Can a newbie buy used cars at auction? | AI Car Dealership Project Episode 9

In this episode, James Baggott heads to Manheim's Colchester trade auction to try and buy some used car for his @CleverCarCollection car dealership. Thrown in at the deep end, he gets advice from the senior auction team before going up against the professional car dealers to try and buy some cars.

Join him as he chats to an auctioneer, chats to the team behind the sale and wanders the halls to assess the stock. Can James win in his attempt to buy cars against the professionals? Well, join us in this latest episode to find out.

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[Rjay]

Agree with camera man always check the make of the tyres it gives an insight of how the car was maintained 👍

[MarkHill-hiqk]

Great video James. Just for clarity for any viewers or readers of these comments, the daily auctions at Manheim are only open to trade including the evening auction at Colchester which James attended. Account holders can attend physically at any of their 11 auction site across the UK and if you are unable to attend in person, all auctions are available online via Manheim Simulcast. Manheim hold over 130 auctions per month for cars, LCVs, HGV & Plant with over 9, 000 vehicles available each week.

[davidnorton]

Not all the cars at auctions are junk, but all the junk cars are at auctions.

[asianskywalker]

Auctions aren't quite the bargain places people think they are. You save on average about £1000-1500 depending on car when compared to a car supermarket but you're also taking a risk.

[kzdwkuk]

Great post. Just saw loads of low-mileage 2011 Toyota Aygo going for less than £3k on eBay and it sold at this auction for £3.3k. Why would I pay more for a car and get basically a visual inspection... I don't get it. My advice is to swerve the auctions and go in hard with your first offer on a private sale. Most people just want to get rid of their old car so they can get a new one.

[mirrortrim]

Was nervous for you watching the video, however perfect insight to auctions thank you great content.

[kd]

Buy privately you can check the car out property & test driver and check all the electrics Wirk & air on ect and make an offers well below asking prices….

[martinwood]

Love auction vids, thanks very entertaining

[leonvenn]

i think 1/2 the problem is that you went to the evening auction so there's private buyers there too, ive always found the day auctions to be more sensible when it comes to buying stock.

also in terms of getting your bid seen i find you have better chances using the online services provided, depending on stock funds you could even look around the vehicles in person and place proxy bids online and then wait until you get an email with the invoice of stock won

[CT-oeug]

I think I would specialise in one brand as I would be able to build up a strong knowledge of the different trims, problems and values. I’d also end up with a stack of spare parts that can be used across the board. But I have no intention of dealing with the general public and their money as I like to sleep at night! Always an interesting watch.

[mickpalmer]

We've bought cars from Mannhiem for almost 30 years until this year when private buyers were not welcome( was wanting to spend upto £16k ) thank you, we will take our trade elsewhere .

[grahamhassall]

Such a shame the public can't go anymore as I used to really enjoy it and purchased a few nice cars. I can understand why dealers don't want the odd privateer driving up prices, but surely the auction houses via their charges still make the same or more?
Excluding the public feels a bit wrong and expressions like anti competitive, closed shop....etc spring to mind. I suppose its the same in other fields don't get me started on part p electrical. Whinge over, nice video

[staggtastic]

'I can smell bacon'??!!! Was that a reference to the place looking like a police station/custody centre like on cops programmes?🤔😆👊

[williamsdaduk]

I bought my first car at BCA in 1995 - a 1989 Vauxhall Astra 'Swing' - I don't recall anyone bidding while eating a pasty though.

[tonypowell]

Bought many cheaper cars at auctions years ago, never had a problem with any of them, annoyingly the ones that cost a lot more were often more troublesome.

[LCOF]

The problem with FaceTiming John is he’s usually too shy and when he’s holding the camera he prefers to be hush hush as he’s seeing you eye to eye. Ask him about peroxide and you’ll get a never ending story though.

[FeeneyStephen]

Don't bid till its on sale. Go to a few auctions and get used to the vibe.

[ardongrainford]

Can a member of the punblic buy at auction?

[bluenose]

If you can smell bacon, there must be police about!

[prawnstar]

Car auctions…the market is flooded with pros dude.. the chances of you getting anything good is small. The really good stuff the auctioneers make deals with guys that pay them for first dibs.. that’s not supposed to happen but everything is rigged.. anyhow, I wish you luck tho