Hi:

We have one in the city I am in and one in the next city to us.

I'm not familiar with the one in the next city but I do you know they charge considerably more, but it is a bigger city (4 times larger) and land costs and rentals are higher priced.

The one here charges $75 per week or 10% of selling price.

There are considerable costs involved in this type of operation ie: lot rental or land costs, liability insurance, local licensing fees, depending on your area you may also need a security patrol, liability waiver forms, and in some locations a dealers license may even be necessary.

Another aspect is to have a local auto auction...you set it up and hire an auctioneer...there is more money to be made in this, but expenses are a little heavier, and it requires more work in setting it up.

Cornell