As of 8/27/2020, ALL Auction sales/transfers must be made using eMV-50s
- Selling Dealer selects the Auction House in VERIFI (Auction Houses must sign a VERIFI agreement with Vanguard and request user accounts before they are listed in VERIFI)
- Selling Dealer assigns the VIN for sale to Auction House in VERIFI
- Auction House facilitates the sale of the VIN
- Auction House completes the eMV-50
- Auction House updates Purchaser information in VERIFI
- Auction House submits the Transfer information on behalf of the Selling Dealer in VERIFI
- VIN is moved to Sold Inventory for Selling Dealer in the VERIFI Book of Registry and $6.93 ($5 eMV-50 and $1.93 VERIFI Transaction fee) is charged to the Selling Dealer
- VIN is moved to Available Inventory for Purchasing Dealer in the VERIFI Book of Registry
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