HELP & ADVICE - AUCTION DICTIONARY WHY AUCTION? TYPES OF AUCTION SELLING GUIDE BUYING GUIDE VEHICLE GRADING DIGITAL AUCTION FAQS AUCTION DICTIONARY MERCEDES GRADING VAT CLAIM FOR EXPORT We understand that auctions can come across as daunting for those that have never attended or had much to do with the Motor Industry so we have put together a Dictionary of the most frequent terms which you are likely to hear around a car auction, on our website and as Vehicle Option Abbreviations of our Sale Catalogues. * A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A/TRAY Ash Tray AB LIVE An App available for download from the Apple App Store or Google Play for use on smart phones and tablets that allows for remote bidding via Aston Barclay LIVE (Available exclusively to the Trade). ABS Anti-lock Braking System AC Vehicle has Air Conditioning AFV Alternative Fuel Vehicles - Vehicles powered by fuels other than traditional petrol and diesel engines. Can include electric, hydrogen or hybrid ALARM Vehicle fitted with an alarm Aston Barclay Assured A warranty style product offered on certain vehicles offered for sale in auction. For a full description, please visit the Aston Barclay Assured page Auction The process by which items are sold to the highest bidder within a competitive environment. Auctioneer The person responsible for controlling the auction Autotrade-Mail A trade only stock sourcing product provided by Autotrader AW Vehicle has Alloy Wheels BEN The Automotive Benevolent Fund. A charity which helps people within the motor industry Bid An increment of money offered by a bidder on a particular lot Bid Now An online service allowing buyers to place offers on vehicles outside of a physical sale (Exclusively for the Trade). Bidder A person or company competing to purchase a particular lot by placing bids Bidding Number A unique number assigned to a bidder in some types of auction BK Vehicles has a Body Kit Buy Now A fixed price stock locater available to buyers allowing them to source stock outside of physical auction for a fixed price (Exclusively for the trade). Buyers Fee An amount of money added to the sale price of any lot sold at auction - sometimes called Commission BVRLA British Vehicle Rental and Leasing Association. The trade body for companies and organisations engaged in the leasing and/or rental of vehicles C/CAPS Vehicle has Centre Caps CAP A trade only guide price and market insight provider Cashier A member of the auction staff responsible for taking payment from buyers and releasing Vehicle Documents and Pass Outs Catalogue A list of the lots for sale in any given auction CDMUL Vehicles has a CD Multi-changer Centre For A Day A sale dedicated to one particular seller, usually taking place at a time when no other sales are schedules and outside of a standard sales programme CIG LIG Vehicle has a Cigarette Lighter CL Vehicle has Central Locking CLIMATE Vehicle has Climate Control Closed Auction A sale only available to invited buyers COM Vehicle has a Compressor Commercial Vehicle Any item at auction that is primarily used for a business nature. Can include vans, trucks, tractors and plant Commission See Buyers Fee Company Fleet A group of vehicles used for the needs of a business or organisations and usually leasing from a leasing company Contract Hire A form of long term leasing agreement offered by Leasing and Finance Conpanies Cover Note A certificate of motor insurance provided as a temporary measure until full certification arrives CRUISE Vehicle has Cruise Control Date of Reg (Date of First Registration) The time at which a vehicles was assigned it's Registration Number Dealer Group A chain of car dealerships operating under a manufacturer franchise or franchises or independently from more than one geographic location. A type of seller and buyer at auction Dealership A single location or branch within a Dealer Group. or an Independent Car Dealer Deposit The amount of money that must be lodged with the auction in order to bid in any given sale, or to secure a bid on any given vehilcle Dutch Auction A variant of the English Auction system where the Auctioneer begins with a high asking price which is then lowered until a bidder accepts DVD Vehicle has a DVD Player DVDHP Vehicles has a DVD Player with Headphones DVDREM Vehicle has a DVD Player with a Remote Control DVLA The Driver and Vehicle Licensing Agency, an Executive Office of the Department For Transport (DfT) EFW Vehicle has Electric Front Windows ELEC SEATS Vehicle has Electric Seats English Auction The most widely used and recognisable system of auctioneering whereby the sale of an item is determined by an increase in the value of bids until a final (highest) bid and bidder remain. Entry Details information shown on the Windscreen Entry Form describing the vehicle such as the current Odometer Reading, Service history, MOT and other information of interest to buyers Entry Fee The cost to enter a vehicle for sale into any given auction ERW Vehicle has Electric Rear Windows F/AID KIT Vehicle has a First Aid Kit Fee Any charge added to the cost of selling or buying a vehicle at auction Finance House A company that leases vehicles to businesses, organisations or private individuals. A type of seller at auction FL Vehicle has Fog Lights Fleet Sale(s) A auction dedicated to, or with the primary purpose of, remarketing vehicles previously owned or managed by a Company or Organisation. Fleet Vehicle A car or van which has previously been leased by a company or organisation Former Keepers The number of persons, organisations or companies which have previously been recorded as keeping any given vehicle Fresh Entry Vehicle or vehicles due to be offered for sale for the first time Gavel The official name for an auctioneers hammer GLASS R Vehicle has a Glass Roof Hall The area in which the auction takes place. There can be multiple halls situated within a auction centre Hammer Price The value at which a lot is sold. The value is set once the auctioneer declares the lot as sold and brings down the gavel Hpi An independent company providing vehicle history data HR Vehicle has Head Rests HS Vehicle has Heated Seats HW Vehicle has a Heated Windscreen IMS An cloud based reporting and stock management tool allowing Aston Barclay customers to view purchases and monitor sale performance Inspection Report A document created by an inspector, engineer or auction employee highlighting any damager or issues with a vehicle Key Room The office within the auction site where vehicle keys are kept secure and