Best auction price predictor

Honest John Back Room » Motoring discussion
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Tue 9 Mar 2004 11:05
Best auction price predictor - Solunauk
Having recently started attending auctions, I wonder what seasoned campaigners reckon is the best predictor of hammer price?

I don't have access to the printed Glass's Guide, but there is a free valuation utility on TheAA.co.uk which gives figures for dealer retail, trade-in excellent, average and poor, all adjusted for mileage. Then there is of course the venerable Parkers. From my casual observations so far, I have seen a few cars go for more than Glass's trade-in excellent, which seems a bit surprising. Most seem to go for a figure somewhere between excellent and average, for a vehicle in decent condition for its age. I know Parkers says in the front that their trade figure is a good indication of auction price, but what do you think?

Incidentally, I saw several Punto Actives, ex-hire, six months to one year old, going for £5000 at auction, which is not much less than you can get a brand new one for, according to another thread here, and they weren't going to private buyers as far as I could tell. Have certain traders taken leave of their senses?
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Tue 9 Mar 2004 21:58
Best auction price predictor - Ian D
Parkers trade price seems reasonably good, however the auction price can be +/- 10% of Parkers trade depending upon local supply/demand, reserves, who's at the auction/condition etc. Make sure you correct for mileage though.
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