Can a newbie buy used cars at auction? | AI Car Dealership Project Episode 9
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- čas přidán 27. 03. 2024
- In this episode, James Baggott heads to Manheim's Colchester trade auction to try and buy some used car for his @CleverCarCollection car dealership. Thrown in at the deep end, he gets advice from the senior auction team before going up against the professional car dealers to try and buy some cars.
Join him as he chats to an auctioneer, chats to the team behind the sale and wanders the halls to assess the stock. Can James win in his attempt to buy cars against the professionals? Well, join us in this latest episode to find out.
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Great video James. Just for clarity for any viewers or readers of these comments, the daily auctions at Manheim are only open to trade including the evening auction at Colchester which James attended. Account holders can attend physically at any of their 11 auction site across the UK and if you are unable to attend in person, all auctions are available online via Manheim Simulcast. Manheim hold over 130 auctions per month for cars, LCVs, HGV & Plant with over 9,000 vehicles available each week.
Not all the cars at auctions are junk, but all the junk cars are at auctions.
That Aygo was obscene money
We've bought cars from Mannhiem for almost 30 years until this year when private buyers were not welcome( was wanting to spend upto £16k ) .........well thank you , we will take our trade elsewhere .
Well as a trader I really don’t see why the general public are even allowed in or permitted to view the auction catalogue online. If you want access, become a trader.
@@LCOF Because money is to be made, that's why.
" If you want access, become a trader." Why would you want to become a trader if you just want a project car or something cheap to fix? 🥴Copart allows private bidders, too but with a limited choice, so you have a to use a broker who has a dealers license to get what you want, just like with Japanese vehicle auctions.
Don’t cry @LCOF 😂😂😂
I was a private buyer where i brought my sisters & dads car from BCA wasn't happy BCA stopping private buyers in 2020 although i was out bidding trade buyers just to get my self a bargain for family.
@@jassie3823 traders hate guys like us
Auctions aren't quite the bargain places people think they are. You save on average about £1000-1500 depending on car when compared to a car supermarket but you're also taking a risk.
Auctions are just reflecting how overpriced used car prices are.
Such a shame the public can't go anymore as I used to really enjoy it and purchased a few nice cars. I can understand why dealers don't want the odd privateer driving up prices, but surely the auction houses via their charges still make the same or more?
Excluding the public feels a bit wrong and expressions like anti competitive, closed shop....etc spring to mind. I suppose its the same in other fields don't get me started on part p electrical. Whinge over, nice video
Buy privately you can check the car out property & test driver and check all the electrics Wirk & air on ect and make an offers well below asking prices….
Love auction vids, thanks very entertaining
Was nervous for you watching the video, however perfect insight to auctions thank you great content.
I really was quite nervous! Glad you enjoyed it ^James
i think 1/2 the problem is that you went to the evening auction so there's private buyers there too, ive always found the day auctions to be more sensible when it comes to buying stock.
also in terms of getting your bid seen i find you have better chances using the online services provided, depending on stock funds you could even look around the vehicles in person and place proxy bids online and then wait until you get an email with the invoice of stock won
Really good, well done.
Great post. Just saw loads of low-mileage 2011 Toyota Aygo going for less than £3k on eBay and it sold at this auction for £3.3k. Why would I pay more for a car and get basically a visual inspection... I don't get it. My advice is to swerve the auctions and go in hard with your first offer on a private sale. Most people just want to get rid of their old car so they can get a new one.
Can a member of the punblic buy at auction?
I think I would specialise in one brand as I would be able to build up a strong knowledge of the different trims, problems and values. I’d also end up with a stack of spare parts that can be used across the board. But I have no intention of dealing with the general public and their money as I like to sleep at night! Always an interesting watch.
'I can smell bacon'??!!! Was that a reference to the place looking like a police station/custody centre like on cops programmes?🤔😆👊
When was this £4100 for a 61 plate Fiesta way over priced. 12 plate with about 70.000 miles on about £3000
New subscriber 👍👍
The problem with FaceTiming John is he’s usually too shy and when he’s holding the camera he prefers to be hush hush as he’s seeing you eye to eye. Ask him about peroxide and you’ll get a never ending story though.
Don't bid till its on sale. Go to a few auctions and get used to the vibe.
3300 for that old banger wtf
Vehicles at auctions are there for one reason, especially when sent there by a dealer, any guesses why? Simply because the dealer just wants to get rid of them, either to free up space, it isn't worth very much, or most likely - - it's f**ked........ there's a certain dealer sends trade ins to auctions and their cars are nicknamed Arnold's scrap, I'll let you figure out who that is.
Then we get onto the auction house and their staff, cars are there to be sold and you routinely get backhanded comments like "well maintained", low mileage and so on - - - - these comments should be completely ignored as all the auctioneer is doing is maximising their fee............. Don't believe me?? Well put an old banger into an auction and just watch what happens, fuel gets drained, anything of value removed, wheels swapped, then you get hammered with fees, and they'll tell the idiots buying it that it's well looked after even though they've never driven it
If you can smell bacon, there must be police about!
Car auctions…the market is flooded with pros dude.. the chances of you getting anything good is small. The really good stuff the auctioneers make deals with guys that pay them for first dibs.. that’s not supposed to happen but everything is rigged.. anyhow, I wish you luck tho
Zzzzzzzzz
I'm definitely gonna share this