Found a popular performance saloon - why is it at auction?

I've spotted a nearly new and popular performance saloon coming up at auction. It has low (warranted) mileage, and listed as Grade 1, with the V5 present. I'm interested in bidding, but curious as to how or why such a car would be sent to auction in the first place? And whether it's likely to be a bargain? Surely, it would find an eager buyer (trade or private) through more conventional routes? Is there a catch?

Asked on 6 August 2016 by martin tonbridge

Answered by Honest John
Could be. Might have had warranty problems, or been snatched back (check how many keys), or come to a premature end of an independent lease and the leasing company's policy is to put everything through auction.
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