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Does any one know why there is short supply of decent cars auctions?
i have been trying to get some decent stock since the beginning of september and i have been struggling to find decent cars for competitive prices, does anyone in the trade know why? how busy will the trade be for the last quarter is it worth buying anything,or should i wait till jan next year any info would be greatly appreciated also is there any other way i can find out how things are going in the trade, like a dealer forum of some kind many thanks.
Public Comments
- For a car to be available at auction, someone has to be selling it.
Most cars at auction in the UK are from one of two sources:
- ex-company cars coming off lease
- trade-ins from private / small company customers buying new cars
Due to the current economic uncertainties, many private buyers are keeping their cars longer, and many companies are extending the leases on their cars by a year or more.
This means two things:
- there are fewer cars coming to auction
- those that are coming to auction are older, higher mileages, possibly less well cared for (if private owners have been scrimping on maintenance to save money).
These issues in the new car market are what has been causing the short supply of decent cars at auctions.
