British Car Auctions Price Increases

Honest John Back Room » Motoring discussion
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Thu 9 Jan 2014 15:06
British Car Auctions Price Increases - Alancee

I am a small car dealer, and intended to buy some cars at BCA Blackbushe

Over a 2 day period the cars I had saved to bid on have risen by around 12%

On asking why the young lady I spoke to put me on hold for a few minutes then told that the spec of the car had been updated, I pointed out that the published spec was exactly the same, she put me on hold again for a longer period of time, and came back with a different answer, this time the Cap Guide had gone up for this particular car between December & January or 2 days this week.

[U]Here is the original price:[/U]

Price Miles Size CAP

- New: £ 12,857

Ret £ 6,175

- - - - Cln £ 4,425

- - - - [B]Avg £ 4,025[/B]

- - - - Blw £ 3,625

Lot Detail Blackbushe, 10 January 2014

And here is the new price:

New: £ 14,852 New: £ 13,797

Ret £ 6,895 Ret £ 5,845

- - - - Cln £ 4,975

- - - - [B]Avg £ 4,550[/B]

- - - - Blw £ 4,075

An increase of £525

Cap price today 09/01/2014

Average dealer retail £5,975 - £6,525

Private sale price £5,275 - £5,650

Trade in clean £4,000 - £4,275

Trade in [B]average £3,650 - £3,900[/B]

Trade in below £3,300 - £3,525

This happened on the cars by the BMW Group but not with cars from other dealers that I was watching.

Not illegal but not very ethical, but it is BCA and now they are owned By Vulture Capitalist, things will only get worse, as they strip the firm in preparation to dumping it, I wonder if they will try to float?

BCA have recently purchased webuyanycar.com

I will monitor this situation over the coming weeks and post the results.

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Thu 9 Jan 2014 16:16
British Car Auctions Price Increases - RT

Isn't used car pricing all down to "supply & demand" and "market forces" - it's certainly not the remit of any single organisation to set prices as Resale Price Maintenance and Cartels are both illegal.

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Thu 9 Jan 2014 16:47
British Car Auctions Price Increases - Marklew

Having to purchase a new car due to a write off after 9 months. I can confirm prices have gone up. The exact same car with same milage and age I purchased 8/9 months ago has gone up approx £1k. C Class 10 plate blue eff Executive SE

I assume the more economical cars and second hand market is picking up due to us still being in 'hard times'. May not be the same for the bigger engine cars, but as above down to supply and demand ultimately.

Regards

Mark

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Thu 9 Jan 2014 16:53
British Car Auctions Price Increases - oldroverboy.

Maybe not the answer you were expecting, but BCA charges are separate from selling guide prices, And on the day, if you get them for your target price all will be well, but maybe someone will want them more than you!

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Thu 9 Jan 2014 20:17
British Car Auctions Price Increases - bananastand

Sorry what's gone up here, BCA's charges?

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Fri 10 Jan 2014 00:28
British Car Auctions Price Increases - daveyK_UK

I thought it was widely known the BCA buyer and seller fees plus complusary add on's had made buying a car for anyone other than the major buying groups expensive?

Generally, what you save from the risk of buying at auction, you spend on fees back to the auction house.

you take the risk with no benefit!

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