Car Auctions | Thread profile

Went to a car auction this morning to look for something for the mrs. The price of the small little cars with little engines were going well over the odds! A W reg Alfa Romeo 2.0 twinspark MINT condition went for £650 just because of how big the engine was, i was gonna put a last minute bid in but the mrs said how much would it cost to run lol and i thought yeah shes right Y reg ...

Yep, the car market is also fukced. Auctions used to be mainly for trade but many 'different' kinds of people have turned up and drove the prices up through the roof. Only on easily selling cars too. Puntos, fiestas and corsas etc will sell all day. Buy something a bit more obscure and you can get a bargain.

Im gonna be going back in a few weeks to see if i can pick up a bargain like a Alfa, not even to keep just valet it and see how much profit i can make from it (in reply to Red Man )

quote: ORIGINAL: Red Man Yep, the car market is also fukced. Auctions used to be mainly for trade but many 'different' kinds of people have turned up and drove the prices up through the roof. Only on easily selling cars too. Puntos, fiestas and corsas etc will sell all day. Buy something a bit more obscure and you can get a bargain. What do you mean by this? I dont ...

car auctions are being flooded with wannabe traders who do it on the side , and they all fight over anything with potential, driving prices up, thats just my observation from attending over the years anyway (in reply to Ouch )

I put that so no one got all racist on me which seems like its about to happen anyway. I mean, different races, different cultures and different work ethics of people. Many gypsys, many scallys on the dole/sick, multi cultures and many people who dont have a clue about cars. Most of these do not understand the true vale of cars at an auction and pay not that far of forecourt prices for a car ...

ah ok cool, now i understand (in reply to Carl_T )

i worked for a BIG car leasing company a few years ago and i used to go to the large BCA auctions once or twice a week and sell off 100-200 cars a session. I used to stand next to the auctioneer on the podium and decide wether to let each car go for the price it was up to etc. Trust me, If you go there to buy and you are just an average punter and not a 'known' trader you WILL get the piss ...

quote: ORIGINAL: Ninja Trust me, If you go there to buy and you are just an average punter and not a 'known' trader you WILL get the piss taken out of you by the auctioneer with regards to the price. He will "take bids off the wall" against you until he has bled you dry and then sell it to you while all the regulars stand there sniggering. yeah. I can never quite work out why ...

The problem is, that most big fleet/leasing sellers (who make up 80% of the trade for auction groups) will use the auctions that give them the best prices week in week out. Simple as that. If one auction group fleeces more punters for higher prices than another one, then they will get most of the business. I also used to sell directly to used car traders and you are quite right, a lot ...