Glossary

Auction glossary

Key terms used across the marketplace.

  • Blind bid — a sealed bid no one else can see.
  • Minimum bid — the lowest accepted amount on a lot.
  • Lot — a single vehicle up for auction.
  • Live / Upcoming / Ended — the auction state.
  • Assigned agent — your named contact for a lot.
  • Inspection score — condition percentage from the report.
  • Title status — clean, salvage, rebuilt, or unknown.