released to a buyer upon presentation of a valid Pass Out Leasing Company An organisation with leases vehicles to businesses or organisations to form their fleet. A type of seller at auction LEATH Vehicle has a Leather interior LIVE An on-line auction available to Aston Barclay customers (exclusively for the trade) Log Book A common name for a vehicles Vehicle Registration Document or V5C Lot Any item for sale within any given auction Lot Number The unique number assigned to any given lot LWN Vehicle has Locking Wheel Nuts LWN K Vehicle has the Locking Wheel Nut Key Main Agent The authorised seller and servie centre or a particular type, or types, or vehicle within a given geographic location. May also be used in reference to a vehicles Service History which may include a Main Agent stamp. Manufacturer The maker of a type of vehicle. A type of seller at auction Margin The difference between costs and outlay to acquire a vehicles and the total subsequent sale price MATS Vehicle has Footwell Mats Mileage The current total miles travelled by any particular vehicle as shown on the Odometer MOT A certificate confirming that at the time of the last test, a vehicle met the minimum statutory standards for safety. NAMA National Association of Motor Auctions NextGear Capital A company providing stock funding solutions to the motor traders No SB Vehicle does not have a Service Book Non-Runner Used to describe a vehicle whose engine will not start Odometer A device which records the current total miles travelled by a vehicles and then displays this record Open Auction A sale where anybody is free to attend and bid PAN R Vehicle has a Panoramic Roof Part X Vehicles offered at auction that have been traded to a Delaership in return for a new vehicle PAS Vehicle has Power Assisted Steering Pass Out A form given to the buyer of a vehicles indicating that the sale in complete and allowing the buyer to remove the vehicles from the auction premises PKIT Vehicle has a Phone Kit Plant A term used to describe any items which do not fall into general sale categories. Mainly used to describe agricultural machinery, industrial items or non-road vehicles Plate Term used to refer to a vehicles Registration Number Plus VAT You will only pay VAT on top if you are buying a commercial vehicle like a van that has commercial VAT to be added. You wont be able to reclaim this and it will be on top of the hammer price. Private Buyer The term used to describe a member of the public purchasing a vehicles for their own use Provisional Bid The process whereby the auction will contact the seller and offer them the highest bid achieved during the sale if this bid has not met or exceeded the Reserve Price Proxy Bid A service prodided via Aston Barclay LIVE allowing trade buyers to leave their highest bid and allow the system to place these bids on their behalf PS Vehicle has Parking Sensors RC Vehicle has a Radio/Cassette RCCD Vehicle has a Radio/Cassette/CD RCD Vehicle has a Radio/CD Registration Number The unique code assigned to each vehicle by the DVLA and used to indentify it Remarketing The industry term used to describe the sale of vehicles at auction and the various associated services Reserve The minimum sale value set by the seller on any and all vehicles. RMI The Retail Motor Industry, an organisation representing all areas of the motor trade Road Tax The statutory amount payable on all vehicles in order to drive them on UK roads, sometimes referred to as RFL Rostrum The stage or podium from where the auction in controlled Rostrum Clerk An assistant to the Auctioneer who acts as customer liaison during the auction RR Vehicle has Roof Rails Sale The time during which an auction takes place SEE COM See Comments on this particular vehicle for more details SNAV Vehicle has SatNAv fitted SNAVCD Vehicle comes with a SatNav CD SNAVREM Vehicle has a Remote Control for the SatNav system SNAVSD Vehicles come with an SD memory card for the SatNav Sold As Seen The process by which lots are offered for sale without guarantee or warranty SPOIL Vehicle has a spoiler SUEDE Vehicle has suede interior SUN R Vehicle has a sun roof TB Vehicle has a Tow Bar Timed Auction An online auction modelled on consumer website where lots are offered for sale within a set period of time Exclusively for the Trade). TOMTOM Vehicle has TomTom SatNav system TOOLS Vehicle has a Tool Kit Trade Buyers or sellers operating within the Automotive Industry for commercial gain TV Vehicle has a Television Unsold A vehicle that has been entered for sale but has not been bought either due to lack of interest from buyers, the final bid not meeting or exceeding the reserve price, or the seller rejecting a Provisional Bid V5C Also known as the Log Book. Shows the present Registered Keepers details and is used to inform the DVLA of any change in ownership VAT Marginal A car sold at auction with the statement VAT Margin has no VAT added to the hammer price. The hammer price is the price you pay for that car. VAT Qualifying A car sold at auction with the statement VAT Qualifying has no VAT added to the hammer price. However it will have the VAT element stated on the invoice but this cant be reclaimed by a private buyer. Vehicle Alerts A system of email notifications allowing buyers to be notified when a vehicle matching their criteria becomes allocated for sale Vehicle Documnets The collective term used to describe all legal and additional paperwork relating to a vehicle Vehicle Logistics The process and system of arranging vehicles for collection and delivery to and from the auction centre Vendor A term used to describe a seller of vehicles VOSA Vehicle & Operator Services Agency VRA Vehicle Remarketing Association W/TRI Vehicle has a Warning Triangle Warr Abbreviation of Warranted, used on our online catalogues to identify the warranted status of mileage on vehicles offered for sale. Warranted Mileage Used to inform when a seller has confirmed that the current odometer reading is correct and accurate Watchlist A system allowing buyers to place multiple types of vehicle into a bespoke list with the My Account area to create tailored sale catalogues and stock lists Windscreen Entry Form A document attached to the inside of a vehicle showing the vehicles Entry Details Registered Address Units 1 & 2 Harvard Way Normanton Industrial Estate Normanton West Yorkshire WF6 1FL © 2021 Aston Barclay Ltd. All rights reserved. Vehicles Auction Schedule Centres Services Help News Recruitment Press Enquiries Terms & Conditions Privacy Policy Sitemap Home