End-of-Year Car Auctions Unlock Significant Vehicle Value

Park Village Auctions (PVA) will host a national series of five high-calibre webcast auctions throughout December, featuring hundreds of light commercial and passenger vehicles ranging from essential hatchbacks to premium SUVs and luxury sedans, sourced from major financial institutions and various business entities.

Clive Lazarus of PVA says: “The sales present a favourable opportunity for consumers and businesses to acquire quality, late-model vehicles at below dealer prices as sellers look to finalise their books and clear inventory.

“This series appeals to a broad audience, including families needing reliable secondary vehicles, students requiring cost-effective transport, and savvy business buyers.”

As buyers have come to expect from PVA’s vehicle auctions, the inventory comprises genuine repossessed vehicles from major financial institutions, including ABSA Bank, Standard Bank, and BMW Financial Services, as well as assets stemming from liquidation and business rescue matters. These vehicles are often termed “near new” due to their late-model production year, low mileage, and generally sound condition.

Given the persistent pressure on household budgets from the high cost of living and rising fuel prices, the opportunity to acquire dependable transport at a saving is particularly compelling. Lazarus reports that auction prices for repossessed vehicles can often achieve 15 to 20 per cent less than the established retail or trade value, translating into significant financial relief for bidders.

The auctions are all webcast-only events, meaning there is no onsite bidding, commencing at 10 am:

• Tuesday, 2 December, ABSA Boksburg, web reference 2047.

Viewing takes place on Monday, 1 December (09:00 to 15:00) and Tuesday, 2 December (08:00 to 10:00) at the ABSA Trade Centre, 8 Top Road, Anderbolt.

• Wednesday, 3 December, ABSA Durban, web reference 2058.
  Viewing is scheduled for Monday, 1 December, and Tuesday, 2 December (09:00 to 15:00) at the Park Village Auctions Bank Asset Disposal Centre, Quarry Place, Off Queen Nandi Drive, River Horse Estate.

• Thursday, 4 December, combined ABSA Gqeberha (PE) and Bloemfontein, web reference 2059.
  Viewing on Tuesday, 2 December, and Wednesday, 3 December (09:00 to 15:00) at the ABSA Vehicle and Asset Finance Trade Centre in Gqeberha and the PVA Bank Asset Disposal Centre in Bloemfontein

• Tuesday, 9 December, PVA’s signature Martindale Auction, web reference 2062.
  This is a multi-source sale, featuring assets from Standard Bank, BMW Financial Services, ABSA Bank, liquidators, and other financial houses. Viewing is on Monday, 8 December (09:00 to 16:00) at 221 Main Road, Martindale, Johannesburg and PVA’s other national showrooms.

• Thursday, 11 December, the culminating National ABSA passenger and commercial vehicle auction, web reference 2056.
  Featuring over 200 vehicles located throughout South Africa. Viewing is on Wednesday, 10 December (09:00 to 15:00).

Pre-approved finance is available through Auction Finance. Please visit the respective web reference listings atwww.parkvillageauctions.co.za to find out more.

Interested parties are encouraged to register early and view the catalogues ahead of time, as Lazarus expects fierce, enthused bidding among buyers looking to capitalise on the traditional year-end sales drive.