Car Auctions Remain Buoyant Amid Rising Fuel Costs
Motorists are working around the petrol price by acquiring newer, fuel-efficient models via auctions. That’s the word from Park Village Auctions’ Clive Lazarus, who says auction sales remain a popular choice among motorists.
“One might think that a fuel hike of 120% in just over two years would have motorists trading in four motorised wheels for two peddle-powered ones, but that’s not the case,” says Clive.
He continues, “Instead, we are seeing discerning buyers look out for economic, new-model vehicles via our monthly car auctions. In some cases, they may look for smaller engines, but it’s mostly about fuel efficiency and avoiding out-of-plan maintenance.”
Clive explains that because the vehicles sold on auction are genuine bank repossessions, they are relatively new, often with warranty or service plans intact.
A wide variety of vehicles are available, from entry-level to luxury sedans, so buyers need only keep their eye on the monthly auctions to find their ideal car.
A well-known perk of vehicle auctions is that they often fetch lower-than-dealer prices too. “With finance available on the auction floor, too, savvy buyers secure newer wheels at highly competitive rates without any run-around,” adds Clive.
PVA hosts several car auctions per month around the country. The next auction of this nature will be the ABSA repossessed car auction held on the 2nd of August at 10 am. More than 200 vehicles will be sold via webcast. Viewing will open from 9 am to 3 pm on Friday, the 29th of July, at the ABSA Trade Centre, 8 Top Road, Anderbolt (Gauteng).
For more information on the upcoming auction or to register, visit web reference 1016 on www.parkvillageauctions.co.za.
