Looking at the auction prices in HJ's report, there were clearly some bargains to be had.
One really jumped out at me though: Subaru Legacy 2.0RE Sport Tourer, 2005/55, 41k miles £4,500s.
£4500. That's almost bangernomics money!.
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Wouldn't you rather have that nice, sensible, 05 Ibiza that went for the same money?
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Anything heavy is barely making any money at auction, mostly as no one is buying anytign heavy at the moment.
At Bedford yesterday a 56 plate CLS63 AMG went for £30k, that's about £20k below trade book and more depreciation in two years than my house cost to buy!
eight year old 1.2 Corsa saxo etc are making anything up to £2k as they're the only thing moving from second hand car lots.
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Wouldn't you rather have that nice sensible 05 Ibiza that went for the same money?
Er, no...
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On the Subaru website, they're asking for 10-13 grand for a similar car.
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August, of course. Things are always cheap at auction during August - Christies, Sotheby's, Bonhams etc. too (that's why they don't generally have sales during August; no doubt car auctions don't have the same possibility to defer sales into September).
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