Auction - Renault - Bill Cullen

Rida

Cullens cars for auction on sat.

would ya get a 2011/12 Laguna/megane much cheaper than going to an alternative renault dealer.

http://www.wilsonsauctions.com/cars-location/201

handlemaster

Rida wrote: »

Cullens cars for auction on sat.

would ya get a 2011/12 Laguna/megane much cheaper than going to an alternative renault dealer.

http://www.wilsonsauctions.com/cars-location/201

That will be his biggest sales day ever

Stallingrad

I'd say you'd take one of those Lagunas for peanuts, not a bad car either.

handlemaster

Funny enough people seem to go crazy at auctions buying sometimes more that what you get it at the garage for and that's even without a guarantee....

bazz26

The trade will snap up the cream of the crop early on and leave Joe Public out bid each other for the rough or expensive stuff.

handlemaster

I wouldn't think so. If the prices are cheap enough for the dealer to make a profit 'joe public' will get them. As they will be prepared to pay more , not worried about selling them on.

bazz26

It doesn't always work like that though.

I've been to a few auctions and watched how it works. The trade buy multiple vehicles from auctions regularly where as Joe Public comes the odd time seeking a "bargin". Guess which one the auctioneer has his attention on?

handlemaster

Will Jackie be posing on the day

kala85

would all these cars still have the three year and five year renault warrenty on them even though they are being bought at auction. Is there anywhere I can see what price that the cars eventually sell for??

Pottler

I spend my life at auctions, I buy a lot of machinery, tools, vehicles, etc etc, and you can judge the tone of an auction from the get go - if there are loads of bidders sticking up their paws for the same lot the auctioneer will jump the bidding rapidly and the last mug standing (who stuck his hand up at the first low number announced) is suddenly left holding the cat at a high price and is too embarassed to protest.

Lots of private inexperienced bidders equals high prices and few bargains to be had, often you'll get way better value on Donedeal etc.

Anyone who went to Wilsons recent auction of stuff for Sureweld will attest that the prices achieved were excellent and I doubt anyone left with even a glimmer of a "Bargain" - many items sold for close to retail but with no warranty and no comeback. Madness.

colm_mcm

I remember the tom hogan motors auction, a lot of stuff was sold close to our retail price at the time. People looking for a bargain with no idea what they were buying.

Bigus

Mainly Renault stuff so prices might be soft, more than likely cars were fully prepped for retail sale. Traders won't be chasing that Laguna .

Tragedy

http://www4.amstock.co.uk/wilsons/stock/StockDetail2011.aspx?lot=98&sale=12149&stock=offsite&site=dublin&regno=11D25626

Niiiiiice. Always liked the Laguna GT though I have absolutely no idea why.

MuppetCheck

handlemaster wrote: »

Will Jackie be posing on the day

Here's hoping she's not.

krissovo

Tragedy wrote: »

http://www4.amstock.co.uk/wilsons/stock/StockDetail2011.aspx?lot=98&sale=12149&stock=offsite&site=dublin&regno=11D25626

Niiiiiice. Always liked the Laguna GT though I have absolutely no idea why.

What should that realistically sell for at auction? €12k without warranty?

Any guess what it will sell for?

Tragedy

krissovo wrote: »

What should that realistically sell for at auction? €12k without warranty?

Any guess what it will sell for?

Huh? It's a 1 year old low mileage car with manufacturer warranty, why on earth would it sell for €12k?

colm_mcm

Would have thought around €18-€20k anyway

Limited appeal though. I really like them.

Tragedy

colm_mcm wrote: »

Would have thought around €18-€20k anyway

He was trying to flog it for €34k before he went bust. Retail was above €47k new i believe.

I'd say 20ish too!

Heroditas

Pottler wrote: »

Anyone who went to Wilsons recent auction of stuff for Sureweld will attest that the prices achieved were excellent and I doubt anyone left with even a glimmer of a "Bargain" - many items sold for close to retail but with no warranty and no comeback. Madness.

