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Auto Auction Services
The Richmond Auto Auction operates with the belief that our success can only be realized if our clients succeed. Therefore, our goal has been to maximize our clients' oppotunities when remarketing assets. To do this, the RAA provides a complete turn-key capability and an array of services to suit every client's requirements. These include:
Asset Recovery
RAA provides financial institutions who may repossess cars, trucks, boats, campers, construction equipment and heavy trucks with the ability to receive and store those assets pending redemption and offer them for sale through our public auction. RAA can also advance payment for these vendor provided services and apply them to auction proceeds, providing a consolidated accounting for each asset.
Redemptions
RAA handles the redemption of repossessed vehicles for banks, credit unions, and finance companies. Vehicle storage, collection of amounts due, vehicle release and remittance of proceeds to the finance company are all provided.
Floor Planning
RAA’s Dealer Registration service can arrange floor planning through a variety of recognized companies. We can assist you with selecting the company that is best for you.
Transportation
RAA provides or can arrange pickup and delivery transportation services for virtually any need. Local, regional and long distance requests are accommodated, as well as the transportation of specialty vehicles (boats, campers, heavy trucks and construction equipment).
Condition Reports
Condition Reports containing information such as digital photos (exterior, interior, odometer, damages), personal property inventory, recommended reconditioning, identified damage and estimated repair costs, and fluid checks (with refills) are available via fax, email or via the RAA’s password-protected virtual client account at our website. Pre-sale and post-sale status is also available.
Auto Check Reports
Vehicle history reports are run on vehicle models up to 6 years old through Auto Check to identify major damage, mileage or title problems.
Reconditioning
Clean vehicles allow both buyers and sellers to fully appreciate the value of their assets. As a result, RAA offers a wide variety of reconditioning services for all vehicle types. Your RAA representative is prepared to discuss available options from a simple wash to full detailing.
De-Indentify Vehicles
RAA’s staff can remove signage and logos, typically found on fleet, corporate and municipal vehicles, at the seller’s request.
Mechanical and Body
RAA’s experienced technicians can provide minor mechanical and body repairs, as well as windshield repair and replacement. Estimates are presented to the client for approval before work is performed. Major repairs and warranty work can be arranged on request.
Bidding Options
RAA allows buyers and sellers to be an auction participant by attending the live auction held each Friday or via the internet, phone or proxy bid. Ask us what will work best for you.
Travel Accomodations
Since many of the RAA’s customers may need to travel long distances to attend our live auctions, RAA’s staff is prepared to help with travel arrangements and discounted accommodations near our facility. Call or email us for assistance.
Guaranteed Checks & Titles
RAA’s settlement and title process provide clear, transferrable titles and guaranteed settlement checks.
Customized Online Dealer Accounting
The RAA provides registered dealers with a secure ID and password that allows the tracking of purchases and sales and financial accounting via the RAA website.
Marketing
RAA advertises and promotes its auctions in a variety of ways in order to maximize our clients’ results. Each vehicle in an auction is featured on our website and includes photos, descriptions, mileage and any known conditions.
