Good video. You've done what Car UK KZfaq channel does and give the retail estimates and the actual price the car sold for at the auction on the screen, which is a really nice touch to these car auction videos.

It's certainly crazy. In Australia a 2010 Hyundai getz that pre covid sold for maybe 3k are now selling for 7k plus with high ks. Just nuts. Love the channel. Keep up your great work

What a great vlog James. Really enjoyed it. Glen

Great video and content. You gave us the info for selling prices with fees and how much they are worth. Keep the content coming

I love auctions. You get the best bacon (or sausage, if you're lucky) sandwiches at auctions. I used to sit there all day - (in the 90's) as an enthusiast - writing down the prices they went for! It didn't take long before I could price a car as it drove in! Loved the banter at the less polished sale sites. Miss those days. I have about 12 years worth of Parker's Price Guides in my garage 1985 - 97 if anyone wants them!

Happy New Year! 🎉 It’s nice to see you back at it (KZfaq). Good stuff as usual.

Those winds are crazy fun for short journeys. Brilliant little buzz bombs. Like a modern X1/9, or something.

It would be interesting to see were and how much some of the cars end up being retailed at. £500 buying fee,plus what ever the seller has to pay, like a casino, the auction house is making all the marbles with no kick back on the cars.

Happy new year mate hope you are doing well. As always keep up the great content 🎉🎉🎉

First time I have watched one of your videos, really liked it, the way you show the purchase and retail prices with margin is great. Subscribed to your channel now. Any chance you could include the CAP poor. average and clean prices in the presentation graphic please in future vids?

crazy margins for sure but that Seat looks like great stock, cant wait to see the video

Good way of showing the sales / prices / margins mate . When u mentioned what you need that focus for I thought no chance will that go that cheap .

Another good video chops 🚘🚙🚗👍👍👍⭐️⭐️⭐️⭐️👏👏👏👏👏

Totally crazy madness, how on earth can you make any money on any of these cars plus the fees then any work you got to do to them . Been doing this 32 years and never know prices like this . Excellent video James 👍

Typical auctions James, a bit like casinos, the house is the only winner. Same in this country (Ireland). Maybe the problem is that innocent private buyers are hovering up stock thinking they're getting a bargain. There is also another theory about prices being driven up crazy high and that is that some buyers (not the houses) are buying stock to launder cash, hmm. Great video James

40yrs in the trade and counting, Simply won't buy at BCA because of their fees if you don't buy the numbers, Polo, Corsa, Fiesta, VW Up, 108 etc etc ..... people are bidding ridiculous money at auction, my solution? I still do what I did 30yrs ago, I travel up north to independent auction houses, and with delivery fees, the lower prices, and charges still makes it worthwhile, however, I have been doing it a long while so I know my areas and where to buy to ship back down south, did I say I hate small Vauxhall and Ford etc 😮 Price range ones are never looked after yet still make big money, me ? I'd rather buy a BMW or Mercedes, AND you're not dealing with spoilt brats that want every extra in the best colours that can connect to the latest Apple i Phone ( which most can't ) and all for under £3,000 ! ...... Carpe Diem my friends.

Great video James 👍👍👍

Great video bud, felt very fresh.

Enjoyed that one - something a little different!

It is not just clickbait. You deliver as always, James. 😊 It is a little bit ridiculous when the selling price is low but the b2b price high. 🤔 @6:26 I guess it is big dealerships with lots of inventory who can either "eat the costs" to promote their business or use an upsell strategy.

Nice video James, I was having this conversation with my brother the other day, I was showing him how I end up losing all my hard earned cash buying cars at the auction 😁 I was explaining how a £1500 margin soon disappears, and he said he thinks I'm doing too much prep! I can only agree with him, and the people buying these cars must be washing them and selling them and doing zero prep. That's the only explanation I can give.

I've just sold a micra for 220 quid profit mate, it's a wage, at least not a loss or be stood for mths, tried it for 300 quid more but no bites.

