to follow so as to fully realize the benefits of these auctions. Probably you are now rolling your eyes saying there is always a catch. This is not the case, all that one needs to do is invest some bit of time.
This means, there is a possibility of getting a unit that fits your needs and nobody who is interested in buying it. An auction is normally some sort of bidding war where buyers try to outdo each other in the hope of getting an item. Therefore, when you are the only one who is interested in an item, it is possible to buy it cheaply.
There are different types of vehicle auctions. The two main categories are the wholesale and retail. The former is normally reserved for those who are buying in bulk so that they can resale them. The latter is for those who are buying one or two cars for their own use.
The two broad categories are the wholesale and retail version. The difference between the two lies with the number of units that you are buying. In this regard, it is fairly common to find dealers participating in the wholesale version. There are of course some benefits to attending them that are not in the retail version.
Therefore, when you participate in a used Honda auction, the middle man is cut off. The end result is that the cost of the vehicle comes down since there is no mark up that is usually added on the price.