My car was repo'd and is set to be auctioned off, what happens if it does not sale?

Answer 1

It will sell, but it may sell for an extremely low amount of money. In this case, you will be responsible for the difference between what you owed on the car and what the bank gets for it at auction plus any additional fees and costs for the disposal. Either way the bank will get its money. Better hope it goes for a high price at auction.