Unclaimed and Abandoned Vehicle Auctions Arkadelphia AR
North Little Rock, AR
Unclaimed and Abandoned Vehicle Auctions
Special weekly or monthly car auctions are held in larger cites across the U.S. to sell vehicles that have been left on the side of streets or in parking lots and abandoned by owners. These unclaimed vehicles are regularly sold by municipalities at public auctions.
In some cases, the sales are held by towing companies who are authorized to pick up and sell the vehicles at auction. Sales revenue is often shared with the local government.
Although many of the vehicles have been abandoned because they have broken down and no longer run, some can be restored to good operating condition at minimum cost and effort. However, other vehicles, some in excellent condition, have been left unclaimed for reasons we can only imagine. Was the owner a spy who had to leave the country quickly? Was it someone who passed away unexpectedly and had no heirs? Or was it a case of terrible forgetfulness?
The city or towing service does everything it can do to try to locate the owner of these vehicles, but after a period of time will give up and place the vehicles on the auction block. In some cities, the cars must be listed in a public media such as a newspaper for a specific time before it can be declared as unclaimed. Here is an example of the process for a Washington county:
10.72.080 Unclaimed vehicle--Sale--Disposition of proceeds.
If, after the expiration of fifteen days from the date of mailing of notice to the registered and legal owner, the vehicle or automob...