Off topic, but Sureweld in Lucan?
Have they shut?

handlemaster

Rumour has it Granny Smith and the Pink Lady will be bidding on the day. So don't spit your pips out just yet.

MidlandsM

handlemaster wrote: »

Will Jackie be posing on the day

doubt it, they want people to stay........:D

navara man

kala85 wrote: »

any word on how this auction went off today . What were the prices like?

it tomorrow

ljpg

Heroditas wrote: »

Off topic, but Sureweld in Lucan?
Have they shut?

plus one,have they gone?

Casati

bazz26 wrote: »

It doesn't always work like that though.

I've been to a few auctions and watched how it works. The trade buy multiple vehicles from auctions regularly where as Joe Public comes the odd time seeking a "bargin". Guess which one the auctioneer has his attention on?

But this is a liquidation auction with no reserve, so the auctioneers can be taking bids off the walls as they might be left in trouble surely? Also no concession will be given to dealers re commission, so thats advantage private punter.

Looking at the auction list, I would say anybody looking for a 2011 or 2012 Scenic could well there as they are quite a lot to choose from and they will still have the full factory warranty- for some of them that might be another 4 years.

If your bidding decide in advance what the car is worth to you and don't bid above this

kala85

any word on how this went off after. Anywhere I could get a copy of the final prices??

Drummerboy08

kala85 wrote: »

any word on how this went off after. Anywhere I could get a copy of the final prices??

Wouldn't say the pricing will be published anywhere.

I also wouldn't imagine there were too many bargains to be had

Casati

If anybody attended it would be v interesting to see some of the prices made

Pottler

Heroditas wrote: »

Off topic, but Sureweld in Lucan?
Have they shut?

No, not at all, they were just clearing out a lot of stock that was surplus etc. Some very good stuff sold, but prices were very strong. Not far off retail in many cases..

oregano

Casati wrote: »

If anybody attended it would be v interesting to see some of the prices made

I was there for about 50 lots. Place was full, every car I was interested in went for more than I would expect to buy it for in the trade. But valuing cars is not a science, and other dealers will reckon they did well.

Loads of private people there too, bidding and buying, I'd say Wilsons are very happy.

After a 06 passat with no Nct made massive money I went home alone...:)

Pottler

oregano wrote: »

I was there for about 50 lots. Place was full, every car I was interested in went for more than I would expect to buy it for in the trade. But valuing cars is not a science, and other dealers will reckon they did well.

Loads of private people there too, bidding and buying, I'd say Wilsons are very happy.

After a 06 passat with no Nct made massive money I went home alone...:)

Also a lot of private buyers appear totally unaware that the hammer price is not the price they'll pay to go out the gate, there's commision, Vat to be added etc etc. I think a lot of lads with "bargains"(which never look that way to me to begin with) toddle up to pay and get a shock at the final figure. Also, once the hammer is banged down, it's yours, pretty much, no matter what. You might kick up a big stink if you find a fault that was undeclared, but you'll have a job..

bf

I stayed for about 25 lots & from memory

12 Grand Scenics were making €18k -€20k
11 & 12 Meganes €13,5k - €16k
Saw one 12 Fluence for c.€16k
First lot was a 06 Fiesta made €4,650

All in all mad money - above retail when you add in auction fees

Casati

oregano wrote: »

I was there for about 50 lots. Place was full, every car I was interested in went for more than I would expect to buy it for in the trade. But valuing cars is not a science, and other dealers will reckon they did well.

Loads of private people there too, bidding and buying, I'd say Wilsons are very happy.

After a 06 passat with no Nct made massive money I went home alone...:)

What money were the 12 Reg Grand Scenic's and Laguna's making do you know? Would be much appreciated to know approx no's

It must be fantastic for Wilsons to be asked to so one of these liquidation auctions - all lots will be sold on the day and they are on massive commission but their costs must be tiny, they don't even have to use there own facility/ light and heat etc yet they still charge a fiver entrance fee. A couple of ad's on Donedeal and a small bit of photocopying in return for commission possibly as high as 100 grand!

