Auction Report #10: Manheim Colchester 15 January 09

[V8mate]

Hi all.

Does anyone actually read the first bit, or do you all just scroll straight to the pretty pictures?

I made a rather key observation today. At Tuesday's auction, the crowd was seriously swollen by buyers from main dealers of all persuasions. And the cars all made top money; often well in excess of book trade.

This morning, the buyers were almost entirely independent trade and, once again, we were back to a large proportion of the cars failing to make reserve. Then, when the Mercedes element of the sale started, buyers from several MB dealer groups turned up, and just about every car met or exceeded reserve.

So, the dealer groups seem to desperate for secondhand stock and are willing to pay whatever it takes for 'ready-to-retail' quality cars, but the independent sector clearly remains somewhat more circumspect about what they are buying and are still relying on the bargains to surface.




Coming up soon

Don't forget the next Prestige Sale on Tuesday 10th February. Would be great to see some of you there if you can spare the time.
The cars are starting to arrive already and I'll be including some taster pics to whet your appetites!


How rare is this? Could be sitting on your drive in less than 4 weeks time!

MG XPower SV



Many thanks to WhiteChief for the pic of the MG!


A smart curvy German... (no, not me in a bikini!)




A lanky Italian...





So, onto today's results. As I knew that there'd be a batch of Mercs, I thought I'd start with some really general stock; the sort of stuff many of us might end driving on a day-to-day basis, while our P&J waits for the weekend.

Have also included some Smarts and Mitsubishi 4x4s following recent posts in GG.


To save repeated questions, car prices are marked as:

SOLD - you pay this price plus a buyer's premium of 4-5%.

Provisional - you are the highest bidder but haven't met the reserve. Manheim will try and broker a deal between you an the vendor (either you move up or the vendor moves down). You are bound to buy the car if the vendor moves his reserve down to your bid, but are not bound to offer any extra. (Plus buyer's premium as before)

Submit Highest Bid (SMB) - The vendor has not left a reserve but has asked the auction house to submit the highest bid to him for his consideration. You are bound to buy the car if your highest bid is accepted. (Plus buyer's premium as before)


Here we go......


2007 57 Volvo S40 2.0D SE. 19k. £8,500 provisional





2005 55 Vauxhall Vectra 1.9 CDTi Design (120) Estate. 60k. £4,250 SOLD





2005 55 Ford Focus 1.8 TDCi Zetec. 42k. £5,450 SOLD





2006 56 Skoda Octavia 2.0 TDi Ambiente (with sporty bits). 38k. £6,300 SOLD





2006 56 BMW 116i M Sport. 16k. £9,250 SOLD





2005 05 Jaguar S-Type 2.5 V6 SE Auto. 82k. £5,425 SOLD





2006 55 Ford Focus ST-3. 28k. £8,900 SOLD





2006 56 Skoda Fabia 1.2 12V Ambiente. 10k. £4,350 SOLD





2006 56 MINI Cooper S Convertible. 17k. £9,500 provisional





2007 07 Mitsubishi Outlander 2.0 DD Elegance. 70k. £10,000 provisional





2006 56 Volkswagen Passat 2.0 S Tdi DSG Estate. 25k. £8,250 provisional





2007 07 Toyota Avensis 2.0 D-4D T3-S Satnav. 31k. £6,300 provisional





2005 55 Saab 9-3 1.9TiD Vector Sport (150). 32k. £5,725 SOLD





2006 56 Seat Toledo 2.0 TDi Stylance DSG Hatch. 11k. £7,300 SOLD





2005 55 BMW 525D SE. 48k. £8,700 provisional





2005 55 Mitsubishi Shogun 3.5 V6 GDi Elegance Auto. 28k. £6,900 SOLD





No interest in this car; are they losing their shine?

2005 05 Honda S2000. 12k. £11,000 No interest.





2006 06 Jaguar X-Type 2.0D Sport Estate. 55k. £6,625 SOLD





2006 56 Ford Galaxy 1.8 TDCi Zetec. 21k. £9,275 SOLD





2006 06 Audi A4 2.0 SE. 74k. £6,025 SOLD





2007 07 MINI Cooper (base model). 38k. £7,700 SOLD





2005 55 Volvo XC90 2.4D SE Geartronic. 38k. £11,550 SOLD





A PH favourite for you all

2006 56 Mazda MX-5 1,8i (Option Pack). 16k. £7,000 SOLD





2005 55 BMW 330D SE Saloon. 54k. £9,100 provisional





2006 06 Jeep Grand Cherokee CRD Limited Auto. 22k. £9,650 SOLD





2005 55 Peugeot 307 2.0 HDi SE Estate. 32k. £5,300 SOLD





2005 55 Saab 9-3 Aero Saloon. 22k. £5,950 SOLD





2005 55 Seat Altea 2.0 TDi Sport Estate. 48k. £5,100 SOLD





Not often you see one of these come through ... likely to be a private sale.

