Dates for the next British...
Dates for the next British Motor Show have been announced. The event will be held at the ExCeL centre in London"s Docklands from 20 to 30 July 2006. A spokesman for show organiser the Society of Motor Manufacturers and Traders said the dates were chosen to coincide with the start of the school summer holidays.
WITH car prices in the...
WITH car prices in the doldrums at the moment, youň€™d think there would never be a better time to head down to your local auction house and bag a bargain.
Thatň€™s what Auto Express reader Robin Hopes had in mind when he visited the BMW sale at his local British Car Auctions (BCA) site last month ň€“ but he was in for a shock.
Robin, from Bedford, had scanned the classified ads and price guides to get an idea of the value of the car he was after. With a budget of ŇŁ20,000, he expected to drive away in a second-hand BMW 6-Series.
ň€śI was shocked when all five of the models I was interested in were sold for more than the recommended price ň€“ and that was before the auctioneerň€™s fee had been included!ň€ť Robin told us. ň€śI expected to find a bargain at auction, but I could have gone to a dealer and got a near-identical car for less money.ň€ť
We found a 2006 BMW 630i convertible, with 15,000 miles on the clock, in the classifieds. It was on offer for ŇŁ22,990 at a dealership in Harrogate, North Yorkshire. Robin told us that an identical 630i convertible made ŇŁ26,700 at BCAň€™s auction ň€“ not counting the auctioneerň€™s fee.
We quizzed the firm, and a spokesman said: ň€śThe market was more bullish in January ň€“ so values crept up.ň€ť However, an official from rival Manheim explained: ň€śDealer group sales often have higher conversion rates and values than with conventional sales. Or it could be that traders at the sale were buying models to order, for a customer with a set budget.ň€ť
Auto Express also spoke to Jeff Paterson, from trade bible Glassň€™s Guide. He told us: ň€śThe used car market is healthier than it was last year, so values are strengthening. But auction has traditionally been the cheapest way to buy.
ň€śPerhaps that particular car had a very high spec, or it was bought by a dealer when values were at their lowest, and he had simply waited until the market strengthened and sold it on for a bigger profit at auction. ň€śHowever, if you can find a cheaper car at a dealer, thereň€™s no reason not to go for it.ň€ť