In automobile auctions, what does a YELLOW light indicate?

In automobile auctions, a YELLOW light signifies specific conditions regarding the vehicle's condition, particularly indicating that the vehicle has over 100,000 miles or that there are announced defects. This warning serves to prepare potential buyers for the possibility of higher wear and tear or mechanical issues that may not be apparent at a glance. By highlighting these factors, the YELLOW light fosters transparency and helps bidders make informed decisions about the potential risks of purchasing the vehicle.

The other options do not accurately reflect what a YELLOW light indicates. Vehicles being newly listed, meeting inspection standards, or being sold under market value do not correspond with the alert provided by a YELLOW light, which is specifically tied to mileage and defect announcements.