Written by 9:17 am Auction Guides

Auction Terms You Must Know Before You Start Bidding

If you’re planning to import a car from Japan through an auction, the first thing you need is clarity. Japanese car auctions are fast-paced and full of abbreviations, grades, and symbols that can confuse beginners—and even cost you money if misunderstood.

To help you get started with confidence, here are the essential auction terms you must know before placing your first bid.


📋 1. Auction Sheet (Inspection Sheet)

A document that gives a full overview of the car’s condition.

It includes:

  • Vehicle grade

  • Interior and exterior condition

  • Mileage (odometer reading)

  • Accident or repair history

  • Notes from the inspector

Always review this sheet before bidding!


🏅 2. Auction Grade

The overall quality rating of the car based on condition.

GradeMeaning
5Like new condition (rare)
4.5Excellent condition
4Very good, minor wear
3.5Average condition
3Some noticeable damage
2Poor condition
1Heavily modified or damaged
R (RA)Accident repaired
AAftermarket parts (modified)

👉 A 4 or higher is usually safe for importers.


🎯 3. Start Price / Starting Bid

The minimum price at which the auction will start.
This is not always the reserve price and can be lower than what the seller wants.


🛑 4. Reserve Price

The lowest price the seller is willing to accept.
If bidding doesn’t reach this, the car may not be sold—even if there are bids.


5. Proxy Bidding

Also called automatic bidding, this allows you to set your maximum price, and the system will bid for you incrementally.
Ideal for beginners or people in different time zones.


📍 6. Chassis Number / VIN

The unique vehicle identification number used to verify the car’s history and match it with export documents.
Always cross-check this with:

  • Auction sheet

  • Export certificate

  • Vehicle photos


🚘 7. Mileage (走行距離 – Soukou Kyori)

Total kilometers driven, listed on the auction sheet.
Make sure it’s verified and not marked as “unverified” or “tampered.”


💥 8. Accident History (修復歴 – Shufukureki)

If a car has been in a serious accident and repaired, it’s marked as:

  • R or RA: Repaired accident car

  • A1, A2, etc. on the diagram for scratches/damage

You can still buy these, but know the risks and resale impact.


🧩 9. Condition Markings on Diagrams

Auction sheets have car diagrams with codes like:

CodeMeaning
A1Small scratch
A3Large scratch
U1Small dent
U3Large dent
Y1Small crack (glass)
W1Wave/uneven panel
XXReplaced part
XNeeds replacement

Learn these to understand where and how badly the car is damaged.


🚚 10. FOB Price (Free on Board)

The cost of the car including local Japanese charges, ready to be shipped.
It does not include shipping, import duties, or customs fees in your country.


💡 Bonus: Other Useful Terms

  • Inspection Date – When the vehicle was last checked by auction staff

  • Grade A/B/C (Interior) – Interior quality (A = Excellent, C = Worn)

  • Unsold / Passed – Car didn’t meet the reserve price

  • Export Certificate – Needed for international shipping & import clearance


✅ Final Thoughts

Understanding auction terms is the first step toward smart bidding. These words and codes may seem confusing at first, but once you learn them, you’ll be able to:

  • Read auction sheets like a pro

  • Spot red flags before bidding

  • Make better purchase decisions

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