Tom hogan liquidation auction

manta356 · 14-08-2009 9:51pm #1

Anyone going to this auction tomorrow.I'd be interested to know how much the 2008 landcruiser amazon fetches.I see theyre listed at €140,000 new,will it be a cheap 4x4 for someone.:rolleyes::cool:
The €2100 a year tax would be a killer though:eek:

galwaytt · 14-08-2009 10:00pm

I'm there, - what lot no is it ?

manta356 · 14-08-2009 10:31pm

Lot 30.
Also check lot 28 mercedes ml 280 jeep.
Thanks

rocky · 15-08-2009 12:05pm

Lot 30 - 65k
Lot 28 - 28k

DanGerMus · 15-08-2009 12:12pm

Wheres it on lads any links?

rocky · 15-08-2009 12:20pm

http://www.eauctions.ie/pages/currentsales/tom-hogan-motor-group-in-voluntary-liquidation.php

Was this morning at 11

ronnie3585 · 15-08-2009 12:29pm

Anyone know what the 964 went for? (Lot 20)

rocky · 15-08-2009 12:49pm

16k

ronnie3585 · 15-08-2009 12:54pm

rocky wrote: »

16k

:eek:

A steal!

manta356 · 15-08-2009 2:11pm

rocky wrote: »

Lot 30 - 65k
Lot 28 - 28k

Cheap jeep at €65k,new one listing at €140k.Big depreciation that:eek:

rocky · 15-08-2009 2:39pm

Is the engine the only difference between the V8 140k one and the 3.0 D4D passenger starting from 61k ? And 2 extra seats...

manta356 · 15-08-2009 3:07pm

The 3.0 d4d is the normal landcruiser,The amazon is a bigger jeep bodywise and enginewise.

ninty9er · 15-08-2009 3:08pm

rocky wrote: »

Is the engine the only difference between the V8 140k one and the 3.0 D4D passenger starting from 61k ? And 2 extra seats...

No, it's a different beast altogether. I went to bid on the Amazon hoping there'd be no interest, but it went well above what I was set as a budget.

The RX400h went for €20k and the RX300 for €17k. The 04 XTrail was about the only bargain at €7.5k

The small stuff went for mad money. There's dealers out there that'd bite the hand off you if you offered some of the prices paid there today for auld crap. €1750 for a 00 Corsa, €2750 for a 99 Yaris.

The uncle was there with 8 other Toyota dealer principals, not one of them bought anything. They'd be glad to be GETTING the prices people were paying for stuff.

A lot of people got carried away with the idea of an auction methinks.

I left after lot 35 went. There must be a phase 2 of this liquidation as 67 vehicles couldn't possibly be the remains of 4 main dealer forecourts.

manta356 · 15-08-2009 3:10pm

Was there many bidders on the amazon ?

MAYOMICK · 15-08-2009 3:22pm

Looked at both Yaris's yesterday They were rough enough with high mileage.Good tyres though

mickdw · 15-08-2009 3:35pm

ninty9er wrote: »

The small stuff went for mad money. There's dealers out there that'd bite the hand off you if you offered some of the prices paid there today for auld crap. €1750 for a 00 Corsa, €2750 for a 99 Yaris.

The uncle was there with 8 other Toyota dealer principals, not one of them bought anything. They'd be glad to be GETTING the prices people were paying for stuff.

A lot of people got carried away with the idea of an auction methinks.

I left after lot 35 went. There must be a phase 2 of this liquidation as 67 vehicles couldn't possibly be the remains of 4 main dealer forecourts.

When Hogans closed, nearly all the cars had stickers put on them saying 'property of Bank of Ireland finance'. All these would have been removed so I suppose this auction is only the other stuff that was left. All the newer stuff must have been BOI finance owned.
Its seems to be a trend now with so many private buyers at auction that cars are going much closer to retail price than ever before. All this crap about cars gong for 50% of the true value is bullsh1t. Fair enough, something very expensive will take a big hit but anything mainstream will make its money still. Stuff still within manufacturer warranty was making about 95% retail at merlin last time I was there.... Too much really considering after all it is an auction with all associated risks

ninty9er · 15-08-2009 3:42pm

manta356 wrote: »

Was there many bidders on the amazon ?

6 or 7

Berty · 15-08-2009 3:48pm

nintey9er,

What year were the RX's?

ninty9er · 15-08-2009 3:55pm

06

http://www.eauctions.ie/pages/currentsales/tom-hogan-motor-group-in-voluntary-liquidation.php

ikillcopiers · 15-08-2009 5:57pm

ronnie3585 wrote: »

:eek:

A steal!

