Tag Archives: economics

Car Auctions: Nightclubs for the over 25s…?

6 Mar

Right. Let’s get down to business.

The first time you had sex with someone who wasn’t actually you, three things happened:

1) You couldn’t compare the sensation to anything else that you had previously experienced.

2) You got a strange look from the person you were doing it with, somewhere towards the end.

3) You suddenly realised why some people did it for a living.

Okay, Now you are a little older, you should try buying at a car auction. Its pretty much the same deal.

Regardless of gender, when you are feeling too old to be going to a nightclub, you are just becoming old enough to enter the world of car auctions. Just like some weird deleted scene from Benjamin Button, as you become too old to spill a Smirnoff Ice while drooling at someone on the dance floor, you come of age to enter a far more exciting world of sober intrigue and expensive nods.

Car auctions are not for everyone. They can be like getting off with a complete stranger and then waking up the next morning to find you have no credit card. Or, they can make you happy for the rest of your life. You can save $5,000 easily at a car auction while having fun at the same time. You can’t do that at a nightclub.

Thousands of one, two and three year old cars are sold each day by Auction Houses. Just one auction I visit regularly can crank the ‘hammer’ speed up to one car sold every fifteen seconds. Most of the second hand cars that you see on a dealer forecourt have been through these auctions. The dealer adds about 30% to the price and sticks them out front, sometimes without even needing to polish the door handles.

The truly massive over-production of new cars in the West is threatening near-catastrophic melt-down of our economies. This is no over-exaggeration. Western Europe relies heavily on new car manufacture to employ it’s workers. As an extreme example, Spain’s demand for new cars has dropped by an estimated 55% since 2007. European manufacturers are over-producing new cars by a rate of 20% per year. Jobs are going to be lost. Presidents and Prime Ministers are looking pasty and grey. Insomnia is the new ‘black’. As new car prices drop, nearly-new car prices drop more. Especially at auctions.

The latest Roadwax “Western Leader Poll” results are in. All western leaders were asked the same three questions by Roadwax, their premier trusted source of internet motoring groove.

Q 1) “As a Western Leader, did you get out of bed at 3.20am last Wednesday and see if there was anything in the fridge worth finishing off?”

Q 2) “Did you eventually decide instead to neck all the whiskey from the cupboard and cancel your first meeting?”

Q 3) “Even though all of you are millionaires, do you ever fancy sneaking off and going down the car auction?”

All Western Leaders have now returned their answers to me. Putin replied twice, but he doesn’t actually count on this one. Sorry, Vlad. Yes, I know you hate being called Vlad.

Just like Roadwax showed you in four easy parts how to find a good car to have a crash in, Roadwax is now going to show you how to understand car auctions and save between £500 and £50,000 from your hard earned cash.

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