Last week, a trader I know bid £8,225 (£25 over Glass’s Guide retail) for a 99V Golf 1.6SE with book mileage, and needing a bit of work on the paint, only to see it go to another trader for £8,250. Yet the same week another trader bought a lower mileage 99V Golf 1.6SE (but in white) at the same auction for just £6,600. Okay, the first thing I did was put the two guys together. But the explanation is that some VW franchises have more customers than stock and will pay over retail to buy a car for a punter who’s ready and waiting.
Today I’m happy to report that, though prices are generally up due to dealers buying early for the new year, there were some reasonably cheap cars.
The first I saw was a 94,000 mile 98R BMW 318Ti Compact in a sort of Azalea lipstick-red metallic with alloys and eight BMW stamps in the service book. It had a bullet holes in the screen and a headlight, but £4,900 wasn’t too much. A 95N W124 Merc E220 auto coupe with 64k on the clock booked at £7,850 and sold for £6,750, which was on the dear side of about right. A top bid of £1,875 secured an 80k mile Vectra 2.0DI LX provisionally. Top bid for a Northern Irish registered April 2000 BMW 540i Sport with 38k was £2k under trade book at £17,250. A 12k mile 2001X facelift Corolla 1.4 5-door sold for a sensible £4,500. A 12k mile 02 reg Mercedes E200 Kompressor Classic with the run-out ‘enhanced spec’ alloys sold for £16,200. A 57k mile 98S Hyundai Sonata 2.0CDX made £2,150. And a 150k mile 90G Carlton 2.0CDI auto estate went for £160. So there was something for everyone.
Among the not so cheaps, the Wedgwood blue 45k mile Longbridge built 2001Y Rover 75 Classic SE in the photo sold for £9,725 despite having taken a bash at the front. A 53k mile 2000X Mitsubishi Lancer 1.6 estate should have been cheap because it stank of spilt milk inside and they were only £8,500 new, but it made £3,700. A 98k mile 96P BMW 318i Convertible sold for a soft-topped £8,025. A 29k mile 99V Mercedes A160 Avant Garde steptronic made all the money at £7,675. I thought a 74k mile 95M Nissan Serena 2.3D SLX was seriously dear at £3,675. And, as predicted in my last report, even Mondeos were up a bit, confirmed by a 55k mile 98S 1.6LX which sold for £2,700.
Finance sales seem to be providing the richest pickings. The cars may not have V5s and you do take a small risk on the mileage, but they generally check out and make sound private buys.
Next finance sale at Blackbushe: Friday 22nd.
For information of upcoming BCA auctions, visit www.bca-auctions.co.uk Full list of auction centres throughout the country at www.honestjohn.co.uk (go back to the home-page and click on auction directory).