Auction News

Park Village Auctions is set to host three ABSA vehicle auctions in July, offering atimely opportunity for buyers in an otherwise challenging used car market.Recent data shows significant increases in used car prices, with vehicles over threeyears old rising between 14.6% and 16.7% on average in Q4 2023. This trend and adecline in cars financed […]

Park Village Auctions has announced a significant “office furniture clearance auction”featuring assets from Ellies Electronics (Pty) Limited, a prominent South Africanelectronics company currently in business rescue.This sale comes in the wake of Ellies Holdings Limited being placed into voluntarybusiness rescue proceedings and subsequently recommended for liquidation.The auction, set to commence on Wednesday, 10 July, at […]

JOHANNESBURG – Park Village Auctions (PVA) is sounding the alarm on the rising tide ofsophisticated auction scams targeting unsuspecting buyers. These fraudulent schemes,which have plagued the industry for years, are becoming increasingly elaborate and difficultto detect.“We’re seeing an alarming escalation in auction-related fraud,” says Clive Lazarus of PVA.“Scammers are employing advanced social engineering tactics to […]

South Africans typically flock to dealerships and private sellers when purchasing anew car. However, auctions are an option that provides significant value that shouldnot be overlooked. That’s the word from Park Village Auctions’ Clive Lazarus, whoshares some key considerations for purchasing an auction vehicle.Cost-effectiveness“Affordability is at the top of everyone’s list whether buying new or […]

Park Village Auctions has announced its next commercial vehicle auction featuring erigid trucks, truck trailers, and agricultural and earthmoving equipment. This timearound, a 2018 Caterpillar 980L wheel loader and a 2015 Ammann 500 E paver arenotable lots, “paving the way to exceptional savings,” says PVA’s Clive Lazarus.Lazarus: “In South Africa’s current economic climate, purchasing trucks, […]