Park Village Auctions is set to host two national auctions that will see over 300 vehicles sold on behalf of ABSA Bank.
That’s the word from PVA’s Head Auctioneer Clive Lazarus, who says that the sales present a favourable opportunity for dealers to re-stock after the holiday period.
Lazarus says that used cars are still in high demand as the effects of the global semi-conductor shortage continue to ravage the automotive industry.
As such, genuine ABSA-bank repossessed vehicles are attractive, making relatively new, often low-mileage cars available. What’s more, the make and models on the floor cater directly to the market’s preferences.
Both auctions will take the form of PVA’s hybrid format, starting as a timed online auction and ending as a live webcast.
The first will feature vehicles located at the ABSA trade centre at number 8 Top Road, Anderbolt, Gauteng. Viewing will be held on Friday the 4th and Monday the 7th of February from 9 am to 3 pm.
Participants can start parking bids as early as Monday the 7th, with the live webcast commencing at 10 am sharp the following day.
Proceedings for the second auction, hosted at 20 Hunter Street, KwaZulu-Natal, begin with viewing taking place from 9 am to 3 pm on Monday and Tuesday (7 and 8 February). Online bidding will commence on the 8th, followed by the live webcast from 10 am on Wednesday the 9th.
As ever, the ABSA genuine repossessed auctions feature a cross-section of South Africa’s most loved vehicles from entry-level hatchbacks to luxury sedans, light commercial workhorses and family SUVs.
For more information, visit www.parkvillageauctions.co.za and view web listings 901 and 902 for JHB and KZN, respectively.