👌👌As always top-quality stuff 👌👌

January always been high at the auction bud, the last sale before Christmas they were giving them away, I bought a few, every car was bottom cap guide, then boom after Christmas it's top cap clean, or a lot more, I'll make sure I've got some space to stock up next Christmas.

Lee from the car pitch seems to do ok at the aston barclay auctions . Buys at the cheaper end , does some prep and then straight out the door . Smallish margin but quick turnover . Higher priced stuff sticks around too long

Re your question, they're selling higher so they get acceptable margin and people are snapping the small cars up especially automatics... that's what i think anyways... I was offered £300 for my Citroen C1 in part ex last year so I politely declined. It's only done 33k miles and is a super little car to have on Standby.

You ought to do a deal with Manheim to film their auctions. It would benefit them and they should give you a discount on the fees.

I bought my 2009 Ford Focus at an auction a decade ago. I still haven't replaced the missing centre caps! Maybe given the prices, some of these cars (as with my Focus) are being bought direct by individuals not trade?

That Renault is a sweet little car. I have an RS Twingo 133 and as good as the engines are, I have had an issue with cylinder 3&4 spark plug being corroded in situ due to water ingress because of the bad windscreen cowling. Not sure if these cars suffer the same, but the engine is a great unit.

good to see an auction video

My guesses - buying for someone, hiking up the retail price, cutting corners on prep or buying to keep business ticking over with sales and breaking even as a garage with zero stock would be a bad look wouldn’t it.

Around 2 1/2 years back I was looking for a first car for a friend and found a 10 plate Citroen C1 with under 50k on it going for £1750 in a private sale, we got the seller down to £1500 and she still has the car. The prices today on small cars are ridiculous.

Its all about the small cars at the moment. All those that couldn`t do driving lessons and driving tests during covid are all on it now. The DVLA test centres are working overtime so are the instructors. Its mental. So all the used small cars are making money. Auto Trader needs to catch up with the market. Similar to when used caravan and camper van prices went through the roof because nobody was going abroad to holiday. Used car prices on the forecourt will have to adapt or you will be on bread and water instead of meat and veg.....😂Another great vid by the way.....

I'm in Wales and finding there are a lot of bargains at auction, the prices are much lower than expected. Many of the 15 year old cars are being bought by the local breakers yard because the prices are so low. The bottom has really gone out of the 4x4's in my local auction and the SUV's in particular.

Cars under the £5000 are going for crazy prices at the moment why the more expensive cars don't seem to be making the money

just shows how far out cap valuations are compaired to what cars are currently selling for

Il tell you how there's profit in them cars. Dodgy dealers buy em whack a Dodgy ticket on em and sell em on to ppl and when it goes wrong there no where to be seen. Sadly there's not many like you James 😔

Another ace video 👍

i bought a few in december from a large dealer group who has there year end in december, i cant believe how much cars have gone up this month there has been a shortage of cars first 2 weeks of january

I am pleased mate

Used to go to bca in somerset some year's ago with my m8 who was a buyer for a large dealership. He used to say, we might as well go home because the car's were fetching near retail, so nothing new. The best bit of the day was the breakfast. cheers chops

Now you've got an insight to how things are tight using auctions it's time to bin your legendary generosity mate, might be tight deals in future, prep more in house, shorter and much less generous warranties, max it to 3 mths, 1 mth on cheapies, if people don't like it point them to the auction.

I retired 6 months ago in part because I could see the way things were going - no longer worth the effort nor aggravation. In the final months found it better to sell to the trade via Dealer Auction and accept a small profit but no come backs for silly reasons. For example sold an old Corsa which I had taken in Part Exchange for £500 with new Mot. 7 months later buyer wanted me to pay for exhaust back box - when I said no accused me of being a money grabber just out to make money!

People paying almost retail money with auction fees on top. Suppose cars in that cheaper end of the market must be in short supply. 🤔

Anything under the 5k price bracket seems to have a premium price at the moment.

