#Auctions

I live in a nice quaint small town called Powder Springs, Georgia.

The sidewalks are paved downtown and even partially bricked for artistic value. Thanks to a generous donation by the taxpayers. The streetlamps are ornate and well lit thanks to the same contributors.

The old closed down ACE hardware store is now the new police station. The old city hall has been replaced by the new city hall. Even the vehicles that get too old to keep get replaced with shiny new ones thanks to American taxpayers far and wide.

How many miles do you think would it take to replace a car owned by the local city government?

I will admit that I am a Barrett-Jackson Collector Car Auction fanboi. I spent last week in Detroit during the NAIAS, and thus had to skip my annual trip to Scottsdale, Arizona for their auction extravaganza, one of the greatest automotive events in this country. However, amidst all the breathless reporting about Barrett-Jackson selling the original Batmobile for $4.6M, you might have missed the story of a rare fail by the auction giant.

Six years ago I managed to make a $2000 profit on a car without it ever leaving the auction.

A few winks to the auctioneer. A few clicks on a digital camera. A few paragraphs on Ebay. Done. I had managed to purchase and remarket a 2001 Toyota Prius in mint condition with 113k miles. It was near factory clean inside and out. A spanking new hybrid battery. Brand new Michelin low resistance tires, and a maintenance history that showed it had been dealer maintained since day one.

In the car business we refer to these opportunities as an automatic slam dunk.

What percentage of new cars sold this year in the United States have European badges?

Does retail always give you the best return when it comes to cars?

True Miles Unknown. For some folks these three words conjure up the fear of a car with more miles on it than the Grateful Dead. Others simply head on off to Carfax and try to approximate the mileage figure.

I woke up bright and early on Monday morning, 7:00 AM. A wake-up time reserved for maniacs and those who have circadian rhythms that are the exact opposite of yours truly.

Just a 10 mile drive to a neighboring auto auction. A nice stroll to a back lot loaded with 91 cars for the 9:30 AM sale. The beauty of the day seemed to shine before me as I looked at what was supposed to be an immaculate 1987 BMW 524td that had all of 69,000 miles.

The best advice I ever received about cars came from a fellow named Charlie.

He sat me down. Looked right into my 22 year old face and told me,

“You know nothing!”

He was right.

Back in 2004, I was doing a typical East Bay highway commute to my job writing software documentation. Ten miles each way in a Tercel (I had my choice of an ’85 wagon or a ’90 hatch), and the ever-increasing numbers of badly-driven SUVs on the Dreaded Nimitz were making me feel quite vulnerable in my little rice-burners. I needed a more substantial daily driver, and it damn sure wasn’t going to be an 8-MPG truck with 64-ouncer cup holders. What I needed, I decided, was an ex-cop Ford Crown Victoria Police Interceptor!

This market has ceased to make sense.

$7300 (plus auction fee) for a 2003 Honda Accord EX coupe with 220k and a bad rear bumper.

$8800 (plus auction fee) for a 2003 Chevy Tahoe with 102k and scrapes along the side.

$23,800 (plus auction fee) for a 2003 Corvette Z06 with 16k and some really crappy plastic add-on’s.

Keep in mind that last price was well over two grand higher than on Ebay. Same miles. No Wal-Mart quality chrome add-on’s. No interior detail needed.

What the hell has happened to the car market?

149 vehicles were sold in 1 hour. From a 2008 Mercedes C300 Sport with 71k that went for $21,400 (plus fee) to a 1998 Lincoln Town Car Executive with 263k that went for $1,600. Seeing that one go down the line for that price made me feel pretty good. I had bought a mint one with 100,000 fewer miles for the same price the week before. But by the end of the day I felt pretty crappy overall. Why?

Going through my old 2X2X2 35mm stereo slide pairs for posting on Cars In Depth (I’ve been messing around with twin-film-camera 3D for about 15 years now), I came across some shots of the ever-varied fleet of late-80s/early-90s Japanese subcompacts I owned during the heyday of San Francisco’s notorious City Tow car auctions.

When I heard from a certain Renault 4CV racer that the inventory of the ancient Seven Sons Auto Salvage wrecking yard in Brighton, Colorado, would be up for auction today, I headed up there in full bat-outta-hell mode. I don’t really need another Hell Project to piss off the neighbors, but what harm could there be in looking?

Mahmoud Ahmadinejad has but one redeeming quality, and that’s his taste in daily drivers… and now he’s selling it! Yeah, he’d probably prefer to load the thing up with drums full of a VX/ BZ cocktail and crash it into a Tel Aviv nursery school… but, still, the story makes me want to rant about downscale “Man of the People” vehicle choices and the love/hate relationship I once had with my own 504.