50% of cars UNSOLD and CRAZY prizes - Bightwells Retro Auction Results Analysis

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Geoff Buys Cars

Geoff Buys Cars

Күн бұрын

Пікірлер: 1 000
@solihullman5230
@solihullman5230 3 ай бұрын
I notice Brightwells demand a £2500 deposit before you can bid which they hold onto (via a third party which is even worse) for up to five days if you don't buy, neither of which is acceptable. This would put me off bidding especially on a cheaper motor. A sensible, say £500 deposit being instantly returnable might be acceptable.
@AnnieRed66
@AnnieRed66 3 ай бұрын
That's mental!
@notgoingtotakeitanymore
@notgoingtotakeitanymore 3 ай бұрын
Maybe they still identify as a bunch of dodgy second hand car dealers/scam artists
@fredEVOIX
@fredEVOIX 3 ай бұрын
the 3rd party def a no no that's an open door to your money vanishing and them taking no respons.
@interloperdrones1172
@interloperdrones1172 3 ай бұрын
Had I of known of this auction I'd of partaken for the 340, however 2,500 deposit would render me unable to eat!! That's fuckin ridiculous!
@leedstown
@leedstown 3 ай бұрын
​@@AnnieRed66same as Dvla number plate auctions
@offgrid7837
@offgrid7837 3 ай бұрын
The economy is crashing because of appallingly bad taxation and regulation and war. Millionaires and anyone else that can are leaving the country. Historic car prices just reflect reality.
@TheLiamis
@TheLiamis 3 ай бұрын
Yep, the country is rather fd.
@micksroversmg558
@micksroversmg558 3 ай бұрын
Wait for the prices too crash more and us mere peasants can get our Sieara Cosworth's again like we did back in early 2000's when u get a Q plater taxed and tested out yellow paper for couple of grand again ha ha
@adamwynyard4065
@adamwynyard4065 3 ай бұрын
Utter BS - no evidence at all of millionaire leaving the country. What’s your source for this ? GB news I guess… what a total moron. All economic indicators are showing growth in the economy. Low unemployment , inflation coming down interest rates to follow. Simpletons like you shouldn’t be allowed to comment or have children
@marktisdaleuk
@marktisdaleuk 3 ай бұрын
Brexit has really hit exports to the EU, some areas are down 50+%
@chiefrocka8604
@chiefrocka8604 3 ай бұрын
@@micksroversmg558keep,dreaming it’s all you’ve got as just a set of compo motives and new tyres are £2000 😂
@BobCarolgees-p8f
@BobCarolgees-p8f 3 ай бұрын
Love this type of content , great barromter of how bad the economy is
@justsomeguy1141
@justsomeguy1141 3 ай бұрын
Or people are waiting for the October budget to find out how bad car tax will be
@peterbett3076
@peterbett3076 3 ай бұрын
Better than gdp, inflation and real wages?
@alfredthegreat9543
@alfredthegreat9543 3 ай бұрын
I dont think the economy is as bad as people say. I went back to the UK last month, 1st time in 8 years, and honestly there seemed to be a lot more money flying around than the last few times I was back- high streets full (10 years ago i remember my home town high st being desolate), coffee shops and garden centres busy, bars and pubs busy. I was really surprised tbh.
@PazLeBon
@PazLeBon 3 ай бұрын
@@alfredthegreat9543 its at least twice as expensive as here, three times more in some places
@jameskrell4392
@jameskrell4392 3 ай бұрын
I’m not in the market for a classic car but I would say the reason they are not selling is the same reason I aren’t buying a new car, or any car for that matter. I used to buy a one to two year old car every three years but I stopped doing this three years ago. On one occasion, 2008 I bought new. I now have a car that I will be keeping for as long as I can. It's in good condition, serviced and looked after. I have had it underfloor treated. Why aren’t I buying? The future is uncertain, why pay good money out for any car when we don’t know how long we will be able to get petrol or even how much it will cost. I wouldn’t put it passed this government to make an anouncement that the sale of petrol and diesel will be banned. I will never buy an EV. If they can endanger the lives of pensioners then they are caperble of anything.
