Auction Report: Manheim Colchester 13 Nov 08

[sniff diesel]

Thanks for taking your time to post these threads V8mate, even better with the pictures. I'm sure they're appreciated by a lot of readers on here.

[WhoreLex]

Ram SRT10 for 16k?

V10 Bargain hehehe

[internet-carlot]

V8mate said:

haggy said:

internet-carlot said:

Some of you guys need to calm down a bit!!

That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.

I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.

As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.

Exactly, some cars are there for a reason!

The M5 was a part-ex entered by Gates Ford.

I am sure that is as it supposed to be but it would not be beyond the realms of possibility that is belonged to a staff member or an independent dealer asked them to chuck it in there knowing that it would help its value.

I guess I am saying that any high powered car over three or four years old comes with a lot of risk attached and despite the fact that I am in the trade and know all the tricks I would not buy one without driving it, even if it ment paying more money.

I meant to say thanks earlier aswell, not only a good thing but lively debate other than 'what car can I buy for £3k which will do 80mmg, 160mph and not lose any money'!!

[V8mate]

internet-carlot said:

V8mate said:

The M5 was a part-ex entered by Gates Ford.

I am sure that is as it supposed to be but it would not be beyond the realms of possibility that is belonged to a staff member or an independent dealer asked them to chuck it in there knowing that it would help its value.

I guess I am saying that any high powered car over three or four years old comes with a lot of risk attached and despite the fact that I am in the trade and know all the tricks I would not buy one without driving it, even if it ment paying more money.

I meant to say thanks earlier aswell, not only a good thing but lively debate other than 'what car can I buy for £3k which will do 80mmg, 160mph and not lose any money'!!

Thanks. I decided to feed back some real market prices for exactly the reason that so many people spent so much time on here speculating.

I also agree absolutely with your comments about old 'supercars' (for want of a better word, before the pedants start telling me that 'supercar' is strictly defined). I would have gladly bid £5k for the car - making it £5,300 with the 'bits and bobs'. Couldn't believe when the biddng started at £6100 and then it didn't sell outright at £6800. Makes me wonder if it was a p/ex which Gates paid all the money for to clinch a sale?

[internet-carlot]

V8mate said:

internet-carlot said:

V8mate said:

The M5 was a part-ex entered by Gates Ford.

I am sure that is as it supposed to be but it would not be beyond the realms of possibility that is belonged to a staff member or an independent dealer asked them to chuck it in there knowing that it would help its value.

I guess I am saying that any high powered car over three or four years old comes with a lot of risk attached and despite the fact that I am in the trade and know all the tricks I would not buy one without driving it, even if it ment paying more money.

I meant to say thanks earlier aswell, not only a good thing but lively debate other than 'what car can I buy for £3k which will do 80mmg, 160mph and not lose any money'!!

Thanks. I decided to feed back some real market prices for exactly the reason that so many people spent so much time on here speculating.

I also agree absolutely with your comments about old 'supercars' (for want of a better word, before the pedants start telling me that 'supercar' is strictly defined). I would have gladly bid £5k for the car - making it £5,300 with the 'bits and bobs'. Couldn't believe when the biddng started at £6100 and then it didn't sell outright at £6800. Makes me wonder if it was a p/ex which Gates paid all the money for to clinch a sale?

Are you thinking about 'dabbling' yourself?!

Edited by internet-carlot on Thursday 13th November 16:04

[V8mate]

internet-carlot said:

V8mate said:

internet-carlot said:

V8mate said:

The M5 was a part-ex entered by Gates Ford.

I am sure that is as it supposed to be but it would not be beyond the realms of possibility that is belonged to a staff member or an independent dealer asked them to chuck it in there knowing that it would help its value.

I guess I am saying that any high powered car over three or four years old comes with a lot of risk attached and despite the fact that I am in the trade and know all the tricks I would not buy one without driving it, even if it ment paying more money.

I meant to say thanks earlier aswell, not only a good thing but lively debate other than 'what car can I buy for £3k which will do 80mmg, 160mph and not lose any money'!!

Thanks. I decided to feed back some real market prices for exactly the reason that so many people spent so much time on here speculating.

I also agree absolutely with your comments about old 'supercars' (for want of a better word, before the pedants start telling me that 'supercar' is strictly defined). I would have gladly bid £5k for the car - making it £5,300 with the 'bits and bobs'. Couldn't believe when the biddng started at £6100 and then it didn't sell outright at £6800. Makes me wonder if it was a p/ex which Gates paid all the money for to clinch a sale?

