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Meltdown at Auction Today

Fri, 11 Jul 2008
With just one or two exceptions, everything was cheap as chips at auction today as fleets de-fleet in preparation for a worse than usual summer slump.

It’s so bad that if this were to continue, no one will be able to afford to buy, or make, any cars at all.

Already we are seeing discounts of £6,500 on a £20,000 new car. But if that same car is worth only £4,000 after two years on the road, no one will be able to afford to buy it at a price the manufacturer can afford to make it.

Today I concentrated on Lex and Motability. Lex seemed prepared to take a bid on almost everything. Motability was more cautious. And with the public in attendance, there were some wide gaps in the bidding. Just £4,100 for a 19k mile 05 Modus 1.6 auto, yet a comparatively huge £5,550 for a rare 12k mile 05 1.3 Yaris auto.

Over in the Lex sale, spectacular bargains included a 52k mile 05 Mitsubishi Lancer 1.6 auto station wagon sold for £3,000, a 30k mile 05 Porsche Boxster 987 2.7 Tiptronic S, gone for £17,700, a 35k mile Audi A6 3.0TDI V6 quattro Avant auto, knocked down at £16,000, a 6k mile 2007/57 Honda Civic Type R with a/c for £11,800, a 42k mile 2005/55 Mercedes C220CDI AvantGarde auto for £9,900, a 62k mile 07 Peugeot 407 2.0HDI 136 SW for £4,900.

There is some speculation that after this months defleeting there won’t be so many cars looking for buyers so prices could go up in August. But if no one has any money to buy them, will they?

In the meantime, cars are so cheap that if you’ve got the money you can probably afford to take that bet and buy the cheapest cars you could have bought for the past 10 years.

Here’s the list. As usual, ‘s’ means sold. ‘p’ means top provisional bid, ‘n/s’ means not sold. ‘n/w’ means miles not warranted. ‘MNW’ means unknown mileage. ‘dmg’ means damaged. ‘fl’ means facelift. ‘s/r’ means sunroof.

Audi A4 1.9TDI 130 SE Avant, 04 reg, 101k miles £6,200s
Audi TT180 coupe, 2005/54, 23k miles £10,700s
Audi A6 3.0 V6 TDI quat Avant auto, sat, 05 reg, 35k miles £16,000s
BMW 116i SE, 2005/55, 18k miles £8,800s
BMW 120iSE auto, sunroof, 05 reg, 54k miles £8,100s
BMW 318i 2.0ES Touring, 2005/54, 45k miles £6,800s
BMW M3 SMG, 2002/52, 61k miles n/w £14,100s
Chrysler Crossfire 3.2V6 auto coupe, 04 reg, 35k miles £7,200s
Citroen Xsara Picasso 1.6i Desire, 05 reg, 19k miles £3,400s
BMW 320d 2.0SE. 05 reg, 79k miles £9,000s
BMW 320d Sport Convertible, lthr, 05 reg, 32k miles £15,000s
FIAT Doblo 1.9 MJET Dynamic, 2008/57, 4k miles £7,650s
Ford Focus II 1.6TDCI 90 Studio estate, 05 reg, 36k miles £3,900s
Ford C-Max 1.8 Zetec facelift, 07 reg, 6k miles £8,000s
Ford Mondeo 2.0TDCI 130 Zetec est, 2004/54, 96k miles £3,250s
Ford Mondeo 2.0 Ghia, 2005/54, 72k miles £3,800s
Honda Civic Hybrid, CVT auto, lthr, 06 reg, 17k miles £9,600s
Honda Civic Type R, Climate, 2007/57, 6k miles £11,800s
Honda Accord 2.0iVTEC SE auto, 05 reg, 72k miles £4,325s
Honda Accord 2.2i CDTI Sport Tourer, 05 reg, 49k miles £6,200s
Land Rover Freelander TD4 5-dr, 05 reg, 49k miles £6,750s
Land Rover Disco 3 2.7TDV6 7-str, 2005/55, 30k miles £12,800s
Land Rover Disco 3 2.7TDV6 auto, lthr, 05 reg, 67k miles £13,600s
Lexus IS200 2.0SE auto, 2003/53, 125k miles £3,950s
Mazda 2 1.4D Capella, 05 reg, 59k miles £2,900s
Mazda 3 2.0 Sport. 05 reg, 19k miles £6,000s
Mazda RX-8 231PS, 04 reg, 43k miles £6,200s
Mercedes C220 CSI A/G auto, 2005/55, 42k miles £9,900s
Mercedes E220 CDI Avant Gard auto, 2005/55, 25k miles £13,600s
MINI Cooper 1.6, a/c, alloys, 06 reg, 18k miles £7,150s
Mitsubishi Lancer 1.6 Equippe auto SW, 05 reg, 52k miles £3,000s
Nissan Pathfinder 2.5DCI Av auto, 2006/56, 19k miles £13,200s
Peugeot 206CC 1.6 Sport, 06 reg, £7,600s
Peugeot 407 2.0HDI 136 SW S, 07 reg, 62k miles £4,900s
Porsche Boxster 987 2.7 Tiptronic S, 05 reg, 30k miles £17,700s
Renault Modus 1.6 Dynamique auto, 05 reg, 19k miles £4,100s
Renault Espace 2.2TD RXE, 1999T, 90k miles £1,125s
SAAB 9-3 2.0T Linear Sport, 05 reg, 32k miles £5,500s
SAAB 9-3 1.9D 120 Linear Sport, 05 reg, 41k miles £5,400s
Skoda Octavia I 1.9TDI 90 Amb estate, 2004/54, 50k miles £4,050s
Skoda Octavia II 1.9TDI PD Eleg estate, 05 reg, 47k miles £5,900s
Toyota Yaris 1.3VVT-I T-Spirit auto, 05 reg, 12k miles £5,550s
Toyota Corolla 2.0 D-4D T-Spirit, 2004/54, 106k miles £3,900s
Toyota Avensis 1.8VVT-I T3-S auto, 2007/57, 10k miles £9,250s
Vauxhall Astra 1.6 Club, 05 reg, 49k miles £4,225s
Vauxhall Astra 1.8Sri, 05 reg, 29k miles £4,800s
Vauxhall Zafira A 1.6 Life LPG, 2005/54, 38k miles £5,300s
Vauxhall Zafira B 1.9CDTI 120 Life, 06 reg, 41k miles £6,900s
Vauxhall Vectra 2.2i Desire. 05 reg, 64k miles £2,200s
Vauxhall Vectra 1.9CDTI 120 Club, 2005/55. 33k miles £5,825s
VW Golf V 2.0 GT TDI 5-dr, 04 reg, 52k miles £7,550s
VW Passat 1.9TDI PD 100 est, 05 reg, 31k miles £5,900s
VW Passat 1.9TDI 105. 05 reg, 74k miles £6,150s
VW Touran 1.9TDI PS 100. lthr, 05 reg, 57k miles £7,300s
Volvo S40 1.6S, 2006/56, 15k miles £6,300s
Volvo V50 1.8SE estate, lthr, 2005/54, 46k miles £6,000s



