Categories:
By
Steven Lang on March 4, 2013
When you have 120 dealers looking at the same exact car on a Monday morning, you have three options if you plan on buying a car.
1) Bid
2) Watch
3) Leave
After I saw a 2003 Infiniti FX35 with 220,558 miles sell for $9100 plus the auction fee, I left for good.
(Read More…)
By
Steven Lang on July 4, 2011
A 1991 Chevy Caprice in faded battleship grey went for $3000 at last week’s sale. It had only 37k miles. But none of the bells and whistles that would make such an old timer truly desirable. Now the 1996 Chevy Caprice with 71k and leather was a completely different story. Garage kept. No paint fade. All the bells and whistles in good working order. I was expecting around $5000 for this ancient beast.
It went for $5100. Truth be told this was the first auction with relatively decent prices in a long time. The 4th of July makes at least some of the dealers go away which was more than OK with me. I got four cars today. None of which were anything special.
(Read More…)
By
Steven Lang on May 16, 2011
Some folks say that stupidity is doing the same thing over and over again and expecting a different result.
Well, those folks have never been to an auto auction. Today we had over 95 dealers doing the same thing over and over again. Looking at a vehicle. Bidding it up to the nether-regions. Hoping that profit will come back via retail or buy here pay-here. Carmax has cutthroat middle-fingered competition at their dealer auctions and the prices reflect the screwing mentality that will likely be passed onto the bad credit consumer.
(Read More…)
By
Steven Lang on May 2, 2011
Wanna buy a Hummer? You can buy them as cheap as dirt these days. There was a beautiful one that went through the block at a weekly public auction in Oakwood, GA. Nice leather interior. Well kept. The H2 models in particular were an easy piece to market and sell not too long ago… but not last Thusday. It no-saled. Not even the hope of a bid at $13k. Then came the H3. No sale at 10k. No takers. Only two no-sales from new car stores that generally sell everything. Why?
(Read More…)
Recent Comments
Whuffo2 - No matter what you buy, it’s a depreciating asset. As its value declines, it’ll want repairs, insurance, taxes, etc. Owning a car is more...
Whuffo2 - You’ve never actually done it, have you? Those older cars need more maintenance more often than modern vehicles. I can guarantee you that if you had this car in...
rpn453 - “Electric cars accelerate faster than ICE cars.” What an absurd statement. Which electric cars accelerate faster than which ICE cars?
walker42 - I heard Steve Lang quit today over the “dyke” article by Bertel. I was going to post in that thread to ask if it was true but the comments have been...
SteveRenwick - Ensure that the car is in the proper gear upon entry. I drove a rental Fiesta in Engalnd once which had an annoying tendency to go into third instead of...
CJinSD - Funeral cars are set up with all the seats facing forwards so mourners don’t have to make eye contact with one another.
CJinSD - “According to IIHS, 25% of all fatalities in front collisions happen when the overlap between the two cars is small.” Which...
APaGttH - The Karma is a lot, ugly is not one of them
jeffzekas - Easy way to import Gray Market Landies: before shipping, remove the motor. Now, it is “car parts” and not a car....
bigtruckseriesreview @ Youtube - I’m 6’6 so it ANGERS ME seeing all these “supercars” being built for “small men” who need something...