Are you thinking about 'dabbling' yourself?!

It has been a hobby for well over 20 years. But if anyone is thinking of starting trading from home they'll end up much better off if they simply buy me beer for an evening and let me recount to them all the stters I've bought over the years and the money I've lost. I have only had to resort to it as a form of income a couple of times, but it is still a struggle unless you are either a reasonably skilled mechanic yourself or have various motor trade friends who can help you out getting things sorted on cars.

As it has always been a hobby, losing a few quid has never really worried me - all hobbies cost money. I enjoy the processes of buying, 'improving' and then selling things, so from that perspective it remains fun.

I've always made my best money pinching cars from private sellers; on a couple of occasions, pinched so well that I drove them straight to Frating rather than even bother advertising them. But they are the (few) good news stories I'll save for my grandchildren!

Buyers are less and less keen to buy from home traders these days. Unless you deal in sub-£2k cars, which often have faults worth more than the car, they want warranties and finance and p/ex etc.

Having said that, the car trade can still be lucrative. I work as a consultant to businesses seeking to improve performance and my combined knowledge of the motor trade is such that I have a juicy, pretty unexploited, business concept just waiting for the right time and investment to come along together.

If someone asked for one line of advice about entering the (retail) car trade, it would be not to do it when the chips are down for you personally; start it as a hobby, see if you're any good at it/lucky, and then let the business grow organically. If you've never done it before, it won't pay your mortgage from month 1.

[internet-carlot]

V8mate said:

internet-carlot said:

V8mate said:

internet-carlot said:

V8mate said:

The M5 was a part-ex entered by Gates Ford.

I am sure that is as it supposed to be but it would not be beyond the realms of possibility that is belonged to a staff member or an independent dealer asked them to chuck it in there knowing that it would help its value.

I guess I am saying that any high powered car over three or four years old comes with a lot of risk attached and despite the fact that I am in the trade and know all the tricks I would not buy one without driving it, even if it ment paying more money.

I meant to say thanks earlier aswell, not only a good thing but lively debate other than 'what car can I buy for £3k which will do 80mmg, 160mph and not lose any money'!!

Thanks. I decided to feed back some real market prices for exactly the reason that so many people spent so much time on here speculating.

I also agree absolutely with your comments about old 'supercars' (for want of a better word, before the pedants start telling me that 'supercar' is strictly defined). I would have gladly bid £5k for the car - making it £5,300 with the 'bits and bobs'. Couldn't believe when the biddng started at £6100 and then it didn't sell outright at £6800. Makes me wonder if it was a p/ex which Gates paid all the money for to clinch a sale?

Are you thinking about 'dabbling' yourself?!

It has been a hobby for well over 20 years. But if anyone is thinking of starting trading from home they'll end up much better off if they simply buy me beer for an evening and let me recount to them all the stters I've bought over the years and the money I've lost. I have only had to resort to it as a form of income a couple of times, but it is still a struggle unless you are either a reasonably skilled mechanic yourself or have various motor trade friends who can help you out getting things sorted on cars.

As it has always been a hobby, losing a few quid has never really worried me - all hobbies cost money. I enjoy the processes of buying, 'improving' and then selling things, so from that perspective it remains fun.

I've always made my best money pinching cars from private sellers; on a couple of occasions, pinched so well that I drove them straight to Frating rather than even bother advertising them. But they are the (few) good news stories I'll save for my grandchildren!

Buyers are less and less keen to buy from home traders these days. Unless you deal in sub-£2k cars, which often have faults worth more than the car, they want warranties and finance and p/ex etc.

Having said that, the car trade can still be lucrative. I work as a consultant to businesses seeking to improve performance and my combined knowledge of the motor trade is such that I have a juicy, pretty unexploited, business concept just waiting for the right time and investment to come along together.

If someone asked for one line of advice about entering the (retail) car trade, it would be not to do it when the chips are down for you personally; start it as a hobby, see if you're any good at it/lucky, and then let the business grow organically. If you've never done it before, it won't pay your mortgage from month 1.

That is a very good way to look at it.

If I were not doing it professionally I would probably do something similar, just buy a car to use that is always for sale.

Looking at this kind of gear though is not the right thing for anyone thinking about it and especially from this environment.

I hear what you are saying about the private sales, when I used to get low on MINI's in my last role, I would give the MINI manager a load of private ads with target prices and he used to get a fairly decent hit rate.

