Posts Tagged ‘auction’

Auction Watch: Excavators and Industrial Equipment

December 2, 2008

I would like to continue with our series of vehicles you can find at Japanese auto auctions. But I going to take a small detour from the regular cars and get into something bigger (literally). Excavators and other industrial equipment are often sold in Japanese auctions for a number of reasons. Just like private car owners, industrial vehicle owners need/want to change their vehicles according to demands the business has at the time.

Since it is no easy thing to sell such equipment alone, you will find several auto auctions selling industrial equipment on the side. In addition to the general vehicle auctions, there are also specialized auctions that focus just on industrial and construction equipment. Often these auctions use the parade auction format (cars are “paraded” in front of buyers and auctioned individually) due to the size of the vehicles and the money involved.

The quality of these vehicles can vary, but you will see many that are in great condition (for their use). Those who are serious about buying used large equipment should really consider buying from Japan. Many importers (from Canada to East African nations to South-East Asian to South American countries) purchase from Japanese auctions because even after shipping costs and other fees involved, you will find better quality for a cheaper compared to purchasing from a local market.

To give an example, here is a 2001 Kobelco excavator currently available for export on JCarBuys Stock:

YV02 - 2001 Kobelco SK115SR-1E Hydraulic Excavator - Green YV02 - 2001 Kobelco SK115SR-1E Hydraulic Excavator - Green YV02 - 2001 Kobelco SK115SR-1E Hydraulic Excavator - Green

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Car Watch: Honda Integra Type R

November 20, 2008

Continuing our series all about the different types of vehicles you can find from Japanese used car exporters, this time we will focus on the Honda Integra Type R. Coming from one of the most popular manufactures for cars, the Integra Type R is of the sporty variety, popular about car enthusiasts and car tuners.

For those who are unfamiliar with a somewhat common terminology, not all Integras are Type R. Type R refers to the “Racing” type of a vehicles (same as Civic Type R), which involves the car’s weight being reduced by taking anything unnecessary out and also using more performance-orientated parts for vital systems. The other way to look at it is that a Type R car is generally more uncomfortable, noisier, and much less “options” that would otherwise weigh down the car. As an example, here is a 2000 Honda Integra Type R:

DC2 - 2000 Honda Integra Type R - red

When considering if there is a market for these types of vehicles in your country, you must also consider import rules concerning these cars. Often, they are using after market parts instead of the standard stock parts and because of that, they may not qualify to come into your country. On the other hand some countries don’t mind you import special vehicles as long as they pass safety and emission tests (such as Australia).

Even if you don’t particularly like these types of cars as an importer, maybe there is niche market where you are for these types of vehicles. Another benefit is the cars generally produce very passionate crowds that are willing to go extra lengths to purchase such a vehicle.

Related Pages:
Car Watch: Mercedes-Benz A-class
Car Watch: Toyota Landcruiser Prado

Japanese Auto Auction Series Part 7 – ORIX

August 8, 2008

Company: ORIX
General Website:
Locations: Kobe, Atsugi, Nagoya, Fukuoka
Auctions Held: Tuesday, Wednesday, Thursday

In continuation to our series on different auto auctions in Japan, I would like to present ORIX Rental Service Auctions. ORIX is a major rental company in Japan and Asia. Like most rental companies, cars must constantly be replaced with new, more attractive. So you might wonder where that car you rented a few years went? Well most like for ORIX cars, they were probably auctioned off to smart buyers.

One benefit of buying from a rental company’s auction is that you know all the cars are from the same owner. That means there is a roughly the same owner’s care to all the cars presented. Also, the cars would’ve been reguarly checked and serviced by their mechanics. As a rental company, they will want to recover as much value from the car as possible and most likely wouldn’t neglect the cars condition.

One thing to note is that this auction is “Nyuusatsu”. That means you just place a bid once instead of “battling” your way up. All offers are collected and the person with the highest bid wins. This is different from the typical, but it has some benefits. For example, the agent is not wasting time on the actual bidding process and can spend more time on other things like inspecting.

Buying from rental company auctions, such as ORIX’s, has many benefital aspects. Having your exporting agent able to check their auction would be useful, especially for cars and trucks you would expect in a rental fleet.

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip
Japanese Auto Auction Series Part 4 – AAAi / ARAI
Japanese Auto Auction Series Part 5 – Bay Auc
Japanese Auto Auction Series Part 6 – TAA

Japanese Auto Auction Series Part 6 – TAA

July 1, 2008

TAA Japanese Toyota Auto Auction Logo

Official Website: taaweb.jp
Established: 1967
Locations: Chubu, Fukushima (Tohoku), Hiroshima, Kanto, Kinki, Kyushyu, South Kyushyu (Kagoshima; Minami Kyushyu), Okinawa, Yokohama
Auctions Held: Tuesdays, Thursdays, Saturdays

TAA (Toyota Auto Auction) is another type of auto auction found in Japan. This group of 9 auction house was created for Toyota dealers to sell any unwanted cars, such as older cars customers traded in while buying from the dealer. Not only are there such auctions available for Toyota dealers, but there is HAA (Honda), SAA (Suzuki), SUAA (Subaru), NAA/NTAA (Nissan), MAA (Mitsubishi), and IMA (Isuzu).

