In a bidding war for valuable vehicles, one of the biggest obstacles to the sale of car parts is the price of parts.
The United States has the highest price for parts in the world, with a whopping $3.2 trillion worth of vehicle parts being sold each year, according to the National Auto Dealers Association.
The U.S. government has said it will only consider sales in the U.N.-sanctioned World Trade Organization (WTO) to keep the price down, but many car parts makers are wary of selling parts to the United States.
Carmakers, including General Motors, Ford and Chrysler, have faced pressure from anti-trust regulators to reduce the prices of parts to lower their costs.
But it is not only the prices that the U:S.
car industry is trying to prevent from falling, according the Associated Press.
The auto auction in New York City is expected to close this week, and there are fears that prices will rise as more dealerships in the city sell to the public.
The AP reported that the auction is expected, but “not guaranteed to open as planned.”
The auction will take place at a new complex in Manhattan, located just outside the city, which will house two auctions, one on Monday and one on Tuesday.
One of the largest auto auctions in the history of the world is expected on Monday, where buyers can bid on nearly 2,000 vehicles from more than 100 car brands.
More: The auction is set to include luxury and sports cars, as well as luxury and exotic cars.
It is not known whether there will be a lottery for those vehicles.
Auctioneer Joe D’Auria, who is also a member of the National Automobile Dealers Assn., said he is working to get the U S. government to drop its demand on parts, as the U is the only country in the industrialized world that does not require manufacturers to pay taxes on the parts they use.
“This is a huge incentive for us to make our products and services more cost-competitive,” he told the AP.
“This will also help keep prices down and ensure that we’re able to continue investing in the United State to help the economy.”
“I’m sure this will be seen as an attack on our manufacturing base,” he said.
It is not the first time that a global car auction has been held in the New York metropolitan area.
The auction for a Volkswagen Beetle in 2007 was canceled after some members of Congress raised concerns about the tax break the company received.
The auction was later re-hosted in New Jersey.
In the latest auction, carmaker Chrysler is bidding for a used Mercedes-Benz GLC-Class, which was purchased in 2009 by an unnamed buyer.
If the buyer is not willing to pay the full $8 million asking price, the buyer can choose to pay $6 million instead, the AP reported.