@angelakadeer1565
@angelakadeer1565 3 ай бұрын
We as a people need to fight back on this, who gave anyone a mandate to do this, NO=ONE !!!
@GeoffBuysCars
@GeoffBuysCars 3 ай бұрын
What’s the car you kept?
@acelectricalsecurity
@acelectricalsecurity 3 ай бұрын
Well if they ban the sale of petrol and diesel, we won't need to worry about what car to buy, we will all be dead 🤣🤣
@jameskrell4392
@jameskrell4392 3 ай бұрын
@@GeoffBuysCars A Fiat 500 Lounge, full main dealer service history, before I retired I drove Alfa Romeo for years, cheers.
@micksroversmg558
@micksroversmg558 3 ай бұрын
Gear box is ridiculously weak in a fiat 500!no one rebuilds them as not worth putting your name too one for a warenty! My friends wife car had three scrapyard gear boxes that all lasted about 6 months each won't sell one from breakers with warenty either!
@TheTotalPackage-qo5gx
@TheTotalPackage-qo5gx 3 ай бұрын
Thank you Geoff for doing these classic car auction videos. They are very good in my opinion.
@DanRobards
@DanRobards 3 ай бұрын
Super interesting
@G-ra-ha-m
@G-ra-ha-m 3 ай бұрын
Yes, very nice to see the market. I note there were no EVs there, perhaps because they are all shite.
@dodgywheelsandropeywiring5697
@dodgywheelsandropeywiring5697 3 ай бұрын
Once a luxury car comes down to prices poor people can buy only the very brave and very stupid are interested in them, parts for luxury cars aren't in poorer drivers budgets but far worse is the tax and fuel economy that poorer drivers can't ignore. I think many of the cars you mentioned are hugely overpriced as they're not wanted, well no that's not fair, they are wanted they're just not feasible vehicles for the vast majority of people, we're all taxed out of them before we ever get into one.
@dazspurs9899
@dazspurs9899 3 ай бұрын
Indeed you can't run a champagne car on lemonade money
@wpjohn91
@wpjohn91 3 ай бұрын
Its only chapagne for a few years. Then its just an old car with high bills
@mooseyman74
@mooseyman74 3 ай бұрын
Stig of the dump can't be The Stig
@theoutsider6191
@theoutsider6191 2 ай бұрын
You can add to these points the fact that you soon will not be able to drive one around because they will not meet the Euro emissions standard minimum requirements, so it will be nothing more than an expensive paperweight on your drive, assuming you have one.
@vokesy78
@vokesy78 3 ай бұрын
Unrealistic reserve prices are why they haven't sold.
@bentullett6068
@bentullett6068 3 ай бұрын
Pretty much. They always tend to be high due to the selling fees the auction house throws on those they are selling the car for.
@maxnicholls7254
@maxnicholls7254 3 ай бұрын
I sold two cars there including the lovely DB7 GT; I think those who didn't accept their offers with reserves too high are fools and can't read the market. What are they going to do; stick the car in barn and watch it deteriorate?
@EtonieE25
@EtonieE25 3 ай бұрын
👍 Yep 👍 These owners haven’t woken up yet to the current UK economy crises!
@redpoll4628
@redpoll4628 3 ай бұрын
We are all waiting for the October labour budget, to see how they are going to get more money from us , recession could also be around the corner, sorry to be the sound of doom
@PazLeBon
@PazLeBon 3 ай бұрын
@@redpoll4628 u for fkn real?
@BlackLines
@BlackLines 3 ай бұрын
Noone has any money - and if they do, they're keeping it because they're gonna need it.
@klawlor3659
@klawlor3659 3 ай бұрын
My dosh is going in the emigration fund. Fucking this place right off, it's bloody shite!
@thorsrensen3162
@thorsrensen3162 3 ай бұрын
Everyone needs to keep cash also to help family paying for food and energy.