July 2008 Auctions Coming Up

Upcoming Auctions at BCA Blackbushe in July

Monday 14th July 10.00am start
Fleet Direct, Barclays Asset Finance, Lex, Porsche Retail p/x, Mercedes Benz Retail p/x, TOP CAR, Inchcape no reserve p/x, Ridgeway VW p/x, Hartwells p/x, Pendragon p/x, Franchised Dealer p/x.

Wednesday 16th July 10.00am start
Wednesday Direct, Sytner p/x, Leaseplan live online, ALD Automotive, Lex, Jardine p/x, Black Horse, Multi Source, Inchcape p/x, Snows Group p/x,.

Thursday 17th July.
Light Commercials

Friday 18th July 10.00am start
Fleet & Finance, Lloyds TSB, Motability, Lex live online, Charters p/x, British Telecom Fleet live online, Vauxhall Leasing, Masterlease, Hitachi Capital live online, Multi-source, Eden Group, Inchcape p/x, Private Sure Sell.

Monday 21st July
Fleet Direct, Barclays Asset Finance, Lex, Motability, Porsche p/x, Mercedes Benz Retail p/x, Inchcape no reserve p/x, Ridgeway VW p/x, Hartwells p/x, Pendragon p/x, Franchised Dealer p/x

Wednesday 23rd July 10.00am start
Wednesday Direct, Sytner p/x, Leaseplan live online, ALD Automotive, Lex, Jardine p/x, Black Horse, Multi Source, Inchcape p/x, Snows Group p/x.

Thursday 24th July
Light Commercials

Friday 25th July 10.00am start
Fleet & Finance, Lloyds TSB, Motability, Lex live online, Charters p/x, British Telecom Fleet live online, Masterlease, Hitachi Capital live online, Multi-source, Eden Group, Inchcape p/x, Private Sure Sell.

Monday 28th July 10.00am start
Fleet Direct, Barclays Asset Finance, Lex, Porsche Retail p/x, Mercedes Benz Retail p/x, TOP CAR, Inchcape no reserve p/x, Ridgeway VW p/x, Hartwells p/x, Pendragon p/x

Wednesday 30th July 10.00am start
Volvo, Wednesday Direct, Leaseplan, Sytner p/x, Lex, Jardine p/x, Black Horse, Multi Source, Inchcape p/x, Snows Group p/x.

Thursday 30th July
Light Commercials

As always the best way to look for a specific car coming up at a BCA auction or to pre-check a day’s sale is to visit www.auctionview.co.uk If you are a BCA account holder this service also now gives composite price information (average auction price, CAP and Glass’s) and now allows you to buy a selection of cars directly on-line.

Please Note BCA Now Charges All Private Buyers a £23.50 VCA New Keeper Transfer Fee. On behalf of the vendors, BCA is required to notify DVLA via the V5C of changes of ownership.

For sales at BCA Edinburgh, click here for full details: www.british-car-auctions.co.uk/main.asp?page=60

For BCA online auctions go to www.bca-online-auctions.co.uk. Two types of sale: Live Online and Open Tender. These are only available to BCA MyBCA Loyalty Card holders.

BMW group sales at BCA www.british-car-auctions.co.uk/Default.aspx?page=2537

BCA's exclusive Commercial Auction View service at www.commercialauctionview.com.

BCA Peterborough stages Motorbike sales on the last Friday of each month, with high volume Super Sales featuring ‘bikes from Black Horse every two months. (Next Super Sale on 25th July). Sales start at 1pm and all are welcome to attend. There is secure motorcycle parking on the day and an expert and enthusiastic Sales Team on hand to answer questions. Viewing is on the morning of the sale and BCA can arrange transport to anywhere in the UK.

Full catalogue details and a picture of every motorbike entered for the sale will be available online in advance through BCA’s exclusive Commercial Auction View service (www.commercialauctionview.co.uk).

For future police sales at West Oxfordshire Motor Auctions. Visit www.woma.co.uk, click on ‘stocklist’, then click on search, or use the faxback on 0906 3080 953 at 60p per minute. Sales are held on Tuesday and Thursday evenings from 5.30pm.

Brightwells HUGE WEEKLY 4x4 SALE takes place every Tuesday at Easter’s Court on the A49 by-pass, Leominster, Herefordshire, start time 11.00am, phone: 01568 611325, website: www.brightwells.com

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