2005 05 Mitsubishi Lancer Evo 8. 19k. £7,000 provisional





And now for the Mercs...


2006 06 Mercedes Benz A180 CDi Classic SE. 47k. £6,200 SOLD





2005 55 MB C200 CDi Avantgarde SE Auto. 23k. £10,300 SOLD





2005 55 MB CLS320 CDi Tip Auto. 26k. £20,000 SOLD





2005 55 MB CLK 200K Sport Tip Auto Cab. 50k. £14,200 SOLD





2006 56 MB C180K Classic SE Auto Estate. 37k. £9,600 SOLD





2005 55 MB CLK 280 Avantgarde Tip Auto Cab. 27k. £14,700 SOLD





2006 56 CLS320 CDi Tip Auto. 44k. £19,200 SOLD





2005 55 MB SL350 Tip Auto Cab. 36k. £22,000 SOLD





2005 55 MB SLK 200K Tip Auto Roadster (red leather). 19k. £14,800 SOLD





2007 07 MB B180 CDi SE Tip Auto. 29k. £11,300 SOLD





2005 55 MB ML350 SE Tip Auto. 47k. £16,000 SOLD





2006 06 Smart Roadster 80 Auto. 19k. £5,350 SOLD





2006 06 MB CLS350 CGi Tip Auto. 66k. £17,100 SOLD





2003 03 MB SLK 200K Auto. 48k. £6,500 SOLD





2003 03 MB CLK 320 Avantgarde Tip Auto Cab. 40k. £10,400 SOLD





2006 56 MB CLS320 CDi Tip Auto. 5k. £18,100 SOLD





2005 55 MB ML270 CDi Tip Auto. 36k. £10,200 SOLD





2005 55 MB SLK 280 Auto Roadster. 16k. £14,40 SOLD





Some bargain luxury metal...

2004 54 MB S350 Auto. 90k. £7,400 SOLD





2005 55 MB SL350 Tip Auto Cab. COMAND. 52k. £19,800 SOLD





2005 05 Smart Roadster 80. 44k. £4,050 SOLD





Quite a rarity...

2001 51 MB SLK 32 Roadster. 40k. £8,850 SOLD





2005 55 MB ML350 Tip Auto. 22k. £8,200 SOLD





Another rarity...

2004 04 MB E500 Avantgarde Tip Auto Estate. 76k. £8,200 provisional





2005 55 Smart ForTwo Cabrio Brabus. 11k. £6,000 SOLD





2005 55 MB CLS500. 8k. £18,200 SOLD





2004 04 MB CLK55 Auto Cabriolet. 50k. £14,300 SOLD





Nicely optioned...

2005 55 MB SLK280 Sport. 20k. £13,200 SOLD





2007 57 MB B180 CDi SE Tip Auto. 10k. £12,050 SOLD





2004 54 Smart ForFour 1.5 Passion. 35k. £3,100 SOLD





2003 52 MB CLK 320 Avantgarde Tip Auto Cab. 50k. £6,850 SOLD





2003 53 MB CLK55 Tip Auto Cab. 44k. £15,000 SOLD

[hornetrider]

Top stuff!

Bargains to me seemed the Saab 9-3 and the Evo 8. I have to say, I cannot WAIT for the prestige report now.

[Orangecurry]

re. your observation - MD mark-up on the sale of new cars is very small, because the manufacturers are screwing them down, and selling (new-car) targets are unreal.

MDs are now buying up the 2nd-hand stock because
1) they make more mark-up
2) being cheaper to start with they are easier to sell

Edited by Orangecurry on Thursday 15th January 15:52

[A - W]

Cracking report as usual and some read the top.

Thanks V8.

[bones33]

Prestige auction looks like its going to be fun

For me Saab 9-3 and the Evo 8 seemed the ones I would have gone for.

[mas99]

V8mate said:

Hi all.

Does anyone actually read the first bit, or do you all just scroll straight to the pretty pictures?


I do. Great reports. Thanks very much!

[agentsmith]

thanks a lot for the efforts here!!

the 56 plate focii ST3 looked like reasonable value to me...

[Zippee]

What is it with Saabs? 2nd hand they seem real bargains.

Can't wait for the prestige sale now...

[internet-carlot]

I certainly fall into your observation of the independent dealer.

Thanks again V8Mate, I would not have the concentration or the will to provide such an informative and accurate report

Out of interest, did you note what the bread and butter was making?

[LeighW]

Meh, those CLS seem to be fetching decent money.

Edited by LeighW on Thursday 15th January 16:00

[Office_Monkey]

mas99 said:

V8mate said:

Hi all.

Does anyone actually read the first bit, or do you all just scroll straight to the pretty pictures?


I do. Great reports. Thanks very much!

