The basic function of a salvage pool is to bring buyer and seller together. This concept presented a one-location convenience for the buyer and a competitive bidding environment resulting in a better recovery value for the Insurance Industry; an equation of sort.

Competition among salvage pools has presented some interesting offers for the Insurance Industry. Insurance companies have been afforded the opportunity to pick and choose the best offer, which may result in a potential liability.

It is apparent that added or increased fees to the buyer are financing these offers. This practice shifts the burden to the buyers as they are bearing more of the cost in an effort to attract insurance companies. We see the buyers adjusting their bids accordingly. It remains to be seen what level this reaction will attain. We believe the equation between buyer and seller must be respected for the long-term benefit of all participants in the Salvage Industry.

Buyer Qualifications

Buyers must have:
• Business license
• Alabama Buyer Identification Card

To obtain an ID card go to www.revenue.alabama.gov
Select business
→divisions
→sales, use and business tax
→business licensing
→automotive dismantler & parts recycler license

Registration

To create your account choose the ‘Register’ link on the header navigational bar or use any
of the links available on the home page.
When registering you will be asked to complete a short form which includes standard information
such as your contact details, preferred login credentials, etc.

Mandatory fields includes:

• Name
• City
• State/Province/Country
• Zip/Post Code
• Phone Number
• Fax Number
• Birthday
• Username & Password
• E-Mail address
• Confirmation of terms and conditions acceptance

Once registered you will be contacted by Auto Salvage sale for additional information to ensure
all needed documents are on file. Should you encounter any registration difficulties please contact
us.

PLACING A BID

Placing a PROXY BID on an item you are interested in couldn’t be easier. When viewing the item
details page you will have two areas from where you can place your bid, one next to the item
details and a second at the bottom of the page.
To place your proxy bid simply enter the amount you wish to bid, e.g., 50.00. Please note no
currency symbols are required. Once done you will be asked to review your bid. Select BID to
confirm. To submit your bid simply press the ‘Place’ button.
If your bid is high enough to take the lead in the auction a confirmation message will be displayed.
However, if your bid has not taken the lead because of a higher proxy bid or not meeting the reserve price, you will be invited to place another bid.
Proxy bidding also allows you to place your ‘High Bid’. At all times you will only pay the lowest required bid should you win that particular item. For example, if the current bid on an item is 500.00
you can place a proxy bid of 2,000. Should you remain the only bidder you will only pay 500.00.
However, should the item receive other bids the site will automatically re-bid for you (up to 2,000
in this case) to ensure you remain in the lead.

Bidding ends at 10pm the day prior to sale.
Payment must be received by close of business the following Friday.

Proxy Bidding – How it Works

1. When you place a bid, you enter the maximum amount you’d be willing to pay for the item.
Your maximum bid is kept confidential.
2. The system then compares your bid to those of other buyers.
3. Then places bids on your behalf using only as much of your bid as is necessary to maintain your
high bid position (or to meet the reserve price). The system will bid up to your maximum
amount.
4. If another bidder has a higher maximum you will be outbid. But if no other bidder has a higher
maximum you have the highest bid on that item. This means you don’t have to re-bid every time
a higher bid is placed. The highest bidder will be contacted after the auction and all call items
approved.