I think often people are frightened of asking a private punter for loads of money off but on £5k+ stuff they are likely to (best to establish this on the phone before you make the trip though!)

[Accelerated]

Not Ideal said:

The E55 looks immaculate.!!

Always thought you look like you're doing an airport run in one though.

If you live any where near an airport or central london you will understand what he is on about, all the exec cabs are E class or S-class mercs, and yes there are a few AMG's

[V8mate]

Accelerated said:

Not Ideal said:

The E55 looks immaculate.!!

Always thought you look like you're doing an airport run in one though.

If you live any where near an airport or central london you will understand what he is on about, all the exec cabs are E class or S-class mercs, and yes there are a few AMG's

14 mpg bites a bit for a taxi!

[Accelerated]

V8mate said:

Accelerated said:

Not Ideal said:

The E55 looks immaculate.!!

Always thought you look like you're doing an airport run in one though.

If you live any where near an airport or central london you will understand what he is on about, all the exec cabs are E class or S-class mercs, and yes there are a few AMG's

14 mpg bites a bit for a taxi!

Well they must be making enough wedge to support the drinking habit

[emicen]

Accelerated said:

V8mate said:

Accelerated said:

Not Ideal said:

The E55 looks immaculate.!!

Always thought you look like you're doing an airport run in one though.

If you live any where near an airport or central london you will understand what he is on about, all the exec cabs are E class or S-class mercs, and yes there are a few AMG's

14 mpg bites a bit for a taxi!

Well they must be making enough wedge to support the drinking habit

Or ticked the following options:
- E220CDi badge delete
- 18in AMG Alloy wheels
- AMG aero bodykit

[BAHN-STORMA]

V8mate said:

haggy said:

internet-carlot said:

Some of you guys need to calm down a bit!!

That E55 books back mileage adjusted to £14325. If I went for a cheque in the trade it would be £12k and those cars are out there at the moment.

I think it is a great idea to show people what cars can be had at an auction and I don't buy cars like that so it is useful for me to see what they are making.

As for the M5, if you ever buy a car like that in an A line at an auction, good luck and get ready with the cheque book.

Exactly, some cars are there for a reason!

The M5 was a part-ex entered by Gates Ford.

I generally avoid all the dealer entered part-x stuff, although that's not to say you can always trust the ex-lease cars either!


Another good post though V8 - Cheers!

[5 wh]

Interesting topic.Ive been going to auctions for many years but nowardays I do not buy a single car from them-Ive had too many bad experiences in my early days trading cars.

[steebo888]

yer thanks for this info. Really helpful as im changing within the next 2 months and am thinking of picking up a german motor at knock down price from an auction

[pauldc259]

Speed_Demon said:

V8mate said:

Best value bit of Pistonheadry today:
2004 54 Merceds Benz E55 AMG Saloon with panorama roof - £14,300 SOLD - WOW!

OH

MY

GOD

A similar car to that currently sells in Aus for Gbp48,000......

Edited by pauldc259 on Friday 14th November 02:10

[Accelerated]

emicen said:

Accelerated said:

V8mate said:

Accelerated said:

Not Ideal said:

The E55 looks immaculate.!!

Always thought you look like you're doing an airport run in one though.

If you live any where near an airport or central london you will understand what he is on about, all the exec cabs are E class or S-class mercs, and yes there are a few AMG's

14 mpg bites a bit for a taxi!

Well they must be making enough wedge to support the drinking habit

Or ticked the following options:
- E220CDi badge delete
- 18in AMG Alloy wheels
- AMG aero bodykit

I know the difference between a real AMG and a tarted up diesel!

[V8mate]

Accelerated said:

emicen said:

Or ticked the following options:
- E220CDi badge delete
- 18in AMG Alloy wheels
- AMG aero bodykit

I know the difference between a real AMG and a tarted up diesel!

3 exhaust pipes?

[Mr E]

Are M5s really that cheap?

[emicen]

Mr E said:

Are M5s really that cheap?

It appears so. I wouldnt have believed it myself, last time I was looking you were in to 140k mile examples to get the price under £10k!

Its almost tempting to find out if an M5 really would work on LPG...

[V8mate]

emicen said:

Mr E said:

Are M5s really that cheap?

It appears so. I wouldnt have believed it myself, last time I was looking you were in to 140k mile examples to get the price under £10k!

Its almost tempting to find out if an M5 really would work on LPG...

If it helps at all - it sounded awesome

Was a pre-facelift model though.