Start learning About Auction Sheet

Things You Need to Consider before you start learning Auction Sheet

Wednesday, 13-September-2023

Things You Need to Consider before you start learning Auction Sheet

We will discuss what a Japanese auction sheet looks like, what grades and codes are displayed on the sheet, understanding the scores, and using that knowledge to make an educated decision on the vehicle you are going to buy in Bangladesh. During the testing/inspecting phase, the interior and exterior parts of the vehicle are graded based on a set of standards. Aside from the grades of the vehicle, the Japanese car auction sheet also displays the inspector’s explanation for the grades awarded to the vehicle, along with a grade for its overall condition. The basic information on Japanese auction sheets is not simple as it seems but it requires a minimum of understanding as auction sheet refers different types of marks, numbers and codes or abbreviations. Auction Sheet or Auction Inspection Sheet are made by professional inspectors and offer a good overview of the vehicle’s condition, history and basic information. There are some parts where you may found English but larger amounts of data are well written in Japanese. It is therefore hard to extract or translate relevant points from the positive and negative sections of the Japanese auction sheet. Thus we recommend our customers to give little bit of extra effort to understand an auction sheet.

Before start learning your auction sheet explanation, we would like to share our thoughts with you as you are planning to buy a Japanese Reconditioned Vehicle/Car in Bangladesh. It is completely based on our experiences, statistics and handling Japanese Reconditioned Vehicles around the year. So, consider the following statements carefully when you are trying understand a Japanese Auction Sheet.

There are multiple schools of thoughts regarding Auction Sheet decoding. Many experts have their own observations in it. You should take the logical and rational explanation as best observation.

All Japanese auction houses maintain a standard process while inspecting the vehicle used car but they present the data in auction sheet differently. You may experience multiple types of auction sheets from Japan Auction Houses.

There are 3 sources of buying Japanese Used Cars: Live Auction, Tender Auction & One Price market or from the dealer. Each one has their own way of expressing data of the used vehicle.

Japan exports Used Car only; it is we, in Bangladesh, do the reconditioning works and thus it called Japanese Reconditioned Vehicle. So, it may be new to you but practically it is a used car as someone in Japan has already used it and then sells it off.

A reconditioned car may be auctioned more than 1 time and as a result may have different auction grades and different mileages. Moreover, some auction houses are lenient while some are extremely rigid in nature. As a result, you may have seen different marking with inspection notes from one auction to another. Don’t get confused-you should consider the latest auction inspection result.

Vehicles from Tender Auction and One Price Market are not bad always. It is as usual like Live Auction. However, you should check the condition and mileage of the vehicle whenever you are ready to buy. Many Japanese businessmen buy from Tender Auction or One Price Market and then sell it in Live Auction.

All markings and notes are not as terrible as it explained in the auction sheet and it is also true that you may find something in the car noticeable when you see the car physically. Therefore we recommend you to check the car physically or take it to a vehicle diagnostic center for vehicle health check as last checking.

Use rational approach method when you assess an auction sheet as there is no such benchmark for auction grade and mileage. Buy the vehicle according to your budget.

Japanese Auction Sheet can be translated into English or Bangla through Google Translator or other similar application and you might take translation service to understand an auction sheet. Be very careful as some auction sheet is handwritten and can’t be translated very easily. Moreover it may sometimes give you wrong messages. So use rational approaches i.e., only consider key items for taking decision.

If you seller don’t supply the auction sheet try to get the Vehicle Chassis number at least so that you can get the auction sheet at least. Check or verify the provided auction sheet from online to confirm the authenticity of the auction sheet. You can use our Auction Sheet Verification Service through our website.

You can get online auction data from your dealer or seller of Japanese Reconditioned Vehicles through auction statistics. Moreover if you have the physical access of the vehicle, please check the frame number attached somewhere in door and engine hood of the vehicle.

Understanding the auction sheet mostly depend on understanding different types of marking and short abbreviations mostly used in auction sheet by the auction inspectors in Japan.

Check out our next article on understanding Japanese Auction Sheet and make quick and smart decision on your next purchase of Japanese Reconditioned Vehicle.