Ricardo auction process etc.

Ricardo auction process etc.

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Mogul

Original Poster:

2,494 posts

182 months

Monday 8th April 2019
quotequote all
Need to part with my Swiss-registered 2011Discovery - ideally, just before the Easter weekend.

I've sold a couple of cars privately through autoscout24.ch before but thought that a Ricardo auction might be worth a go in this instance. I have assumed that it should attract trade buyers - so long as I set the starting price below the Eurotax bottom book.

However, filtering the current offerings on ricardo doesn't fill me with confidence as I haven't seen much evidence of cars selling in the CHF15k plus bracket but it is a crappy website and hasn't obviously changed much in the past 10 or so years.

I have listed before on Autoscout24 and received (sometimes strange) approaches from typical 'export' buyers and I may end up with one of these guys but not sure if they will bid on my auction if they prefer to contact those who are listing on autoscout24.ch?

I'm tempted to list it with no reserve but if there is simply no liquidity (and I could be unable to end the auction early if I find my own buyer in the mean time - I must check this bit!), it may struggle to get up to bottom-book which would be a shame.

Still can't quite understand the Swiss market. There doesn't appear to be a national, or even regional equivalent to WBAC.





crypto

228 posts

200 months

Monday 8th April 2019
quotequote all
Be careful when using the ricardo auction platform. I'm not sure regarding cars (i have sold only once and that is 2 years ago), and this might be different from the standard ricardo auction. In the standard auction platform you can not remove bids, and you must sell to the highest bidder. Just check the terms & conditions wink

looking on https://www.comparis.ch/carfinder/marktplatz there are cars from about 18'000 to 32'000 for your specific model.

If you don't have time and want a ricardo auction, advertise it with the lowest price you can live with in case you get only a single bid. There is WBAC in Switzerland, but since parking space is expensive and there are more cars than demand, you need either patience or a really low price.

The car I sold on ricardo was a VW Passat Station Wagon, 1999 with 240'000 kms. I tried to get rid of it at the junk yard but they wanted pay nothing or max. 50 CHF. So I advertised on ricardo for 30 and it went for 400.

good luck

Mogul

Original Poster:

2,494 posts

182 months

Monday 8th April 2019
quotequote all
Thanks for the link to the Comparis site. I hadn't used that one before. Interesting to see the comparison rating and price development of published adverts... I found this 575M which has been for sale for over 10 years!



I contacted Ricardo and they confirmed that their auction process is legally binding (although not sure how enforceable that is) and there is no right to cancel before the end (as is the case with eBay Motors which isn't popular in Switzerland for whatever reason).

I am not convinced that there is great liquidity on Ricardo (especially over Easter when many folk are away) so I think I will just try Autoscout24 and see who calls up. In the mean time, I will offer it to a handful of dealers.

Do you have any suggestions for a WBAC equivalent?

I found the BCA car auction site but there are just 17 cars listed! There must be another player...

https://ch.bca-europe.com/buyer/facetedSearch?q=&a...



crypto

228 posts

200 months

Tuesday 9th April 2019
quotequote all
I can not really recommend WBAC due to ridiculous prices. In what area are you ?

in the zurich area I know these dealers
http://azw.ch/
http://www.adu.ch/

an internet search:
https://www.autokunz.ch/autos-2/autoankauf/
http://www.swiss-autohandel.ch/


Mogul

Original Poster:

2,494 posts

182 months

Wednesday 10th April 2019
quotequote all
Thanks. P.s. My ad went live today..

https://www.autoscout24.ch/de/d/land-rover-discove...

First offer of CHF15k received within hours...

HIAO

92 posts

52 months

Thursday 11th April 2019
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Potential buyers will be interested in a more recent MFK / expertise.

Your advert lists the last one as 2015.

chandrew

751 posts

168 months

Sunday 28th April 2019
quotequote all
Sorry, late to the party.

I sold our beloved 2003 Subaru Forester XT on Ricardo in 2017. We had done about 280,000km in it. It was one owner, always garaged and serviced at a Subaru dealer. It was also daily slid around on gravel roads at 60 kmh between the Zurich Weinland fields so any impression of a pampered life was an illusion.

We took the view that if we got anything for it that was a positive so listed it at a low rate (can't remember at the moment but I suspect it was CHF 500 or something like that - I took the view that pricing low would encourage interest). It went for CHF 2800 which was at the top end of what we had been told to expect. It went to somewhere like Bulgaria on the back of a flat loader.

My experience of selling stuff on Ricardo is that the last 90 minutes of the auction is where the action happens. I've also sold old DSLR camera stuff and got pretty much what I paid 10 years earlier at Digitec.

I have no knowledge of higher priced stuff but it is pretty low-effort.

Mogul

Original Poster:

2,494 posts

182 months

Sunday 28th April 2019
quotequote all
Thanks.

I ended up selling it to some genuinely nice blokes at AB Motors in Gingins. They appear to have resold it already.

Private sales in Switzerland are not that common and I am sure that I could have got 10-20% more if I had more time but I set myself a deadline and it was time to move it on...

https://abmotors.ch/listings/2011-land-rover-disco...