Auction Report #3: Manheim Colchester 20 Nov 08

[V8mate]

Another day, another report. About 450 cars today.

A fair crowd today but no-one willing to spend any money; if 10% of the cars met their reserve and sold outright I'd be surprised.

On some of the cars, by the value of the highest bid, I have noted 'No interest'. This means that either no-one would make the minimum bid or only one person made that bid.

You can read into this in one of two ways:
- If you own a car like that, you can take it as a message of how interested the trade would currenly be of your car if you presented it to them as a p/ex.
- If you fancy a car like that and are happy to buy at auction, you will easily topple any trade bids and still buy yourself a cheap car.


Anyway, here's some info and a few piccies to peer at. As before, please be aware that they are taken on a mobile phone and in very odd lighting conditions; so the cars are ofen much prettier in 'real life'. I seem to have had wobbly hands today too!

Provisional bids are usually within £150-£200 of the reserve. SOmetimes the vendor will come down to the bid price; more likely at the moment with so few vehicles selling!



First off; one for the cartographers amongst you

2007 07 BMW 330d SE Coupe 231bhp with SATnav. 25k miles.£17,400 SOLD





There's been some Saab chat in General Gassing this week

2005 55 Saab 9-3 1.9TiD Vector [120] 86k. £3,250 provisional





2007 07 Nissan 350Z 280bhp Roadster. £12,500 No Interest





2008 08 Honda S2000 240bhp Roadster. £13,700 (Very) provisional





2006 06 Subaru Impreza 2.5 WRX 230bhp. 43k. £6,800 provisional





Potentially, an absolute steal....

2008 08 Aston Martin Vantage 380bhp Sportshift Roadster. £57,300 provisional





Smart and sensible...

2007 07 BMW 520d M Sport Auto. £16,700 provisional





One which I thought would make for some very cheap RWD motoring, but....

1999 V BMW Z3 Roadster 1.9. 53k. £4,000 Unsold. Long way from reserve.





Nice, low mileage, V8 Jap barge...

2002 02 Lexus LS430 Auto. 48k. £6,300 provisional





2004 54 Mercedes ML270 CDi Auto. 28k. £9,900 provisional





Cheap enough?

2006 06 Lexus IS220d 175bhp Saloon. £6,900 provisional





Not really a Pistonhead car, just the first one I've seen at auction. Check out the depreciation/interest level!

2008 57 Peugeot 4007 2.2 SE Diesel 4x4. £9,500 No Interest





Future classic?

2003 03 Jaguar XKR 4.2 Supercharged. 75k. £9,400 Unsold.





I was quite shocked at the reaction to this one...

2005 05 Audi A6 3.0 TDi Quattro SE Tip Auto. 68k. £8,000 No Interest.





2007 57 Ford Focus 2.5 ST-2 225bhp Hatch with SATnav. £9,500 provisional





2007 56 Range Rover Sport 2.7 TDV6 188bhp Auto. 18k. £22,550 provisional





2005 05 Range Rover Sport 4.2 V8 Supercharged Auto. £16,650 provisional





2004 04 BMW 325 Ci Sport Auto Convertible 192bhp. £8,450 provisional





Really surprised at the lack of interest in this. All the show and the right type of 'go'!

Alfa Romeo GT 1.9 Diesel 16V Lusso 150bhp Coupe. 24k. £9,500 No Interest





Not my 'cup of tea', but a nice example of the ubiquitous MX-5

2005 05 Mazda MX-5 146bhp Convertible. 20k, £5,325 provisional





Merc-powered tank anyone?

2006 06 Jeep Grand Cherokee 3.0 CRD 215bhp Auto. 24k. £9,550 provisional





Or go the whole hog and get the V8?

2006 56 Jeep Grand Cherokee 5.7 V8 Overland 322bhp. 32k. £8,900 SOLD





Bentley diesel estate anyone?

Chrysler 300C 3.0 CRD Touring. 21k. £10,850 SOLD (Reserve set at £10,500)

[V8mate]

Muzzer said:

Doesn't give the mileage but if it's sensible that Lexus IS220 is a lot of 2006 car for 7 grand....

Sorry. It was 75k. (but very smart and straight)

I expected that little Z3 to make about £2,500. Was surprised that it went up as far as £4k and even more shocked when the auctioneer announced that it was still so far away from reserve he was marking it unsold.

Edited by V8mate on Thursday 20th November 16:02

[V8mate]

Beed said:

V8,

Can you run through what happened on the 350z and 03 XKR? I take it that the two prices you gave weren't high enough rather than no interest at the opening price?

Cheers

XKR - One bid at £9,400. Too far away from reserve to warrant taking a deposit.


There were actually two 350Zs today.

The 07/07 shown above received one bid at £12,500. No further interest shown. Too far from reserve.


There was also this 2005 55 plate convertible one. One or two bids placed, peaking at £11,300 which, again, was well below reserve and the car went unsold. On reflection, there were a lot of convertibles on sale today: two 350Zs, two S2000s, a 630i, the MX-5..... and that's just what springs immediately to mind.

