Is "Reported at Auction" a bad thing?

Asked by Feb 13, 2017 at 10:06 PM about the Kia Sorento

Question type: Shopping & Pricing

I'm looking at a 2016, low mileage, used car from a reputable dealer.  The list price is about $4k lower than it should be for that model/year/mileage.  And the AutoCheck history (see below) is thin but strange, at least to me.  Are all the "reported at auctions" something to be concerned about?  I haven't seen the car in person yet, so for all I know it could have an obvious problem.  But assuming the eye and driving tests check out, would it be worth it to get it inspected to ease my concerns?  Or should I just save that money and avoid this car?

11/24/15 Motor Vehicle Dept., Lien Reported
07/18/16 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
10/13/16 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
01/16/17 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION
01/23/17 Auto Auction, SOUTHEASTERN REGION REPORTED AT AUTO AUCTION AS DEALER VEHICLE

5 Answers

116,715

I WOULD AVOID, TO MANY AUCTIONS IN A SHORT PERIOD OFTIME ANDPRICE IS WAY TO LOWFORTHIS TYPE OF CAR, SAVE YOUR PENNIES AND BUY SOMETHING ELSE,IF ITS TO GOOD TO BE TRUE THEN SOMETHING IS WRONG....GOOD LUCK

2 of 2 people found this helpful.
110,055

Looks like a repo, was bought 11/25/15, was repoed and sent to auction to satisfy the bank, 0/18/16 no bids so was probably sent back to bank, maybe damaged too much too sell, resubmitted to auction 10/13/16, again no bids, resubmit 01/16/17 no bids, 0123/17 successful bid dealer owned. Get a carfax on the vehicle, so, then you can decide too either walk away form this one or spend the money having it checked out if you think it is worth your time and money. In this case for sure "buyer beware"

1 of 1 people found this helpful.
75,805

I'd be careful about this one. The auto auction isn't necessarily the "kiss of death". But on something this new, it makes me suspicious. Especially since it's been there so many times. In three month cycles. Looks like a dealer got it, couldn't sell it, then back to the auction it went. A few times. Probably back and forth with a few different dealers. It could be a lemon. If so, the dealer is required to tell you this BEFORE you buy! If you're seriously interested in it spend $150 and have it professionally inspected. Also get a vehicle history report such as Carfax and read it carefully. HTH. -Jim

1 of 1 people found this helpful.
32,925

It's not a kiss of death, it was repossessed and went to the auction house, like Manheim or Adesa which often hold dealer-only repo auctions. Probably had to high a reserve on it so didn't sell at first, although you have no history on vehicle so it might have had other reasons it remained at the auto auction so long. You'll need the carfax or motor vehicle history to know it's exact change of ownership and mileage at each transfer. Because it is such a crap shoot on buying a car with this type of history (or lack of) that is why its value is so much lower than a one-owner well-documented vehicle.

1 of 1 people found this helpful.
61,065

Auto auctions are no big deal if they appear on a car check, but if there is a repo on there I would not buy it. Do as suggested and spend a few bucks and run a Carfax on it. Also sometimes "googling" the vin number can come up with additional information.

1 of 1 people found this helpful.

Your Answer

Sorento

Looking for a Used Sorento in your area?

CarGurus has 2,324 nationwide Sorento listings starting at $4,495.

Postal Code:

Kia Sorento Experts

  • #1
    roc622
    Reputation
    530
  • #2
    Tom Demyan
    Reputation
    480
  • #3
    griprim12
    Reputation
    410
View All

Related Models For Sale

Used Hyundai Santa Fe
29 Great Deals out of 823 listings starting at $2,950
Used Kia Sportage
38 Great Deals out of 1,187 listings starting at $1,995
Used Toyota Highlander
13 Great Deals out of 1,000 listings starting at $3,800
Used Ford Explorer
42 Great Deals out of 1,598 listings starting at $4,995
Used Chevrolet Traverse
25 Great Deals out of 1,304 listings starting at $4,500
Used Chevrolet Equinox
103 Great Deals out of 6,309 listings starting at $2,125
Used Honda Pilot
5 Great Deals out of 606 listings starting at $3,990
Used Honda CR-V
42 Great Deals out of 2,782 listings starting at $300
Used GMC Acadia
13 Great Deals out of 2,314 listings starting at $4,950
Used Toyota RAV4
41 Great Deals out of 3,091 listings starting at $2,995
Used Nissan Rogue
48 Great Deals out of 4,182 listings starting at $4,500
Used Ford Edge
93 Great Deals out of 2,192 listings starting at $1,816
Used Ford Escape
167 Great Deals out of 4,769 listings starting at $1,995
Used Nissan Pathfinder
19 Great Deals out of 1,323 listings starting at $3,888
Used Kia Optima
68 Great Deals out of 815 listings starting at $6,495

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.