What are the average discounts at a dealer auction?

[daveymark]

Found a dealer who said he'd bid for me for $200. I'm wondering if the savings are worth it?

What is the general discount at a dealer auction?

I'm in the chicago area, if that helps.

 

[vi edit]

Probably just really depends on the particular vehicle and the demand for it.

PM PAB (psycho andy's brother). He regularly hits up the car auctions and can probably give you the best idea of going rates.

 

[PAB]

Originally posted by: vi_edit
Probably just really depends on the particular vehicle and the demand for it.

PM PAB (psycho andy's brother). He regularly hits up the car auctions and can probably give you the best idea of going rates.

Once again, vi is the one that posts the smartest response.

 

[ValValline]

It depends on whether it's a dealer only auction, or open to the public.

If the public is involved, then stupidity will take over and people will bid up to and past the real street value of the car. The same can happen with some dealer only auctions, but it's rare.

Another thing to consider is that when a car goes to auction it is either a repo, or a trade-in that was not good enough to keep and resell. Buyer beware.

 

[mayonnaise]

Sorry for the attempted hijack - but I just really had to ask as this mystery has been bothering me for a bit now.

How are these types of auctions usually conducted? I've always wondered about this stuff and even made an effort to do some research as well but when I got bombarded with the ad's all over the web for this stuff I gave up. So the entire process is still a mystery to me. Are there places you can check when/what type of auctions are going on? What are some common rules on attending etc?

 

[PAB]

Originally posted by: mayonnaise
Sorry for the attempted hijack - but I just really had to ask as this mystery has been bothering me for a bit now.

How are these types of auctions usually conducted? I've always wondered about this stuff and even made an effort to do some research as well but when I got bombarded with the ad's all over the web for this stuff I gave up. So the entire process is still a mystery to me. Are there places you can check when/what type of auctions are going on? What are some common rules on attending etc?

Conducted? I don't understand what you mean.

Most dealer auctions are every week. Its treated as a regular business.

 

[mayonnaise]

Hrm, I lived in Florida for a while and everytime I asked a dealer about an auction they usually said they dont do them or they were always rare and private - so I was under the impression that it was almost an underground type thing for people "in the know". Also, sorry I didnt mention earlier, but my question is not in regards only to dealer, but repo and govt auctions as well... not sure if many would have info on them though.

 

[PAB]

Originally posted by: mayonnaise
Hrm, I lived in Florida for a while and everytime I asked a dealer about an auction they usually said they dont do them or they were always rare and private - so I was under the impression that it was almost an underground type thing for people "in the know". Also, sorry I didnt mention earlier, but my question is not in regards only to dealer, but repo and govt auctions as well... not sure if many would have info on them though.

Where in Florida?

In BFE, yeah you're right.

There are a BUNCH of auctions around here. Most repos run through at dealer only. Government sales are through GSA.

In FL, there are like 6 auctions I can hit in two days

FAAO in Ocoee - 5000-7000 units weekly
SADE in Sanford - 4000 units weekly
OLAA in Longwood - 1-2000 units weekly
ADESA in Sanford - Salvage
DADE in Daytona - 2000-3000 units weekly
Hometown auction - couple hundred

You will not go to an auction for Repos only. They roll them into the regular dealer auction. Repo's run right next to new car trades.

 

[mayonnaise]

Originally posted by: PAB

Originally posted by: mayonnaise
Hrm, I lived in Florida for a while and everytime I asked a dealer about an auction they usually said they dont do them or they were always rare and private - so I was under the impression that it was almost an underground type thing for people "in the know". Also, sorry I didnt mention earlier, but my question is not in regards only to dealer, but repo and govt auctions as well... not sure if many would have info on them though.

Where in Florida?

In BFE, yeah you're right.

There are a BUNCH of auctions around here. Most repos run through at dealer only. Government sales are through GSA.

In FL, there are like 6 auctions I can hit in two days

FAAO in Ocoee - 5000-7000 units weekly
SADE in Sanford - 4000 units weekly
OLAA in Longwood - 1-2000 units weekly
ADESA in Sanford - Salvage
DADE in Daytona - 2000-3000 units weekly
Hometown auction - couple hundred

You will not go to an auction for Repos only. They roll them into the regular dealer auction. Repo's run right next to new car trades.

Port St Lucie to be exact, and it's a pretty quiet place yeah Thanks for the info though, are there places on the web that you're willing to share? Maybe sites that post schedules or something. What type of auctions can the general public usually get access to?

 

[daweeze02]

What car are you looking for I have access to Manheim Market Reports and can give you a list of prices.

 

[JulesMaximus]

Originally posted by: ValValline
It depends on whether it's a dealer only auction, or open to the public.

If the public is involved, then stupidity will take over and people will bid up to and past the real street value of the car. The same can happen with some dealer only auctions, but it's rare.

Another thing to consider is that when a car goes to auction it is either a repo, or a trade-in that was not good enough to keep and resell. Buyer beware.

It's also frequently used as a way to move rental and/or fleet vehicles that may or may not have been maintained well.