Anyway, here is the other car. I didn't post it initially as it was so similar (apart from age) to the other one)

[V8mate]

volvos60s60 said:

Great informative posts.

In the current market, what would you expect a 2005 535d sport in a decent colour, with say 50K, to make?

Assuming you definitely mean 'Sport' rather than 'M Sport', probably around £13,500.

One of the traders will give you the current book price shortly too, I'm sure

[V8mate]

internet-carlot said:

V8mate said:

volvos60s60 said:

Great informative posts.

In the current market, what would you expect a 2005 535d sport in a decent colour, with say 50K, to make?

Assuming you definitely mean 'Sport' rather than 'M Sport', probably around £13,500.

One of the traders will give you the current book price shortly too, I'm sure

Sport and M Sport are one in the same thing on a 5 series.

They book at £19k in the trade, still massively regarded so around £17-£18k I would think. Maybe a touch less with over average miles.

I beg to differ.

[V8mate]

internet-carlot said:

V8mate said:

internet-carlot said:

V8mate said:

volvos60s60 said:

Great informative posts.

In the current market, what would you expect a 2005 535d sport in a decent colour, with say 50K, to make?

Assuming you definitely mean 'Sport' rather than 'M Sport', probably around £13,500.

One of the traders will give you the current book price shortly too, I'm sure

Sport and M Sport are one in the same thing on a 5 series.

They book at £19k in the trade, still massively regarded so around £17-£18k I would think. Maybe a touch less with over average miles.

I beg to differ.

Please enlighten me old boy. Bearing in mind I am a year out of the BMW network and was there for five years!!

Ok. Maybe a little pedantry on my side and a poor choice of words on yours. Six of one etc.

[pedant]
One model became the other as part of a styling refresh; so rather than them being one and the same, they are differentiated by model years. So whilst you won't find them both available on the same plate generally, e.g. 54 or 06, the questioner asked about 2005 and you will find both models on a 55 plate. And they do look quite different!
[/pedant]

[V8mate]

madou said:

V8mate said:

Nice, low mileage, V8 Jap barge...

2002 02 Lexus LS430 Auto. 48k. £6,300 provisional

Thank you ! Informative and sobering. LS430 probably has at least another 200k miles in it ...

Such an ugly car though. 1975 Toyota Crown with revised headlamps

I certainly couldn't live with one; no matter how luxurious the interior or how delightful the ride.

[V8mate]

dan101smith said:

Just for the uneducated, a provisional sale is provisional based on...?

...the auctioneer's opinion that the highest bid is close enough to the reserve to warrant taking a deposit from the bidder and entering into a negotiation between vendor and bidder to try and seal a sale.

[V8mate]

Small Car said:

Doesn't that S2000 have the wrong wheels on it (from a much earlier model) ? It looks like it could be a v reg ?!

They are certainly different to the wheels on the 07 plate one (below) which also went through, but the black one was definitely sold as a 2008 car.

[V8mate]

anonymous said:

[redacted]

It's the light. Very poor under the canopy and reflections all over the place. There was nothing wrong with the paint.

[V8mate]

Slaav said:

jazzybee said:

Thanks for your effort V8! I'm looking for a '55' or '06' 730d or CLS at the moment, and may come up to Colchester for the acution on next Thursday. Is there anywhere safe nearby, I could leave (a potentially untaxed) car for a while while I drive back home and pick the car up later that evening or the next day?

Cant you just leave it at the auction overnight and pick it up the next day for a small fee?

You can collect the car next day without fee.

There's a Mercedes Benz sale there on Thursday 27th Nov. MB clear there every other Thursday.

Not that many BMW's at Colchester. Mainly ex-fleet 3-Series entered by fleet/finance companies, but I think BCA have the BMW national account.

[V8mate]

HarryW said:

Top information there V8, any 6 series go though

There has been an 07 630i Convertible in the last 3 or 4 sales. In the first sale, the highest bid was £23,600 but the vendor turned it down. Ever since, they can't even get someone to offer £20k for it.

[V8mate]

Irish said:

Echo all the above. Great posts.

Do SMART cars come up at the MB auctions? Fancy a £1k run about (or do I just wait for the estate agencies to blow up!)

A

There's always a good dozen Smart cars in each Merc sale, but nothing for a grand. They are rarely older than 4 years.

[V8mate]

PomBstard said:

V8 - do you have access to Manheim results from elsewhere??? Maybe in other countries????? Maybe even in other countries on the other side of the planet beginning with 'A'...???? Cheeky, I know

Cheers
PB

I have standard business commissioning rates. If you'd like to cover my business class flights and hotel costs, I'll gladly photograph and note prices at any auction you like. I'll even pay for my own lunch!

[V8mate]

baptistsan said:

Grey Ghost said:

Buggar me that's an absolute steal

Not sure if it has been said but, she is on the wrong wheels. Wonder why?

Just saw a feature on the BBC News about Honda closing its plant for 2 months. The journalist was wandering around a Honda dealer (or maybe the plant's showroom?) and the S2000 had these very same 5-spoke wheels on. Must be a new wheel for 2008 which looks similar to an old style.