Auction Prices Fall as Dealers Clear Decks for March

Wed, 28 Feb 2001
Prices of some part-exchanges were lower today as smaller dealers with cash flow problems were forced to clear out their back lots for the expected influx of March 1st trade-ins. I also saw quite a bit more variety than had been usual over the last month and I think these two trends are set to continue. Any bread and butter cars more than ten year old now usually make less than £500. Proof came in the form of a tidy 89G Nova 1.3 four door that sold for £400 and a 126,000 mile 90H Orion 1.6LX got gone for £225. 92-93K is becoming the £1,000 cut-off point, with a 124,000 mile 93K Cavalier 1.8iLS 5-door selling for £825 and even an 84,000 mile 94M Escort 1.3 5-door was knocked down for just £850. I wasnt there to buy, but very nearly started waving my catalogue at the auctioneer when an exceptionally tidy, just serviced, 97,000 mile 91J Lexus LS400 stalled for another bid at £5,025. A 35,000 mile 98S Mercedes C240 V6 Classic 5-speed automatic also hit the wall on the low side at £13,550 and a 102,000 mile 98R C180 facelift Classic manual with a/c looked even better value at £6,800. Three Hondas failed to get anywhere near where the auctioneer needed them to be. A 13,000 mile 2000W Civic 1.8VTI and a 10,000 mile 2000W Accord 1.8 VTEC S both ran out of bids at £8,500, while a 5,000 mile 2000W Integra 1.8 Type-R didnt even get started at £11,000. Big money did come his way for a couple of cars, though. A 42,000 mile 97R Peugeot 306 2.0 Cabriolet which started at £7,000 bid past its reserve of £9,000 to sell for all of £9,700. While a 19,000 mile 98R MGF VVC, subject ot the infamous camshaft sprocket problem, bid to an even healthier £10,125. Spring is obviously in the air. 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

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