Prices going up , especially little cars .

That wall will have been bidding some of them up

December some good value at co part pre x mas

Good content prices at auction are just crazy at moment in my opinioni think auto trader are going on the prices of car pre covid and cost of living cars have risen im price and they should reflect this on there retail price valuations as i feel its totally unfair on a car trader

I suspect it’s private buyers pushing the prices up ? Everyone’s after a cheap small car with the increasing drive towards EVs which ordinary people can’t afford

Seemed reasonably priced to me. When this ridiculous EV bubble has burst, people will be begging for these small runabouts.

I had a silver Transit Custom Trend, high miles but mint. Bought it 16 plate 104k pre covid for £10400. As you know, van prices went through the roof during lockdown, offered it 18 months later with 132k still mint to a mate of mine for £9500 which I thought was reasonable due to the hike in mileage, and allowing for the price increase because of covid. He bought a metallic blue 18 plate, 84k, for just under £10,100 including fees direct from a well known auction himself, not sure about trade only James, because he is a plumber. These auction houses are making an absolute fortune out of fees for buyers and sellers, it is based on a percentage after all, nothing like in the nineties with fixed rates, so ask yourself how keen the actual vetting process is? Not keen at all I would imagine, the higher the bid, the more they charge. Telephone / internet bidders etc, are they genuine traders? You have said many times 'Trade Only', then why did a plumber manage to buy his van? and why would any auction cut their customer base? I could be wrong, and if I am then I apologize, but is this one of the reasons why it is so difficult to get descent cars to sell?

Wind is essentially a Twingo Roadster, if they'd called it that maybe they'd have sold a few more.

Contact auction, tell em about chops garage and your spending power, maybe 150 cars from them, I'm sure they'll do you a good rate.

Well at least you got one for the stock

Are you getting retail buyers turning up to these auctions willing to pay close to retail prices?

the margins maybe low, but return on capital is 10%+, sell one car a month churning the capital 12 times a year and 100% return. not bad at all when ISA are paying 4/5%.

Perhaps they are buying for themselves?👍

They must be exporting these cars

Theyre going to make money by selling them higher. The low end is going up, probably upto £15k mark, the top is dropping like a stone- pushing more demand downwards.

Those auction fees are a rip off.

I hope you hung around when the seat started bud and gave it a once over, I went to a Norfolk auction on wed for a 435 bmw, 65 plate 120 k, was willing to go to 6k,waited with the car, driver came out another driver said turn it off when you go in it smokes like a trooper, started it up and jet of blue smoke came out like a pressure washer, in the auction hall you could see a blue haze in the air, they were bidding like mad, it did 6100, don't wait in the hall, wait with the car and jump in if possible, try every thing you can, walk tru with it trying to hear any noises. A trader I know just sits there in the hall, I tried a polo, heard it was knocking, he sat there and bought it, say 500 quid, saw him next week and he'd scrapped it, I just nodded and didn't say anything (!)

Jeez those fees are spiteful

2010 Polo is worth between £4 and 5 k? Wtf, I'd have thought a 14 year old car like that would be worth about £1500 tops even with 68k on clock!

You must of thought that focus was worth more than £800 back, with that mileage

Even Wilson auctions selling dealer trade in , all of them will need painting and service, but the prices are far too much for a car that needs a coupe of thousand. That's why it's at auction

People will be paying more because they don't want an EV or hybrid vehicle. Some people at auction are private buyers and will run the car with scuffed wheels and dents they might even repair small dents.

£75 delivery fee is good, auction fee of £573 must be better than retailing the car. Recently the we buy any car at Morrisons car park has been stuffed with those sort of cars you showed ; I can’t understand why the public use them when you must be able to give a better price than the WAC - BCA - dealer, the only thing I can think of the Cinch-WAC-BAC group are trying strangle the market. Venture capitalists call it “ blitzscaling sales “ ; often ends in disaster.

