Newark Car Auctions Nottingham any Good?

Sgt_Pepper_2

marryalison wrote: »

Hi. Sorry to dispel some 'myths' here. Most vehicles have a 'reserve' price, and if this is not reached, then the highest bid is noted, bidder details taken, and the vendor (seller) contacted to see if they will accept the bid. If they ask for more money (they are entitled to - it is their vehicle and has not reached the reserve price) then this is conveyed to the bidder. It is then the bidders decision to either walk away or meet the asking price. All fair and proper to both sides, called 'provisional bids' 'Skimming the difference' is a product of someone's overactive (and suspicious) imagination!

Are you anything to do with the said auction?

marryalison

You are right, I have bought and sold at Newark. They, Bawtry,
Nottm and Derby are all very professional these days. i think the Arfur Daley days are gone. What's worse, paying 1000 for a car in auction that's knackered, or 2500 for the same car on a forecourt whose warranty excludes nearly everthing. Retail mark up is huge and we all make our own choice. Its just not right presuming the auction house is dodgy just because it suits the story.

s_b

marryalison wrote: »

You are right, I have bought and sold at Newark. They, Bawtry,
Nottm and Derby are all very professional these days. i think the Arfur Daley days are gone. What's worse, paying 1000 for a car in auction that's knackered, or 2500 for the same car on a forecourt whose warranty excludes nearly everthing. Retail mark up is huge and we all make our own choice. Its just not right presuming the auction house is dodgy just because it suits the story.

so we got there in the end as i knew we would
you actually work there albeit under a different name
im pleased to hear that bawtry has upped its game because i stopped going there a long long time ago because of the way it was run
what position do you have there as im sure i read a few weeks back they are moving out of the corner to bigger better premises
i liked the cafe though

marryalison

Rumour has it that Bawtry have a new site lined up in Retford, with
the original lined up for a supermarket or similar. I don't know, but as with all things at present, maybe finance is the delay.

neilmcl

cyclonebri1 wrote: »

From my experience not hearsay;

Newark the worst

Chesterfield 2nd worst but now gone

Bawtry good but be very carefull

Huthwaite aka Manheim Mansfield is excellant as are Notts, Derbs and my favourite bca at Measham

+1, I'd have to agree, never been a big fan of Newark.

atrixblue.-MFR-.

the phantom bid thing still goes. bumping as i know it happens too eg bid 1000 on car, auctioneer jumps to 1200 no bids auctioneer hammers it at 1100, seen a few people fall into that one.

when i was younger worked at auction house driving cars in and out well pushed em in and out some of em, auctioneer used to boast about making a few hundred from bumping for the weekly pot where they would all put their bumping money in a pot and split it equally at the end of the week.

Ishistofmails

I've bought a few cars and a caravan from Newark motor auctions, and to be honest, I feel that it is one of the best auctions to buy from! Not knowing a vast amount about buying cars, the checks they do (MOT history prints on many cars) and the declarations they make, makes me feel more confident about buying from them. + their indemnity fees seem to be one of the cheapest around. As oppose to the bigger auctions i.e BCA etc, where you are charged for log book and paying by card etc, makes my choice Newark every time.

cyclonebri1

:spam::spam::spam::spam::spam::spam::spam::spam::spam::spam::spam::spam::spam::spam::spam: plus spam.;)

4afe

Newark Motor Auctions is a minefield of rejected cars, majority of the cars have a story/fault, its basically stock that the motor trade cannot sell due to the faults they have.

There is the odd ok car, and I mean odd - All the Carcraft stock is rubbish "webuyanycar thats screwed" type stock, and the Stoneacre stuff is all the stuff the dealers cannot sell due to faults, clocked, majority of the private stock is rubbish, motor trader stock with the odd private decent entry.

They bounce the bids off the wall (phantom bidding like crazy) especially the tall chap the other auctioneer is ok, yes they have a lot of buyers rings and stick together to weed out any new buyers, lots of "who you know type dealings" although the main auctioneer chap is pretty decent.

Avoid at all costs unless you know what your buying and expect to spend money on stock you get from there, its a cowboy auction but if you tread extremely carefully you might bag a bargain. This is not a place for the faint hearted.

bluegecko

I've been in the motor trade for 20 years and have worked for all the big boys and I've bought and sold for a few quid too.

I was surprised to read an earlier comment that Newark or for that matter any car auction is a dumping ground for stock that the trade can't sell.

How is this a revelation, of course it is, or more correctly don't want to sell. Newark is owned by the same company that own the stoneacre motor group, so it's just a way of disposing stock that they don't want. Stoneacre make all of their money off finance, so they have very little interest in selling on any p/ex that's not immaculate.

All auctions are a minefield, but it depends on why you are there. If you are a wannabie trader, the best bargains are on cars with no MOT. You win some you lose some. I bought a 3ltr Cougar that was mint but had no MOT for £800 quid, went straight through the MOT sold it to a collector for £2500 within 48 hours. Bought a mint looking BMW M3 for £3k and it had more problems than tory politician! I lost sh**loads.

BCA are professional, but the nightmare for both the private buyer and the start up trader are the fees. For the private buyer, use an auction expert, they charge about £150, but you will save in the long run. For the start up trader, bite the bullet and buy 12 cars that you will make no profit on so that you can get the traders card and remove the fees.

As for phantom bidding, I have seen this at most auctions, to be fair the only time I've seen the auctioneer outed was at BCA Measham, where he failed to sell a car and actually admitted to everyone there that he had taken a phantom bid as the bidding was nowhere near the reserve.

At Newark there isn't really that problem as there are plenty of 'insiders' happy to push the price for the auction room. You will see who these people are quite quickly if you sit and watch for 20 mins.

As Mary said the issue is this, pay what you think the car is worth and stick to it and don't get caught out by the provisional 'we'll ring the bid'. 9 times out of ten the auction value of the car is where the hammer falls, don't get sucked in to paying more at the provisional window. Get your deposit back and buy something else.

It's rare that traders miss something, but I have seen a few bargains, a Jag xj6 for £1500 that sold on a classic car site for £3200. An Overfinch Range Rover that nobody seemed to value went for £3k profit, an Audi S3 sold £2k under book.

But seriously do your homework, all auctions are for sharp minded people who know their subject inside out and remember the old adage, if it seems too good to be true, it certainly will be at auction!