By The Associated Press-NORC Center for Public Affairs Research (CAPAR) of the University of California, Berkeley, and the University, of Southern California, found that the Southern CA Auto Auction will begin in Los Angeles, the first city in the nation.
The auction, which begins Tuesday, will include four of California’s five largest metropolitan areas and will be held in four cities with more than 50,000 residents each: Los Angeles; San Francisco; San Diego; and Oakland.
“With so many major cities and large populations, the need to have a large number of participating cities makes this a very competitive auction,” said Michael Hirsch, senior research fellow at CAPAR and a co-author of the study.
“The Southern California auto auction is an example of a city-based auction that is well equipped to support a large-scale event,” he said.
The Southern CA Auction, an initiative of the Southern Association of Governments, will take place from March 16 through April 6.
It is part of the state’s statewide auction of cars, trucks, buses and other vehicles, which has drawn attention from carmakers and other buyers since the late 1990s.
Hirsch said the Southern Auto Auction was conceived by the California Association of Manufacturers, the industry’s main trade group, to support the auto industry and promote sales and service.
“This is a big deal for the auto companies, and for California,” he added.
“I think it is a tremendous success story for the state.”
The Southern Auto Association is a member of the California Auto Dealers Association and the National Automobile Dealers Assn.CAPAR’s study also found that car dealerships will be among the main purchasers in the Southern Califonternaut auction.
More than 1.5 million vehicles will be sold at the auction, according to the Southern Automotive Association.
In its annual report, the association said that sales of the largest vehicles at auction in Southern California were more than $1 billion.
The study’s findings are based on data from California’s Office of the State Registrar of Motor Vehicles.
The AP was unable to independently confirm that the data was accurate.
The AP reported that the auction will feature more than 6,400 cars and 2,700 trucks from the state and county.
The total auction price will be about $2.9 billion.