Low miles is always a big premium, that c1 ticks every box, even at say 2700 back at yours, it's an easy 3 and a half, probably no problems, little prep, yes only say 700 quid, but that's still a good wage, forget about informing them of their rights and everlasting warranty, just get it sold. Ideal stock for you bud, for young people insurance is a fortune now so little c1 is like gold, I sold an 07 with 111k on for more than you were valuing that blue on for.

I am guessing dealers are asking way more than Autotrader's estimates

Can see why retail prices are silly when trade price leaves you with such poor profit margin

So are used cars now going up in price and not down?

maybe there were a lot of asians bidding

With fees like that it's no wonder you don't see a hard up auctioneer

I think James you are assuming that these cars are sold to the trade. In fact many private buyers are now using them and the same private buyers are using damaged salvage auctions pushing the prices up.

You had a polo before. You said never again lol

I'd love to find these cars (Not yours Chops) where they end up and what they are up for!

Oh I can insane at the mo but think later in the year the bubbles gonna burst?

I went to anglia car auctions last night, Norfolk, prices weren't cheap.

Good video, but it would of been nice to of panned out so we see the cars you looked at the auction 👍

good video but please use a wide angle next time, cant really see much

Does the seat have a wet cambelt. ?

Enjoyable video, why all of a sudden in this day an age high milage no longer seems a problem 😮

I am as surprised as you are. I assume everyone does their sums like you do.

Garages hoping to make the money on finance commissions.

Wondering if the designer who named the Renault Wind suffered from flatulence ?

It would be interesting to see some of the prices for so called 'quality' cars. How is the market for big old Mercs, BMW, etc. My guess is that they are selling for peanuts.

Current second hand car prices are a joke.

Manheim are supposed to be much better now than BCA they have had massive amount of bad reviews now.

10mins from my home that auction is

Stick with it bud, get lower fees, I'm on 75 cars plus tier fees, usually 180 quid to 300 on dearer stuff, at least you can buy what you want rather than what your given, delivery is OK at 75 quid, a tip is early on cars or towards the end, I scored an auto astra on a 10 for 825,bid last week towards the end, direct main dealer, no faults, quick clean and up for sale, tbh virtually all main dealers put their cars in auctions so you'll just have to get into it, your much better off paying the money for something that ticks all the boxes rather than getting bogged down with all your toys mate, deffo stick with it. Prices are deffo cheaper where I am up north, but your 300 miles away so maybe not practical, I do hear loads of different accents tho so people do travel, big fees are a killer, try to negotiate to get onto the trade buyers rate, atm selling isn't the problem it's buying them, I think where you are you'll sell at any price so just pay the money, don't write off say a smallish profit on an easy flipper in preference to stuffing money into a faulty merc or jag (dig, dig mate)

Maybe Autotrader is valuing cars too low since it's the only common denominator for apparent super low margins

Mazda mx5 check the subframe .

Chops you do your prep and rightly so, but a percentage of the buying public dont? Some dont look at what simular vehicles are selling for ( I known ) and then they just buy. Them who do some homework and see a dearer vehicle think they are getting a better vehicle and we all know that Isn't always the case. If a dealer advertised that a car has had 3 careful owners they believe it even though nobody really knows the the driving habits of previous owners. Because of youtube I know you are an honest chap so in you I trust! Unfortunately some I wouldn't. Regards.

They’re not making money that’s why cars are not selling same cars in the car lot week after week the bubble is going to burst over the crazy prices.

Do you think these are retail buyers who have pushed up the prices by bidding against the trade? 🤔 Hell of a risk to take paying this much if you were a retail buyer

Must be private buyers sneaking in

What's happening about the Jag you want to sell it I buy as is. Whereabouts are you in the country?

seems retail people are cutting out the middleman due to the state of the country.

Maybe it's not traders buying them? Just Joe Public cutting out the middle man.