A couple of us called in this morning to have a look at that
964, and I can assure you, whoever bought that is in for trouble!

Asides from the fact that it's not the original colour,
(paint code on the chassis says it should be blue whereas it's been
resprayed slate grey, decent job mind you)
the engine is going to need to be rebuilt very soon.

It's an '89, and they are known to leak.
Guy I was with knows these cars inside and out, he pulled out the dipstick
and it was way too low (yes, I know aircooled are normally checked
running, it should be at a certain level whilst cool none the less).
Oil was span new, which is suspect enough, so our bud stuck his
hand in underneath for all feel and the whole undertray/sump guard was
covered in oil.
Reason the oil was changed was so when the car moved it didn't leave
a big black mark on the forecourt to show its sins!

The guy who bought it *might* get lucky with a top end rebuild,
but he paid waaaay over the odds.
A minter 964 up north would go for 16k sterling.

Fella I was with got a full engine rebuild on one of his cars,
cost him 6k sterling, and that was him helping the guy at it.

Most of the stuff in that auction was the crap that the other dealers knew
they wouldn't be able to shift!

Curious Geroge · 15-08-2009 10:14pm

Anyone know the prices for

Lot 17 : Audi A4 Convertible ? and Lot 19 : Lexus IS220D ?

rocky · 15-08-2009 10:27pm

Curious Geroge wrote: »

Anyone know the prices for

Lot 17 : Audi A4 Convertible ? and Lot 19 : Lexus IS220D ?

If my memory serves, the audi went for 17.5k and the lexus 20k

galwaytt · 15-08-2009 11:37pm

ronnie3585 wrote: »

:eek:

A steal!

...are you nuts ? - that was nuts money. I looked at the car in depth on Friday, and my ceiling for it - based on having owned a 911 before - was 8.5k. And that at a push.
Remember, no history, no handbook, colour changed, no spare key, no spare alarm fob, mix'n'match cheap tyres, oil leaks, water on the floor of the boot - and I don't mean condensation - I mean a pond. A good one, with all of the above (bar the water!) would only cost you 14k.

Pure mental.

If you think 16k for that was a steal, you must think my 968's are free ! (and they're a nicer car to drive, too.......). I'll even give you a choice of manual or Tiptronic !

galwaytt · 15-08-2009 11:58pm

....all of which makes you wonder.........

First of all, there's no shortage of customers, buyers.
Secondly, a large bunch of them have cash.
Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?
Fourthly - theres a market for absolutely everything. From overpriced learner tat, to crazy annual-tax V8 SUV's, and everything else in between. But how in the hell to find them when you want them ???

unkel · 16-08-2009 12:08am

galwaytt wrote: »

....all of which makes you wonder.........

First of all, there's no shortage of customers, buyers.
Secondly, a large bunch of them have cash.
Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?
Fourthly - theres a market for absolutely everything. From overpriced learner tat, to crazy annual-tax V8 SUV's, and everything else in between. But how in the hell to find them when you want them ???

Gotta agree with that. Those prices fetched at auction that were posted here were strong, very strong. 65k for the Toyota landcruiser is unbelievable money :eek:

ikillcopiers · 16-08-2009 12:16am

galwaytt wrote: »

Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?

I reckon it's fella's out at those auctions that don't have a notion
what those cars are actually worth.

They're out there, talking crap and when the bidding starts they can't
stop themselves, like gambling!

They'd have no notion of buying something like that from a dealer,
they go in, bid on it at a low price and then "they have to have it".

Maybe you should ask one of the guys in Hogans nicely and get
him to throw in one of your 968's at the next auction (do set a reserve of course!).

You might get lucky!

Big Nasty · 16-08-2009 1:25am

galwaytt wrote: »

....all of which makes you wonder.........

First of all, there's no shortage of customers, buyers.
Secondly, a large bunch of them have cash.
Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?
Fourthly - theres a market for absolutely everything. From overpriced learner tat, to crazy annual-tax V8 SUV's, and everything else in between. But how in the hell to find them when you want them ???

Have an auction!

rocky · 16-08-2009 2:03am

galwaytt wrote: »

....all of which makes you wonder.........

First of all, there's no shortage of customers, buyers.
Secondly, a large bunch of them have cash.
Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?
Fourthly - theres a market for absolutely everything. From overpriced learner tat, to crazy annual-tax V8 SUV's, and everything else in between. But how in the hell to find them when you want them ???

Yeah, all dealers should have auctions.

Wasn't there an extra 7.5% on the hammer price? so the V8 landcruiser would be almost 70k cash...

ninty9er · 16-08-2009 2:15am

galwaytt wrote: »

....all of which makes you wonder.........

