Car auctions are events where vehicles are sold to the highest bidder. These auctions can take place in person or online, allowing buyers to compete for cars from various sellers. Participants can find a wide range of vehicles, from classic cars to modern models, often at competitive prices. At a car auction, bidders inspect the cars beforehand and may have the opportunity to test drive them. The auctioneer facilitates the bidding process, and once the highest bid is reached, the car is sold to that bidder. Popular car auction houses include Barrett-Jackson and Mecum Auctions.