 

[daweeze02]

Most cars that run through Manheim auctions are inspected and if the dealer you are with is good he will be able to tell if there is PPW etc. I bought and sold cars for 4 years through Manheim's Auction in PA, FL, MI etc and very rarely had problems. Also my last 3 cars were from auctions and the only issue I ever had was bad faulty battery, but it was a German(VW) car so electrical problems were to be expected.

 

[daveymark]

Originally posted by: daweeze02
What car are you looking for I have access to Manheim Market Reports and can give you a list of prices.

ygpm

 

[daweeze02]

Originally posted by: daveymark

Originally posted by: daweeze02
What car are you looking for I have access to Manheim Market Reports and can give you a list of prices.

ygpm

replied

 

[daveymark]

excellent.

 

[PAB]

Originally posted by: mayonnaise

Originally posted by: PAB

Originally posted by: mayonnaise
Hrm, I lived in Florida for a while and everytime I asked a dealer about an auction they usually said they dont do them or they were always rare and private - so I was under the impression that it was almost an underground type thing for people "in the know". Also, sorry I didnt mention earlier, but my question is not in regards only to dealer, but repo and govt auctions as well... not sure if many would have info on them though.

Where in Florida?

In BFE, yeah you're right.

There are a BUNCH of auctions around here. Most repos run through at dealer only. Government sales are through GSA.

In FL, there are like 6 auctions I can hit in two days

FAAO in Ocoee - 5000-7000 units weekly
SADE in Sanford - 4000 units weekly
OLAA in Longwood - 1-2000 units weekly
ADESA in Sanford - Salvage
DADE in Daytona - 2000-3000 units weekly
Hometown auction - couple hundred

You will not go to an auction for Repos only. They roll them into the regular dealer auction. Repo's run right next to new car trades.

Port St Lucie to be exact, and it's a pretty quiet place yeah Thanks for the info though, are there places on the web that you're willing to share? Maybe sites that post schedules or something. What type of auctions can the general public usually get access to?

Hour from me.

West Palm Beach AA is on Thursday
Lauderdale Miami AA is on Friday
ADESA South FL is Wednesday

Theres a bunch of auctions down south.

Theres no place on the web that lists every sale, and everything that I've posted to you is dealer only.

Public auctions will be GSA, Fleet Surplus, Municipal/State surplus

 

[PAB]

Originally posted by: daweeze02
Most cars that run through Manheim auctions are inspected and if the dealer you are with is good he will be able to tell if there is PPW etc. I bought and sold cars for 4 years through Manheim's Auction in PA, FL, MI etc and very rarely had problems. Also my last 3 cars were from auctions and the only issue I ever had was bad faulty battery, but it was a German(VW) car so electrical problems were to be expected.

We need to swap stories.

 

[daweeze02]

Originally posted by: PAB

Originally posted by: daweeze02
Most cars that run through Manheim auctions are inspected and if the dealer you are with is good he will be able to tell if there is PPW etc. I bought and sold cars for 4 years through Manheim's Auction in PA, FL, MI etc and very rarely had problems. Also my last 3 cars were from auctions and the only issue I ever had was bad faulty battery, but it was a German(VW) car so electrical problems were to be expected.

We need to swap stories.

 

[ponyo]

I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

 

[PAB]

Originally posted by: Naustica
I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

20-22

 

[iamwiz82]

Originally posted by: PAB

Originally posted by: Naustica
I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

20-22

FYI -

you can pick up that age S2000 on http://www.s2ki.com for a very similar price. I've seen 01's as low as $14k on there with not too many miles.

 

[PAB]

Originally posted by: iamwiz82

Originally posted by: PAB

Originally posted by: Naustica
I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

20-22

FYI -

you can pick up that age S2000 on http://www.s2ki.com for a very similar price. I've seen 01's as low as $14k on there with not too many miles.

That was clean book.

I always try buying closer to rough. I'm going to daytona later today and trying to buy.

 

[ponyo]

Originally posted by: iamwiz82

Originally posted by: PAB

Originally posted by: Naustica
I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

20-22

FYI -

you can pick up that age S2000 on http://www.s2ki.com for a very similar price. I've seen 01's as low as $14k on there with not too many miles.

Thanks for the site. Looked at the site marketplace briefly and saw couple that peaked my interest. I've been itching to get a weekend toy car and I've decided on the S2000. I've set aside about 24k cash for one but problem is trying to find decent one. I've called two local sellers today. Both were sold.

 

[PAB]

Originally posted by: Naustica

Originally posted by: iamwiz82

Originally posted by: PAB

Originally posted by: Naustica
I'm looking to pickup 03 or 04 Honda 2000. What's the average price at dealer auction for something like this?

20-22

FYI -

you can pick up that age S2000 on http://www.s2ki.com for a very similar price. I've seen 01's as low as $14k on there with not too many miles.

Thanks for the site. Looked at the site marketplace briefly and saw couple that peaked my interest. I've been itching to get a weekend toy car and I've decided on the S2000. I've set aside about 24k cash for one but problem is trying to find decent one. I've called two local sellers today. Both were sold.

Where are you at? I can always hit the Honda Remarketing sale any Tuesday.

 

[ponyo]

I'm in Atlanta. I would prefer local but willing to buy from anywhere if great deal was found. I'm trying to avoid going the new car route but may if I'm desperate. But I would hate to do that for a weekend toy car.