Carmax Auction

Carmax Auction is an online auction service for used cars that is offered by Carmax, a large used car dealer. The website for Carmax Auction can be found at  With 75 auction sites across the United States, CarMax has become so popular with car dealers. The company is known for its straightforward and enjoyable service.

Carmax was founded in 1993 and quickly became the nation’s leading used car retailer. It prides itself on offering consumers a wide selection of quality used cars, competitive prices, and excellent customer service. In 2000, CarMax began to offer its customers an online car auction platform. In 2005, CarMax launched its “Buy Online” service which allowed customers to purchase vehicles entirely online. Today, CarMax continues to offer innovative services that make it easier than ever for consumers to find the perfect car for them. The company also offers an extensive selection of certified pre-owned vehicles as well as traditional used cars in order to meet all of the customer’s needs.

A major distinction between CarMax auctions and other auctions is that all the vehicles they auction are owned by CarMax. This has a few benefits: First, there’s no doubt or uncertainty during the bidding process. Second, you can have more faith in the fact that if CarMax was willing to buy the vehicle, it probably won’t be a total dud. To provide even more assurance, CarMax offers an arbitration system if there’s a major issue with the car that wasn’t uncovered prior to the auction.

Here are some tips for car buyers on CarMax Auction:
  1. Research the vehicle you are interested in to understand the approximate value and any associated risks.
  2. Set a budget and stick to it.
  3. Check for applicable warranties and other buyer protection programs that may be offered by CarMax Auctions.
  4. Make sure to read the auction rules, including details about payment, delivery, and return policies.
  5. Inspect the vehicle thoroughly before committing to a purchase or bidding on an item.