The USAA car auction is set to begin in July and will include the sale of some of the most popular USAA cars.
The auction is expected to bring in about $1 billion in proceeds.
The auction is scheduled to begin at the Detroit Auto Show in April and will be the largest auto auction in the United States.
The car buyers will pay the highest prices for the cars that are currently on the market.
USAA said the auction will include more than 1,400 cars.
“The USAA Car Auction will provide an unparalleled opportunity for the automotive industry to showcase its most desirable, most popular and most affordable cars in one location,” USAA president Joe Schaffer said in a statement.
“It will also provide a unique opportunity for USAA to showcase our members’ vehicles and demonstrate the value of our membership.”USAA currently has more than 400,000 members, and the car auction will bring in millions of dollars in sales, the company said.
USAGI, which represents about 7 million USAA members, also announced the car sales would start in January.
USGA, the car dealers association that represents USAA, said in its statement that the car auctions will be a great way to support the industry and the nation’s automakers.USAA is also making some changes to its membership program, including limiting the number of vehicles that can be sold to one-year exclusivity.
USAMA also announced it is limiting the price of USAA membership to $5,000 per year and is limiting vehicle sales to 100 a year.USAMA President James W. Davis said the car makers should consider offering a “one-time payment of $10,000 or more” to members to participate in the car-buying program.
The USAAA car auction starts in January, and it will continue until March 20.
The company is hoping to sell more than 10,000 vehicles at the auction, Davis said.USAAA and USAGIs car dealers will also be hosting car auctions in cities around the country.
USAC, the USAA association, has announced that it will also hold its own car auction at the end of the year.