Auction report - Perth, Australia

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Wed 18 Feb 2004 09:52
Auction report - Perth, Australia - expat
I thought you backroomers might be interested in Australian auction prices. This morning I attended a fleet auction of ex Government vehicles with a few private ones tacked on the end. Examples of prices were:
Oct 01 Toyota Camry Conquest, 21,766 kilometres, 3.0lt, 1.8lt, auto, air, silver AU$19,000
Dec 00 Toyota Corolla Ascent saloon, 54481 kilometres,1.8, white, auto, air AU$16,000
Sept 02 Holden Commodore Executive VY saloon, 3.8 V6, 65,000 kilometres, mica, auto, air, ABS AU$21,500
Jan 01 Landrover Discovery, auto turbo 2.5, 74,000 kilometres, air AU$33,000 (that surprised me)
My son bought a Oct 01 Holden Commodore, 3.8, auto, air, abs, white, 28,000 kilometres for AU$20,250

All these cars had books and guaranteed clear title. Amongst the roughies at the end was a private vendor Volvo 850 station wagon, auto 133,599 kilometres. It got $15,000. That is about right for here but very different from the UK.
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Wed 18 Feb 2004 10:02
Auction report - Perth, Australia - Mark (RLBS)
For the interested;

AU$1.00 = UK£0.42
UK£1.00 = AU$2.38

At least, according to the FT that is.
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Wed 18 Feb 2004 11:07
Auction report - Perth, Australia - Stargazer {P}
Before the UK readers wonder at the seemingly high auction prices...second hand cars realise much higher percentages of new price in Oz compared to the UK. A typical 3 year old car might get 60-70% of its list price in a private sale.

I sold my Subaru Outback (list 42k in Nov 1998) and sold it for 27k in sept 2001 with 30k kms.

Even the much older cars keep their value.

regards

Ian L.
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Wed 18 Feb 2004 11:36
Auction report - Perth, Australia - expat
People keep their cars much longer here than they do in the UK. Ten years or 160,000 kilometres is quite usual. Most people don't judge other people's status by the brand of their vehicle or by how new it is. The average car in the street is a good bit older than in the UK. I keep my cars till the wheels drop off. I have a 1999 Ford Laser (rebadged Mazda 323) and a 1978 Holden Kingswood. I got the Kingswood at a fleet auction in 1980 and it hasn't needed any major repairs so I have kept it. It get used everyday. Even by Australian standards that is getting a bit old.

Insurance is cheaper also. Vehicle registration includes 3rd party personal insurance and I pay about AU$450 per year for each vehicle. Fully comp insurance on the Laser is $600 per year with full no claims bonus and two students as named drivers. 20 and 22 years old.
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