WARNING! Online bidding rip off at BCA British Car Auctions

harveybobbles

1connect wrote: »

I have better things to do.

erm..............

1connect wrote: »

However the matter has been reported as have people who have commented breaking MSE rules.

Oliver14

I think the OP needs to find out how auctions actually work.

soolin

1connect wrote: »

Seriously I posted this to advise people of what I saw, and to advise them to go personally to a hall to bid, anyone in the hall seeing this would agree with what I said and what appeared to be happening..
I'm not going to defend it, I have better things to do, no one will get a rise from me because I don't really care if you believe it or not.
However the matter has been reported as have people who have commented breaking MSE rules.

You've reported yourself for being in breach of MSE rules?, if you think you have then it is easier just to remove or edit your post to take out anything that you feel is in breach.

Chocmonster7

My Father has been in the motor trade for many many years and often came home saying "the wall bought more cars than anyone else today..."

voodoochild1579

I saw this post by chance and thought to add to the debate!

On auction day the auctioneer’s role is to encourage bidding, take bids and sell the vehicle under the hammer. You could say that the auctioneer is the showman, as they take centre stage on auction day.

The auctioneer is responsible for the performance of the auction that day, auctioneers are experienced in the value of vehicles therefore if the auctioneer believes that the vehicle is worth X and be bid Y he may well try to encourage further bidding, so changing to lower increments is one way and often the bidders will try to encourage lower increments, that is part and parcel of the job.

Bidders in a busy hall are competing against each other; often they do not want their nearest competitor getting a vehicle he can sell off his forecourt, or he may have a buyer for the vehicle, therefore staring at the auctioneer, hand signals behind their back, flick of a catalogue, a wink…. The list goes on, this can also lead to buyer disputes where two buyers believe they have bought the vehicle because of they not so obvious bidding.

RFW commented about selling 12%, most vehicle auctions that sell only 12% of entry would not last that long!! Most sales I have conducted will sell on average 72% of entry made up of several vendor sections, some of these can a 100% conversion some 50% depending on market conditions, glad he didn’t take the job!

On-line bidding is fairly new to the UK and has been accepted by most vehicle auction houses and is in real time, 1 connect made the comment that the bid was on on-line and the auctioneer did not look up, did you notice the hall screens? Did they change colour with the bid increments? The system they use is fully automated with a clerk to enter the hall bids only, I can put the record straight that although the bidding in the hall has ceased it can continue with a number of on-line bidders fighting it out on-line FACT! The on-line bidder presses the bid – No One Else!

BCA & Manheim are the market leaders in the UK and their systems have been accepted as “The Norm”, and is in my experience disliked by many of the floor bidders as its additional competition, I don’t want to make a huge thing about it - but with over 22yrs in the vehicle auction business and people who don’t understand new processes and technology need to be careful making statements about working practices with out hard fact! Now, I can write a book about motor traders and dealer “tricks of the trade”………..

RFW

voodoochild1579 wrote: »

RFW commented about selling 12%, most vehicle auctions that sell only 12% of entry would not last that long!! Most sales I have conducted will sell on average 72% of entry made up of several vendor sections, some of these can a 100% conversion some 50% depending on market conditions, glad he didn’t take the job!

I won't say too much more about it as time and lack of facts prevent it on an open forum, but they are still trading and have more than one branch, which was how they worked it, moving cars from one place to another. I'm sure other branches have different sale rates, at the time they were charging per entry and other fees to the private vendors at least, so they were still getting paid without a sale. Obviously you know vehicle auctions better than me, my auction experience tends to be from other areas and not vehicles, although I have sold a fair few.

That said I'm sure there are still a fair amount of car auctions with a pretty low turnout of buyers where the auctioneer takes more than a fair share of "bids on behalf of the vendor", if they accepted every bid, sold without reserve and didn't take any 'invisible' bids they too wouldn't last long.

1connect

yeah yeah ... yawn ...

my post was to warn people, using my knowledge, my observations of the day and the truth ...its not surprising we are Rip Off Britain when people so readily accept unfair practice against the consumer...

perhaps the people defending the auction house and or their practices will also be very pleased regarding their own personal fuel hikes , bank charges , admin charges and credit card surcharges? perhaps they will ask for a pay drop at work and also park on a double yellow line and get a ticket just so they can patronise others about how "things work" ... it is the willingness of acceptance of the unacceptable that is the root cause of the problem ... so as they say if your not part of the solution you are definitely part of the problem ...

thanks to all who offered their expert opinion and judgement , neither was asked for , but thanks anyway , anyway you had better be off now as you have some serious patronising to do later today as you troll your way through boards wearing the expert hat you made for yourself.

however , thanks to any "CONSTRUCTIVE" commentators.

shaun_from_Africa

You appear to have made a basic mistake in what you thought was happening.

The auctioneer was taking bids from the Hall and the Net except this is what I saw happen, the hall bids finished, he then carried on rattling off fake bids against the internet bidder forcing up the price by some £800 or so, and when the web bidders bids where exhausted he was left with a fake hall bid, I then saw the bid click BACK to the WEB BIDDER , yes they clicked the software to get the max bid to re focus on the REAL bidder ... UNBELIEVABLE !!!!!!

How do you know that there was only 1 web bidder?
If there were 2 or more then these would be treated exactly the same as if there were 2 auction hall bidders and the auctioneer would still read out the current bids shown on his monitor.

It would be the same process if there was a single web bidder and a proxy bidder.
The auctioneer would treat both of them as if they were stood in the room and he would increase the proxy bid in increments so that the proxy was bidding against the web bidder.

QuackQuackOops

OP, The practice is called Shill Bidding and is illegal.
Are you suggesting that this company are blatantly acting illegally in front of hoards of auction savvy people every day but none of them recognise whats happening except for you with your superior knowledge and mind reading abilities?

:rotfl::rotfl::p :T :T :rotfl: :rotfl: :rotfl: :rotfl:

QuackQuackOops

Oh...and it isnt shill bidding thats wrong with Britain. That culprit is Greed.