How Seasonal Trends Impact Storage Auction Competition

As a storage auction platform, Lockerfox can point you to an extensive inventory of in-person and online storage auctions. But it is still up to you to make the most of each auction you participate in. And for that, you need to understand seasonal trends.

Auctioned storage units and their contents represent a good way to make money on items people have abandoned. You never quite know what you're going to get when you bid on a storage unit. But time and experience will teach you what clues to look for. It will also tell you about seasonal trends.

Storage Auctions in the Winter

Winter could be the best time for you to find great deals tucked away in storage units. Why? There tends to be less competition during the winter season. There are a couple of reasons for this.

Cold and wet weather usually keeps less committed buyers away from in-person auctions. There are fewer tire kickers hanging around and needlessly driving up bids. Winter auctions are some of the most sparsely populated of the year. Especially in the few weeks on either side of Christmas.

Online auctions usually garner more participation, but winter and the holiday season still tend to keep the tire kickers away. People are so wrapped up in other things that they aren't paying attention to online auctions as much.

Storage Auctions in the Spring

Storage auctions get busier at the start of spring. People are looking to get out and do things. As for the tire kickers, they are champing at the bit to get started on garage and yard sales. In the interim, in-person storage auctions will do. They will start showing up in larger numbers to get a look at abandoned storage units.

Storage Auctions in the Summer

Summer is usually the busiest time for both in-person and online storage auctions. The weather brings people out to auctions being held on-site. As for online bidders, they know the competition is fierce. They need to participate in as many online opportunities as they can because they know more competition means they are likely to win fewer bids.

Fall is the only season that seems to be tricky. In some locales, fall auctions do very well. In others, they are barely a blip on the radar. We would suggest digging around to see what you can turn up. You might find a good fall auction or two.

Other Things to Consider

Seasonal trends are one of the biggest factors in terms of storage auction competition. But there are other things to consider. If you spent a significant amount of time on our storage auction platform, you may already be aware of these things:

1. Local Economics – Local economic conditions can have an enormous impact on storage auctions. During economic downturns, more storage units are abandoned – but the competition also tends to heat up as well.

2. Timing – In terms of online auctions, timing is everything. Some online action platforms take steps to limit sniping, for example. Understanding how a platform's policies affect bidding could help you become a better bidder.

One of our goals is to help entrepreneurs looking to make money on abandoned storage units score big. Our online storage auction platform will keep you abreast of all the options you might be interested in.

We invite you to learn everything you can about buying abandoned storage units and selling their contents. As you learn and combine your knowledge with real-world experience, you will be a better bidder and seller. But be patient. Good things come to those who wait.