Me too Always well written

[TonyHetherington]

A question from someone who's planning on going to an auction once my Exige is gone;

Let's say I bid on something at £10k, but the reserve is £12k. so it's provisional. How long does the seller have to either go down to my £10k bid or for me to negotiate up?

I ask because, let's say I bid on something that doesn't meet the reserve; because it hasn't, I might want the next car that comes along and so want to know I'm able to bid without having to buy two cars (if you see what I mean?)

Thanks

PS: Great report as usual, thanks for effort

[andymc]

i assume private sale on the evo 8 means just that? a punter putting his own car through or is it a trader trying to shift unwanted stock? is it the 280bhp model?
many thanks again for the update, i was at Manheim yesterday in Washington (tyne and wear), there was car that would have interested you guys, a 1 year old 335cd, 3.5k on the clock, went for 18 grand

[internet-carlot]

TonyHetherington said:

A question from someone who's planning on going to an auction once my Exige is gone;

Let's say I bid on something at £10k, but the reserve is £12k. so it's provisional. How long does the seller have to either go down to my £10k bid or for me to negotiate up?

I ask because, let's say I bid on something that doesn't meet the reserve; because it hasn't, I might want the next car that comes along and so want to know I'm able to bid without having to buy two cars (if you see what I mean?)

Thanks

PS: Great report as usual, thanks for effort

The auction house will talk to the vendor and let them know the bid. They may stick to their guns, sell you the car or be prepared to have a deal.

Unfortunately there is no time limit set upon them to do it but if you keep hassling the guys at the desk they will try and chase it up for you whilst the auction is still going. However, there have been many times when I have had to leave only to have it accepted and come back the next day.

It is also a pain that you could go on a Monday and bid that amount and have no joy, go back the following week and they may sell it to you. Depends on the vendor, time of the month, distance from reserve etc etc.

[hugoagogo]

LeighW said:

Meh, those CLS seem to be fetching decent money.

Edited by LeighW on Thursday 15th January 16:00

they START at about 26,000€ in germany, with 150-200k km on them

E500 estate, €20k, again with big miles

you lot have such cheap cars, it's untrue

Edited by hugoagogo on Thursday 15th January 16:10

[V8mate]

TonyHetherington said:

A question from someone who's planning on going to an auction once my Exige is gone;

Let's say I bid on something at £10k, but the reserve is £12k. so it's provisional. How long does the seller have to either go down to my £10k bid or for me to negotiate up?

I ask because, let's say I bid on something that doesn't meet the reserve; because it hasn't, I might want the next car that comes along and so want to know I'm able to bid without having to buy two cars (if you see what I mean?)

Thanks

PS: Great report as usual, thanks for effort

I have faced that very situation of liking two cars rolling quite close to each other. The simple answer is that, without a trade account, you need to make up your mind in advance about which one you want.

Upon provisionally winning a lot, you still have to pay the £500 deposit (cash or debit card). Responses take from 1-4 hours; maybe they'll come down, maybe they'll try and negotiate, maybe they'll stick firm on their reserve. No way of calling it. And your deposit is kept until it's settled one way or another.

A £10k bid will not be provisional against a £12k reserve car. An £11,600 bid would be.

[amar7274]

That smart forfour was a Brabus not a passion model, it was serously cheap.
I'm looking for a silver one.

[TonyHetherington]

V8mate said:

A £10k bid will not be provisional against a £12k reserve car. An £11,600 bid would be.

Thanks for answer!

Interesting last line though - so when my bid is deemed the highest, does the auctioneer state at that very point whether it's provisional or not?

And I can't believe I'm asking this but I genuinely don't know the answer; I assume reserves are not known prior to auction, only after?

[V8mate]

internet-carlot said:

Out of interest, did you note what the bread and butter was making?

Erm... I had some toast before the sale. Was proper cheap. Tea was a bit strong

I thought I had included more bread and butter cars today Mercs are just taxis and agricultural vehicles, right?

To be honest, I tend to wander away from the streams of Fiestas and Peugeot 207s (though I did include one^^). All I did notice was that the hammers weren't dropping very much today.

Following some feedback on these threads, I'm popping back this evening for the cheap 'n' cheerful auction; see what's about for pocket money. Will post some results later tonight or tomorrow morning.

[V8mate]

TonyHetherington said:

V8mate said:

A £10k bid will not be provisional against a £12k reserve car. An £11,600 bid would be.

Thanks for answer!

Interesting last line though - so when my bid is deemed the highest, does the auctioneer state at that very point whether it's provisional or not?

And I can't believe I'm asking this but I genuinely don't know the answer; I assume reserves are not known prior to auction, only after?

They generally mention whether you're 'close', 'provisional' or 'very provisional'. If the top bid against a car with a £12k reserve was £10k, they would pass the car through 'UNSOLD'.

Happened quite a lot today!

Reserves are never disclosed, unless you are the provisional winning bidder.