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Lawrence has auto auction companies. These companies moderate auctions for classics, early or late model cars, trucks, SUVs, motorcycles, boats, snowmobiles, jet skis, recreational vehicles, and more. Nw cars may also be bought in some cases. An auction works by a system of bids, in which the highest bid wins, with the car going to that bidder. The bidder may be an individual, or finance companies, banks, dealers, fleets, rental car or insurance companies.