@julianmorris9951
@julianmorris9951 3 ай бұрын
You’re right, I have a small business selling animal feed, people have got rid of horses to be able to pay extortionate energy bills, rent increases etc…., I’ve had to tighten up loads to compensate for that, we’ve all had an absolute financial hiding over the last 4 years, we’re definitely in recession!!! I’m an ex panel beater and been selling animal feed for 14 years, this is the worst I’ve seen it🥲, one example is a customer had to sell 3 horses for a £1 each to keep a roof over her head and feed her children, she only had so much money per month like us all and the horses had to go, there’s people now tightening up when they’ve never had to before and it’s only getting worse.
@ibrstellar1080
@ibrstellar1080 2 ай бұрын
The problem is the current financial system is going to get destroyed and replaced with a carbon economy so money will be toilet paper.
@kekejones9185
@kekejones9185 Ай бұрын
​@@ibrstellar1080What should I do with my cash? how will the government 'swap' our cash,?
@BibTheBoulderTheOriginalOne
@BibTheBoulderTheOriginalOne 3 ай бұрын
As for the guy selling a Jag "because his wife will only allow him to have 2". *Get rid of the wife*
@nikskin30
@nikskin30 3 ай бұрын
@@BibTheBoulderTheOriginalOne One Wife. Livid.
@Judep4237
@Judep4237 3 ай бұрын
John Prescott
@Bran9
@Bran9 3 ай бұрын
She's too costly to get shot of
@freddiebozwell7049
@freddiebozwell7049 3 ай бұрын
​@@Judep4237beat me to it!
@peanuts2105
@peanuts2105 3 ай бұрын
Keep the Jaaag
@seamusmcshean260
@seamusmcshean260 3 ай бұрын
people want simple reliable cars with low running costs, you are right!
@hunchanchoc8418
@hunchanchoc8418 3 ай бұрын
That Panda 750 would be so cheap to run, BUT, it's a 1988 so not yet eligible for free tax and MOT, and therefore probably not ULEZ compliant (?)
@jsanders100
@jsanders100 3 ай бұрын
EVs then
@asensibleyoungman2978
@asensibleyoungman2978 3 ай бұрын
It's cheaper to run than that Aston Martin.
@AI-Records24
@AI-Records24 3 ай бұрын
@@jsanders100no, because they are very expensive to buy - way above ice counterparts. On top of that the depreciation you face is astronomical, then you can’t even sell the car for market rate because no one wants it. You’re forced to sell to companies like motorway or WBAC and take even more of a loss.
@PazLeBon
@PazLeBon 3 ай бұрын
@@jsanders100 hilarious, article in telegraph this week shows how it is twice as expensive to run an ev
@andrewwaller5913
@andrewwaller5913 3 ай бұрын
Its not buying it, its running it. Cost of fuel, tax, insurance, repairs all adds up. Money pits most of them.
@MarkB-33
@MarkB-33 3 ай бұрын
Agree up to the money pit comments.
@andrewwaller5913
@andrewwaller5913 3 ай бұрын
@@MarkB-33 Then explain why 50% haven't sold. Too expensive to maintain an old Jag or Aston.
@AI-Records24
@AI-Records24 3 ай бұрын
@@andrewwaller5913not that they aren’t money pits, but most aren’t sold because the owners put reserves on them that don’t reflect the market. Delusional about what they own and what they are getting back for it!
@johnlladron735
@johnlladron735 3 ай бұрын
Thanks for this video, Geoff. It looks like we are witnessing the final knockings of cars built 20-30 years ago, the modern classics. They are being legislated and taxed out of being viable purchases. They won't ever be allowed to qualify as classics and so the costs of ownership are only going to escalate. Sad times.
@fredEVOIX
@fredEVOIX 3 ай бұрын
yep in Switzerland they are already banned from certain towns and you are not allowed to drive them more than a very casual amount of miles
@chrishart8548
@chrishart8548 3 ай бұрын
Until a car reaches 40 years old it still pays VED even a 1.6 escort is paying £365 a year. The cars between 2001-2017 could be over £800 by next year and it's only getting worse.
@mell3109
@mell3109 3 ай бұрын
It’s nuts. Why not buy a classic car, no MOT and no road Tax. Cheap to insure and ULez compliant! Also these are not classic cars, not old enough.
@johnlladron735
@johnlladron735 3 ай бұрын
@@mell3109 That's why I called them modern classics, that's the term. The way things are going they won't make it to 40, unlike the Morris Marina.