One advantage TAA has over most of it competing auto auctions is that they publish higher quality images of vehicles from the inspection. While most auto auctions have 300px by 225px photos of the cars, TAA saves photos at 640px by 480px. So in a real way TAA gives auction bidders a “clearer” picture of what condition the car is before the auction begins.

More information is available on the Japanese website: TAA Web (Japanese)

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip
Japanese Auto Auction Series Part 4 – AAAi / ARAI
Japanese Auto Auction Series Part 5 – Bay Auc

Japanese Auto Auction Series Part 5 – Bay Auc

June 6, 2008

Bay-Auc - Japanese Auto Auction in Osaka, Japan

Official Website: www.bay-auc.com
Founded: 1977; Established: 1982
Location: Osaka; Patners: MAA, SUAA
Auctions Held: Wednesday

Bay Auc is a well known auto auction in Japan. One particular advantage this auto auction has over many other auctions is its location. It is situated in an very good location in Osaka, one of the biggest international shipping ports of Japan. The city itself is second only to Tokyo in economical power. You will find that many Japanese used car exporters are either based in the Osaka area or heavily use the Osaka Port for shipping vehicles.

The car auction promises to exhibit at least 3,500 to 4,000 cars every Wednesday starting at 9 AM. It has two simultaneous auction “lanes” running at 400 images an hour. Auction lanes are where they have more than one car being auctioned at any moment. This makes getting through the thousands of cars possible. Bay Auc is not the biggest auction, but they do a good job and have many cars to go through.

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip
Japanese Auto Auction Series Part 4 – AAAi / ARAI

Japanese Auto Auction Series Part 4 – AAAi / ARAI

May 12, 2008

Official Website: www.araiaa.jp
Established: 1920; Incorporated: 1956
Number of Auction Sites: 4
Auctions Held: Tuesday, Thursday, Friday, Saturday
Locations: Bayside, Fukuoka, Oyama, Sendai

This auction company has two names attached to it which can be confusing. Don’t be mistaken, it is one company being referred to: ARAI. AAAi simply means “ARAI Auto Auction international”. They have this longer name because they are capable of directly shipping the vehicles from the auction. This can reduce you FOB costs if your export agent takes advantage of this offer.

ARAI is a very diversified auction group in that they have many specialised auction meetings. On Tuesdays they have two locations where they sell 2 wheelers (motorcycles and such), Bayside and Fukuoka, and one location, Sendai, that sells four wheelers (cars). On Thursdays, Oyama has a 4 wheeler (car) auction. On Fridays, Bayside then switches to also sell cars. Finally on Saturdays, Oyama opens up an auction called VT auction (Van & Truck) specialising in the larger vehicles of the market such as commercial vehicles.

ARAI Auto Auctions provides a large assortment of vehicles to choose from and somewhat sorts them out according to type. This is useful for your auction agent (your exporter) to organise his schedule better to fit more auctions in for you.

For more information about other Auto Auctions such as ARAI/AAAi, join our Newsletter.

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA
Japanese Auto Auction Series Part 3 – Zip

Japanese Auto Auction Series Part 3 – Zip

May 1, 2008

Official Website: www.zipco.co.jp
Founded: 1996
Number of Auction Sites: 2
Auctions Held: Tuesday, Thursday
Locations: Zip Tokyo, Zip Osaka

The Zip auto auction is unique from other auctions in Japan. What makes it different is that it focuses on auctioning imported cars only. If you are looking for an non-Japanese car to import into your country, this is the place. You will find LHD vehicles as well as RHD vehicles which makes it very flexible for foreign buyers. This auction is very valuable for exporters to participate in.

Whether you are looking for an everyday French or American car or an exotic German or Italian car, this is the place for you. To give you an idea of what you will find here, you’ll see cars made by Alfa Romero, Aston Martin, Audi, Bentley, Bertone, BMW, Cadillac, Chevrolet, Chrysler, Citroen, Ferrari, Fiat, Ford, General Motors (GM), Hummer, Hyundai, Iveco, Jaguar, Jeep, Lamborghini, Land Rover, Lincoln, Maybach, Mercedes Benz, Mercury, Mini, Opel, Peugeot, Renault, Rolls Royce, Rover, Saab, Saturn, Smart, Volkswagen, Volvo and many others.

You may find that it is cheaper to buy an non-Japanese car from Japan through Zip than have one shipped from the Country of Origin. If you are planning to buy foreign in Japan, make sure your exporter has membership to Zip in Tokyo and Osaka.

Related:
Japanese Auto Auction Series Part 1 – USS
Japanese Auto Auction Series Part 2 – JAA

Japan Used Car Auctions: Not Only Japanese

March 21, 2008

When you think of Japanese used car auctions, you immediately think: Toyota, Nissan, Honda, Suzuki, Subaru, etc. But Japanese make cars aren’t the only cars you can get in Japan. Did you know that there are thousands of non-Japanese used cars going through auction in Japan everyday?

