£3000 Dealer mark up - auction stock

[thedooor]

Went to an auction recently, and Honda Accord sold for £3100 at auction.

I made note of the car details.
Week later, same car was advertised for sale by dealer for £6300.

Not bad work for painting the tyre walls black, and a valet.

Thanking you.

 

[gwailo]

This is typical dealers. A lot of cars that are part ex'd at main dealers end up at the auctions and go for little to small independent dealers which make a large mark up.

 

[toffee_pie]

what accord? 6k is alot, i ***ume a 7th gen?

i seen a late late facelift 7th gen 2.4 but it was nuts money, it was a dealer too.

 

[skinnyman]

The 07 plates seem to go for silly money at dealers, talking £2k+ more than a 55/06 plate

 

[shab_the_man]

Its business guys and they have to make money. Strange thing is they will sell it too at that sort of price. Auctions are are so 50/50 with sometimes having a great buy and sometimes buying someones problems. Suppose the dealers take that risk right and most of the time it pays off but even they sometimes end up with a lemon.

 

[jonhond]

Yes, they did!! With my Volvo V70 d5. 56 reg. £7k to buy. Had it looked over by MRG, Chippenham, the best Volvo garage, and they found up to £4K's wprk needed doing! LOL! Never did proper check, according to MRG, and got bitten big!! I demanded they do repairs or replace. Got £6.2k back so not bad!

However, my trade-in was a Saab 9-5 2.3t Auto estate, 60k miles 06 reg. PX was £2k. I paid £4k 4 months before!!!

hmmmmmmmm....