First of all, there's no shortage of customers, buyers.
Secondly, a large bunch of them have cash.
Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?
Fourthly - theres a market for absolutely everything. From overpriced learner tat, to crazy annual-tax V8 SUV's, and everything else in between. But how in the hell to find them when you want them ???

There were between 1500-2000 people there. I turned to one guy and said "If they had a crowd like this paying these prices 6 months ago they wouldn't be closed now"

ninty9er · 16-08-2009 2:18am

manta356 wrote: »

Anyone going to this auction tomorrow.I'd be interested to know how much the 2008 landcruiser amazon fetches.I see theyre listed at €140,000 new,will it be a cheap 4x4 for someone.:rolleyes::cool:
The €2100 a year tax would be a killer though:eek:

Tax is €1566, it was registered last February 12 months.

I do get a sneaking suspicion that "the lady in pink" that bought the ML may have been Frank Hogan's wife. I thought I saw them arriving, but I can't be sure.

Bearcat · 16-08-2009 2:21am

horses for courses galway tt re whats a better drive...if those 968 whips were so good they'd be gone yonks ago. Like the 964 being a glorified vw unfort the 968's are keepers....sorry.

snowman707 · 16-08-2009 8:16am

ninty9er wrote: »

There were between 1500-2000 people there. I turned to one guy and said "If they had a crowd like this paying these prices 6 months ago they wouldn't be closed now"

Oh yes they would.

they would sell a lot of toyotas to make up the loss on the €18 million site they bought, now worth about €3 million max.

rco2000 · 16-08-2009 9:19am

galwaytt wrote: »

....all of which makes you wonder.........

Thirdly - and this is the confusing bit - how come the dealers can't get these people to buy the same stuff at, hilariously, lower prices, off their forecourt ?

Very simple - the general public do not trust car dealers after all the sh*te service & shady treatment many got from them over the "tiger" years for their over-priced cars.

Berty · 16-08-2009 10:43am

ninty9er wrote: »

I do get a sneaking suspicion that "the lady in pink" that bought the ML may have been Frank Hogan's wife. I thought I saw them arriving, but I can't be sure.

Why not buy one from her husband at cost?

Is it because she knows he is a d*ckhead to deal with?

(as dealerships go)

stevenmu · 16-08-2009 11:58am

Why pay cost price when you can pay liquidation price instead

galwaytt · 16-08-2009 12:10pm

ikillcopiers wrote: »

.....Maybe you should ask one of the guys in Hogans nicely and get
him to throw in one of your 968's at the next auction

...when the SO heard what the 964 got yesterday, that's what she said - would have been a good idea !!

galwaytt · 16-08-2009 12:20pm

snowman707 wrote: »

Oh yes they would.

they would sell a lot of toyotas to make up the loss on the €18 million site they bought, now worth about €3 million max.

Indeed - it's not the car business that sank them. The car business was leveraged against a whole bunch other stuff.

On the upside, the lads from eauctions had a great day yesterday ! It's an ill wind doens't blow someone some good, as they say.........!

....I wonder.........any lots unsold from yesterday ?

ronnie3585 · 16-08-2009 12:56pm

galwaytt wrote: »

...are you nuts ? - that was nuts money. I looked at the car in depth on Friday, and my ceiling for it - based on having owned a 911 before - was 8.5k. And that at a push.
Remember, no history, no handbook, colour changed, no spare key, no spare alarm fob, mix'n'match cheap tyres, oil leaks, water on the floor of the boot - and I don't mean condensation - I mean a pond. A good one, with all of the above (bar the water!) would only cost you 14k.

Pure mental.

If you think 16k for that was a steal, you must think my 968's are free ! (and they're a nicer car to drive, too.......). I'll even give you a choice of manual or Tiptronic !

Didn't realise it was so ropey, didn't get a chance to look at it but was led to believe it was straight - obviously not!

ninty9er · 16-08-2009 4:12pm

snowman707 wrote: »

Oh yes they would.

they would sell a lot of toyotas to make up the loss on the €18 million site they bought, now worth about €3 million max.

That loss doesn't exist. Why do people not understand the difference between a contingent liability and an actual one:rolleyes:

Berty wrote: »

Why not buy one from her husband at cost?

I was more thinking it may appear on his forecourt on Tuesday evening.