Seriously, the big auctions have sold today (this Friday): 1,012 Mercedes-Benz, 777 BMW, 412 VW, even 166 Mini. Over 230 Chrysler, 113 GM, 230 Volvo, 182 Fords, 106 Chevrolet, and hundreds of other foreign made cars.

If you are in a country that doesn’t have direct access to a particular brand, you could buy it at a Japanese auto auction and have the vehicle imported from Japan. For more information on exporting and importing used cars from Japan, you can visit JUCE.info.

Another reason to buy non-Japanese used cars in Japan is because you will be able to get a cheaper car than importing from another country while the condition of the vehicle has been kept very well. For example, there is a classic that you can buy in your country, but it will cost you a ton of money. You might be able to find the same car for a cheaper price and better maintained in Japan. Many exporters will allow you to use their access to search auto auctions for free if you register with them.

Just to point out, there are many auctions that auction foreign cars in Japan. There are also some Auctions that specialize specialize in Import Vehicles (into Japan) that have many foreign vehicle. One example is Zip Toyko and Osaka. For more information on other auto auctions, visit this Auto Auction In Japan List.

Buying From Auctions: Inspection Sheets

February 25, 2008

Auctions are an excellent place to start your search for a Japanese used car from Japan. This is because it has many benefits over other choices. The most obvious is the selection. On average there is about 20,000 vehicle listed every day, for that day alone, on the top 20 auction group listings. Another benefit is the value where, because there is so many cars to choose from, you’re not stuck with one costly vehicle to choose from because everyone want it. Another big benefit is the Inspection Sheets most auctions have.

Inspection Sheets were designed to give you, the bidder and buyer, a quick idea what kind of condition the car is in. Each auction does things a little from others, but in general they have the same content.

The first thing you might notice is a big car diagram usually found on the bottom right of most inspection sheets. This diagram show you the physical flaws on the body and glass on the car. The different symbols/letters mean different things to different auctions, but for some general information, look here for some general guidelines for auction grading.

On the top, you will often find especially on paper-based inspection sheets to larger box on the top left, and top right. On the left side this is usually the Exhibit number, the number give for that car so people can identify it on auction day. If you find a car you like, this is the number you should write down. Your auction agent (also called bidding agent) will be able to quickly find the vehicle to do a hands on inspection.

The box on the top right is car’s grading box. It will usually show a number, dash (not rated or worst condition), asterisks (***), or a letter. A zero or non-number usually signifies it’s been in an accident and/or repaired. An exception is R1 which means it has been modified for racing. Of course, as said earlier, there is a slight variation between auctions. With the numbers, the higher the better. In general, 3.5 is average/decent quality. That means it doesn’t have much more than a few minor scratches or very small dents. For exporting, this is probably the lowest standard you’ll want to avoid additional repairs.

Just a few more exception to the grading system. First the letter “S” means brand new and “T” mean special purpose vehicle. Also, if there is a smaller box below this grading box and has a letter or number, that box is for when they separately rate the interior of the car. Without the smaller grade box, the grading box is for both exterior and interior.

Other information you will find in an inspection sheet include:

  • Car identity numbers and information
  • Engine information
  • Transmission type
  • History
  • Last Car Inspection (Shaken)
  • Mileage
  • Color (Exterior and Interior)
  • Equipment
  • Fuel Type
  • Dimensions
  • Other sales points
  • and Inspection Notes

Most is self explanatory. One important thing to note is that all the grading is for the body’s condition and not include the rating for the car’s mechanical condition. To find how the car is mechanically, this information can be found in the “Inspection/Inspectors Notes” section. This is written in Japanese so will need to have it translated by your auction agent.

Auction Inspection Sheets are excellent tools for searching for cars, but they are not a substitute for hands on inspections of your agent that will be there at the auction physically. Make sure you mention to your agent exactly what you want and what is acceptable before he bids for you. Often, auction sites provide digital images for your agent to send you before bidding happens. Take your time, there are often many cars available that match your specification.

For more information on Inspection Sheets visit:

Japanese Used Car Exporting.info – Inspection Sheets
Japanese Used Car Exporting.info – Japanese to English Inspection Sheet Translations

When to buy at Japanese Auto Auctions

January 31, 2008

Prices at Japanese auto auction fluctuate during the year. This is because Japanese tend to buy and sell at certain periods throughout the year. Here is some general periods of time during the year you will find to be on average cheaper.

End of March to Mid May
For many companies, this is the end of the accounting year and they need to sell of unnecessary cars to pay taxes. By the time the middle of May comes around, excess stock has now been sold off through the auctions and prices come back up to the previous levels

Late October to End of December
This is the most expensive time of the year in Japan for companies. Bonuses and end of year parties help companies offload their cars so they can cover the expenses. This especially happens at the end of December.

Other Factors
Other factors can cause a price of a certain type of vehicle to drop without apparent reason. For example, the drop in the Irish and English Punt and Pound in ’98 caused Pajero prices to nose-dive for the first time in 2 years.