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Shortage of Cars Pushes Auction prices Up

Fri, 26 Jan 2001
Auction prices were very firm at BCA Blackbushe today with demand for de-fleeted cars starting to exceed supply. The public is now back in the used car market in a big way and dealers were often forced to bid £400 over reserve prices to secure the cars they needed to replenish sold stocks. High prices included £5,500 paid for a 15,000 mile 99T Nissan Micra 1.0 5-door with the coveted options of power steering and automatic transmission. A 46,000 mile 99S Astra 1.7 Envoy TD estate sold to a trader for £5,550, which is £500 more than the same cars were going for with lower mileages a week ago. A 77,000 mile 97R BMW 520iSE, admittedly in a nice metallic shade of violet, sold for £10,150. A 92,000 mile 97R 323i Coupe automatic with leather reached a high £9,950. A 64,000 mile 98R Vectra SRI 140 made a very strong £6,150. A pair of E46 BMW 323iSEs made £16,150 for the 26,000 mile 99S and £16,450 for the 13,000 mile 98S. A 20,000 mile 98S new shape Mazda MX5 1.8S with alloys and leather sold for £11,100 And a yellow 8,000 mile 2000W Renault Megane 1.6 Sport Alize convertible with a lemon peel repainted bonnet and front wing bid all the way to £11,200. To my mind, the only real cheapies were a 133,000 mile 96N Citroen Xantia 2.0iSX 16v which bid to a lowly £1,375, a 93,000 mile 96N Xantia 1.9LXTD which bid to £1,800 and a desirable but 91,000 mile 98R Peugeot 406 Pininfarina coupe with aircon which bid to £7,475. Full list of UK auction centres in the Directory on this website. To subscribe to BCA Auctionview, giving composite prices achieved and details of cars in upcoming BCA auctions, visit www.bca-auctions.co.uk There will be a BCA Classic Car auction at Blackbushe on Monday 29th January at 12.00 noon (tel: 01252 877317 or 01252 878555). Star entries include a 1929 Buick Six Series 121 sedan and a 1931 Packard Eight Series 833 limousine. See my report on Monday night.

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