[-0-] · 16-08-2009 6:24pm

Any idea what Lot 20 went for?

ninty9er · 16-08-2009 6:36pm

All figures in Euro
Lot number

2750
2750
2300
2250
2750 (heap of complete ****)
1750
3750
4000
4500
5000
3400 (good luck to that buyer)
4250
1750:rolleyes:
4000
5750 (not bad condition for a 307 really)
11500
17500
16000
20000
16000
11000 (wear on the door suggested more than 58k kms though)
10000
11750+VAT
7500
17500+VAT
17000
6000
28000
20000
65000
9000
7000
8750

I left after that.

ninty9er · 16-08-2009 6:39pm

unkel wrote: »

Gotta agree with that. Those prices fetched at auction that were posted here were strong, very strong. 65k for the Toyota landcruiser is unbelievable money :eek:

Unbelievably cheap. Carroll and Kinsella have one on their forecourt listing €99k and after speaking to the salesman, I can believe they're taking a hefty loss on it at that. It's never left the forecourt for anything other than a test drive.:eek:

McCoy's have one for €79k, but one can only assume they traded it if they can afford to let it go for that price.

knifey_spoonie · 16-08-2009 7:19pm

TBH the prices i seen there yesterday were crazy, most of the cars had seen body work at some point in there life that is 220d got the whole side painted.

The reason why dealers arent selling cars like the ones there is because the car that were there in all honesty were not retail cars bar maybee 10-15 of the 70.

No dealer who takes his job seriously would sell the cars that were on show there.

rocket1 · 16-08-2009 8:03pm

Did anyone see what Lot 44 Peugeot 407 made,

Cheers

pablodunlop · 16-08-2009 8:07pm

knifey_spoonie wrote: »

TBH the prices i seen there yesterday were crazy, most of the cars had seen body work at some point in there life that is 220d got the whole side painted.

The reason why dealers arent selling cars like the ones there is because the car that were there in all honesty were not retail cars bar maybee 10-15 of the 70.

No dealer who takes his job seriously would sell the cars that were on show there.

I know the buyer of that, he's picking it up tomorrow afaik. Was 20k a good deal?

Curious Geroge · 16-08-2009 8:24pm

ninty9er wrote: »

All figures in Euro
Lot number
..
[17]17500
..
I left after that.

This was the Audi A4 Convertible (and the most basic model at that).. Bloodly hell, where are these buyers ???

http://www.eauctions.ie/pages/gocart/audi-a4-convertible-1.8-litre-petrol821.php?p=15

I've been looking to sell a BMW convertible for almost 6 months with a cheaper price tag and having no luck. Anyone know where these buyers are based (and how to get there attention

)..

[-0-] · 17-08-2009 9:17am

16k for Lot 20 is a bit steep to be honest.

unkel · 17-08-2009 10:39am

ninty9er wrote: »

Unbelievably cheap. Carroll and Kinsella have one on their forecourt listing €99k and after speaking to the salesman, I can believe they're taking a hefty loss on it at that. It's never left the forecourt for anything other than a test drive.:eek:

McCoy's have one for €79k, but one can only assume they traded it if they can afford to let it go for that price.

It's dealers that still use that old system of "how much it stands them" that are going down. The sooner they adopt a more realistic system of "how much they will be able to sell it for in the real world" the better chance they have of survival.

RMM555 · 17-08-2009 6:49pm

ninty9er wrote: »

No, it's a different beast altogether. I went to bid on the Amazon hoping there'd be no interest, but it went well above what I was set as a budget.

The RX400h went for €20k and the RX300 for €17k. The 04 XTrail was about the only bargain at €7.5k

The small stuff went for mad money. There's dealers out there that'd bite the hand off you if you offered some of the prices paid there today for auld crap. €1750 for a 00 Corsa, €2750 for a 99 Yaris.

The uncle was there with 8 other Toyota dealer principals, not one of them bought anything. They'd be glad to be GETTING the prices people were paying for stuff.

A lot of people got carried away with the idea of an auction methinks.

I left after lot 35 went. There must be a phase 2 of this liquidation as 67 vehicles couldn't possibly be the remains of 4 main dealer forecourts.

As a matter of interest how much would you have gone to on the amazon???

ninty9er · 17-08-2009 9:44pm

RMM555 wrote: »

As a matter of interest how much would you have gone to on the amazon???

€32k. I know that's ridiculously low, but nobody from the trade would have touched it with a bargepole.

ninty9er · 17-08-2009 9:47pm

unkel wrote: »

It's dealers that still use that old system of "how much it stands them" that are going down. The sooner they adopt a more realistic system of "how much they will be able to sell it for in the real world" the better chance they have of survival.

If you're a high end dealer, there's only so much "what can I get for it" you can do before you've eaten €500k into your reserves.

Tom hogan liquidation auction

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