Stallingrad

bf wrote: »

I stayed for about 25 lots & from memory

12 Grand Scenics were making €18k -€20k
11 & 12 Meganes €13,5k - €16k
Saw one 12 Fluence for c.€16k
First lot was a 06 Fiesta made €4,650

All in all mad money - above retail when you add in auction fees

What would VAT and auction fees do to those figures?

Our man in Havana

Stallingrad wrote: »

What would VAT and auction fees do to those figures?

Probably around 30% on top.

bf

11/12 Lagunas made up to €16k.

No VAT on hammer price, but there would be VAT on auction fees

mytime

Does anyone know what 20008 RX400H made?

Our man in Havana

bf wrote: »

11/12 Lagunas made up to €16k.

No VAT on hammer price, but there would be VAT on auction fees

What would the rough fees be?

lifer_sean

Our man in Havana wrote: »

What would the rough fees be?

Don't know fees for this sale, but Wilson's fees are typically 5%+vat, sometimes with an indemnity fee on top of that (but prob not for a clearance sale). So fees on 16k would be another 950-1000.

Casati

lifer_sean wrote: »

Don't know fees for this sale, but Wilson's fees are typically 5%+vat, sometimes with an indemnity fee on top of that (but prob not for a clearance sale). So fees on 16k would be another 950-1000.

Thats good value in my book, good 5k under what you'd pay in a garage.

Casati

lifer_sean wrote: »

Don't know fees for this sale, but Wilson's fees are typically 5%+vat, sometimes with an indemnity fee on top of that (but prob not for a clearance sale). So fees on 16k would be another 950-1000.

The commercials probably would have been auction price plus VAT 23% plus Auction fees on hammer price and Vat, so that would be approx 30%

Pottler

Casati wrote: »

The commercials probably would have been auction price plus VAT 23% plus Auction fees on hammer price and Vat, so that would be approx 30%

I've bought 4 vans there and you can budget on 1/3 of the bid price going on as "extras". It leaves it not too cheap, imo, but it's a quick way to buy.

bazz26

Casati wrote: »

Thats good value in my book, good 5k under what you'd pay in a garage.

2012 Laguna here from a garage asking €19k:
http://www.driving.ie/used-cars/Renault/Laguna/III-2.0/31513522220553480/

Could probably buy it for €18k cash or just below. A saving yes but of about €1k in my books.

Pottler

bazz26 wrote: »

2012 Laguna here from a garage asking €19k:
http://www.driving.ie/used-cars/Renault/Laguna/III-2.0/31513522220553480/

Could probably buy it for €18k cash or just below. A saving yes but of about €1k in my books.

And how would that warranty compare to buying at auction?:D Don't underestimate the value of being able to go for a nice long test drive either. Have to agree with you Bazz, the value is not at the auction just now.

handlemaster

bf wrote: »

I stayed for about 25 lots & from memory

12 Grand Scenics were making €18k -€20k
11 & 12 Meganes €13,5k - €16k
Saw one 12 Fluence for c.€16k
First lot was a 06 Fiesta made €4,650

All in all mad money - above retail when you add in auction fees

the fiesta was expensive

keithclancy

My rule is:

If you heard about it on boards.ie ... its probably not going to be sale of the century :pac::pac::pac:

Guy:Incognito

Pottler wrote: »

And how would that warranty compare to buying at auction?:D.

A 2012 Laguna will have a manufacturers warranty till 2015 regardless of where you buy it.

MidlandsM

Guy:Incognito wrote: »

A 2012 Laguna will have a manufacturers warranty till 2015 regardless of where you buy it.

.....and a good job too, because you'd need it

Stallingrad

MidlandsM wrote: »

.....and a good job too, because you'd need it

Rubbish, post 2008 Lagunas have a solid reputation.

MidlandsM

Stallingrad wrote: »

Rubbish, post 2008 Lagunas have a solid reputation.

rubbish to you sir, post 2008 Laguna, have a solid reputation......sure they do.......sure
:pac:

Our man in Havana

I am closing this thread due to unsubstantiated rumours being posted by newly registered posters with no evidence.