Lakeside

Prices seamed to steady out a bit towards the end of last week. I managed to nick 3 well under cap on Friday.

I know I’m in the minority here but I really don’t see what all the fuss is about. If you have underlying health conditions fair enough but if your fit and healthy you really have been sucked into the scaremongering media hype. Official nhs statistics, that anyone can view online show that 27,000 people have died in hospital with COVID in their system but not as the sole cause of death. Less than 1300 people have died of COVID without any known underlying health conditions. In 2018 (latest the figures go up to) just shy of 30000 people died in the uk of influenza/pneumonia (seasonal flu) Do you panic every winter that you may catch seasonal flu from a customer?

They probably haven’t had a choice but to offer online bidding to everyone at the min. With them being closed to physical auction they’ll be losing all custom from the part time dealers selling a couple month and only have a blue/silver card.

We’ll just have to see how things are in a few weeks. It’s ok filling yourself with overpriced stock but if the public aren’t buying they’ll be collecting dust.

Best one I seen last week whilst having the live auction on in the background.... 2004 Suzuki Alto at Enfield I think it was. On the register three times. Cat D once and Cat C twice, don’t think it had an MOT. Cap clean was £350, guessing that’s without taking write off into consideration? Sold for £775+fees seriously who on earth is going to make any money out of that? It’s worth scrap value.

Agreed but at least the high prices could be justified if I could actually see/here the cars in person. Must be some burnt fingers out there at the min. I was wondering where we’d stand with that at the min though. As usually with a live physical auction if the car came in smoking or knocking the auctioneer would usually announce it for online bidders. But obviously not now, so would you have a right to complain if you turned up to collect and it had a serious engine fault?

Glad it’s not only me that’s noticed. Prices are beyond a joke and there’s definitely some big risk takers out there, as you say paying way over cap clean for even UKCGR stuff that’s bound to be scrap. I think a lot of dealers are sourcing elsewhere as I’m even struggling to buy private. Rang about a few private ads this week that have literally been listed within an hour to be told they’ve already sold.

https://www.google.com/amp/s/news.sky.com/story/amp/coronavirus-lookers-eyes-1-500-job-losses-as-it-closes-12-more-dealerships-12000211

I’ve just renewed mine and it actually came down for a change. Only downside is they’ve changed my password for the mid update app and I can’t get hold of anyone to find out what it is.

They can only reopen if the can adhere to the rules. I still can’t see how they can with so many people in a small space. They won’t want to limit numbers as it may lose buyers. Only option I can see is they limit it to the account holder only. No private buyers and no bringing your mate or your cousins.

They were, just ignored it. They’ve sold a fair few too according to their website.

There’s pitches near me that have never shut, been open all through lockdown but for viewing on appointment only.

Pointless them reopening yet anyway, they’ve not got enough stock coming in to warrant having full daily auctions running again. Although WBAC have reopened some branches this week so bca will be getting some stock starting to roll in now.

Bca has seamed pricey to me considering the current situation. Although I’m not sure how many are actually “selling” as I’ve seen a few coming back through over and over again.

I still cant see it that early, even when none essential shops are allowed to reopen social distancing will still be in place. How can a tiny auction hall cater for a few hundred buyers all fighting for attention and often in groups of other friends/family/colleagues to all stand 2 metres apart? It’s usually as packed as a cattle market and they won’t want to limit the amount of customers allowed in.

Won’t of helped with WBAC etc being closed. I’d imagine they’ll begin to reopen soon though as social distancing will be easy enough for them.

Next year

I do think we might have to get used to online bidding for a while yet anyway. Even if dealerships/wbac etc are allowed to reopen and stock starts coming back in there’s no way social distancing will work in auction halls, especially on busy days.

I noticed this to, I was watching a car that sold then went back on as multi vendor. I’d imagine your bang on, buyers have been stung by buying an online risk and trying to claw their money back.

A lot more people back at work this week, roads are definitely a lot busier.

Very few at Wolverhampton now, think they only deal with west mids police once in a blue moon. All the Thames valley stuff is sold from BCA Bedford now. somewhere must be selling them? Bca don’t deal with that many and Oxford was the only other I knew of.

As above, I’m worried about trying to stock up now in case I pay to much and the used prices fall through the floor once out of lockdown. Although on the other hand there is going to be a huge shortage of stock once auctions reopen as they’ve had nothing coming in and neither will any of their suppliers.

See I’ve heard that happen a few times but it may be more down to luck than anything. Copart work on commission so will do as much as they can to get the highest price for their cars, they will defiantly get them running if they can.

I’d avoid unrecorded. It’s usually dealers px scrap. I’d also avoid categorised cars that appear to have no damage as it’s usually cars that have been bodge repaired and sent back through for a quick profit. The start and drive guarantee is a bit iffy aswell, as all that means is it will start and move a few inches under its own steam. Doesn’t guarantee that the engines not knocking its boobs off.

I would of thought to be online only every car would have to be assured for buyers to be interested. Since watching Lockdown online only this past couple of weeks there’s clearly no need as there’s plenty of risk takers out there prepared to pay top money without any assurance whatsoever.