Progressive Auto :: Auto Auctions, Online Auto Auctions

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You have 3 bussnes days to make a payment.
Please, pay on time. Otherwise, you will be charged a $50 late fee.
Remember, Storage begins 5 days after auction date. Storage is $20 per day.

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Security Deposit Calculator

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Should a buyer wish to increase their bidding limit, an additional security deposit must be supplied in the amount of 10% of your desired bidding limit.

EACH vehicle requires a deposit. That deposit regulates your bidding amount. A $400 deposit gives you a $4000 bidding limit. Limits above $4000 require 10% additional deposit. A deposit of $400 can purchase 1 vehicle. A deposit of $800 can purchase 1 vehicle up to $8000 or 2 vehicles at $3000 and $5000 each for a total value of $8000, etc. If youre interested in more than one vehicle, you MUST request an increase to the number of vehicles you wish to purchase and place a deposit accordingly

With this many cars and trucks on the roads today, the salvage/repairable vehicle market has been booming, wrecked cars and trucks, insurance salvaged autos, and abandoned or repossessed vehicles are becoming big business. The parts and supplies off of a salvaged vehicle are in high demand and yet, can be difficult to find. Automotix offers an auto salvage/repairable marketplace for you to sell, buy and locate damaged cars or trucks for your needs. Whether you have a salvage car to part out or sell as a whole repairable vehicle, or own a car/truck salvage business, the market place for salvaged/rebuildable vehicles here at Automotix is a great clearinghouse for salvaged vehicles, salvage parts and supplies, or to locate that hard-to-find repairable vehicle or engine repair part.

Used Auto Parts

In today's budget conscious world, we have to save money where we can, and you can save hundreds and possibly even thousands of dollars by purchasing used parts to repair your car or truck. Here at Automotix, we offer you a chance to save money along with the safety of purchasing used parts that have been certified. This means that these parts are guaranteed. Whether you're looking for used engines, used transmissions, used body parts, used bumpers, used headlights or electrical components, you can save by purchasing certified used parts to repair your truck or car. The best part about purchasing used parts and supplies is that they're always OEM replacement parts, so you've purchased OEM repair parts at a fraction of the cost of new OE dealer parts by using Automotix' used parts services.

The Company maintains a database of thousands of registered buyers of salvage vehicles in the vehicle dismantling, rebuilding, repair, resale and exporting businesses. Its database includes each buyer's vehicle preference and purchasing history. This data enables it to notify via e-mail prospective buyers worldwide of salvage vehicles available for bidding that match their vehicle preferences. Listings of salvage vehicles to be sold on a particular day and location are also made available on the Internet. The Company offers a flexible sales process designed to maximize the sale prices of the vehicles. It utilizes VB2, an auction-style sales methodology that it developed. VB2 opens its sales process to registered buyers worldwide who have Internet access.

If approved by shareholders, Johnson and Adair would each be granted stock options to purchase 2 million shares of the company's common stock at an exercise price equal to the closing price on the date of the special meeting, or any adjournment thereof, in lieu of cash and equity compensation other than a salary of $1 per year for a five-year period. Each option would become exercisable over five years, with 20 percent vesting one year from the date of grant, and the balance vesting monthly over the subsequent four years.

If shareholders approve the plan, Johnson and Adair will both give up their annual salary, currently $750,000 per year, as well as any cash bonuses for the next five years. They would not receive any additional stock options or other equity incentives during the five-year vesting term of the stock options.