@PazLeBon
@PazLeBon 3 ай бұрын
@@mell3109 25 years im sure
@Troy-McLore
@Troy-McLore 3 ай бұрын
Love these new style videos in the studio Geoff, doing a great job
@yesterdaysman8123
@yesterdaysman8123 3 ай бұрын
I don’t think the issue is that the classic car market is crashing, I think the bigger issue is “free gear Keir’s we’re all doomed” speech last month . He has effectively de-monetised the UK economy overnight. We all know that the budget is going to hammer the very people who are in a position to be able to afford a classic.
@AI-Records24
@AI-Records24 3 ай бұрын
It’s going to hammer everyone, except the super rich, as always. Poor, middle class, and those with a decent amount of cash. Car market will follow and fall, housing too.
@vizmortlock
@vizmortlock 3 ай бұрын
And the people who would go out and spend money. This government is about levelling down, citizens serve the state and success is to be confiscated. The real so called 'rich' will simply go elsewhere.
@gdogmalone
@gdogmalone 2 ай бұрын
Been asleep for the last 14 years?
@yesterdaysman8123
@yesterdaysman8123 2 ай бұрын
@@gdogmalone been wide awake, just in denial, I think you’re point is about the conservatives and you are bang on the money
@gssf.gr29
@gssf.gr29 Ай бұрын
I think the problem is people are frightened to death now about what to buy. I run an XF and I'd love an XK8 but as 2030 approaches I can honestly see the government, whoever is in power, hammering the price of road tax (I think it's already something like £700+ on the 4.2L) and hammering the price of petrol to try to force us into buying an EV. That's what is putting me off and there's must be thousands like me thinking along the same lines. That and the fact that they're screwing up the economy and spending money on nothing but trying to turn the country green, which is only going to make things worse.
@kevinmott6205
@kevinmott6205 3 ай бұрын
Loving the Lots and your comments learning loads Geoff, thankyou😊
@livelife7428
@livelife7428 3 ай бұрын
I'm willing but not happy to pay 400 tax. Rather than 400 pounds per month to just rent some dull electric crap. Then pay luxury tax etc.Thank you Geoff youve inspired me to buy older.
@bp8339
@bp8339 2 күн бұрын
This! I've just swapped my 3 year old car I bought new for a 10 year old Yeti, I'll run as long as I can keep putting money into it. Now that's environmentally friendly!
@julesviolin
@julesviolin 3 ай бұрын
The price crash was inevitable because the prices rocketed up way too far. Same will happen to housing. Cost of living, ULEZ and all the cr&p going on. Some of those cars were high mileage, collectors (including myself) like lower miles cars. Tatty worn interiors on high milers are very difficult to rectify. PLUS lower milers are more likely to have their original quality parts on. Everyone knows aftermarket parts are complete shite ⚠️ Another reason is cash flow. So many folk I know can only survive on monthly budgets so they go for lease purchase, so perhaps very few folk have no disposable capital any more.
@eyesodd
@eyesodd 3 ай бұрын
Agree across the board. But where have the cheap old starter classics gone, they no longer exist, I saw an Allegro up for £4.5 the other day, Morris Minors and Beetles used to be a grand or so, now 3-4k will get you a snotter. The Ulez thing is a bigger issue than people perceive, basically every usable modern classic 84-2000 has been made redundant now unless you can afford to pay £12 a day extra to run it.
@philiprhodes5537
@philiprhodes5537 3 ай бұрын
Totally agree and most people I know have very little disposable income anymore and household bills are more a priority for many now and classic cars have become a luxuary most can’t afford
@solihullman5230
@solihullman5230 3 ай бұрын
@@eyesodd They might be up for that price but are not always selling. I think there is about 7000 moggies left so it looks as though the market is finally adjusting. Hold onto your hat you might pick up a bargain!
@solihullman5230
@solihullman5230 3 ай бұрын
The Ulez cameras need to come down.
@eyesodd
@eyesodd 3 ай бұрын
@@solihullman5230 True re the prices, I've been following the VW market for a while Beetles are slowly rising, buses have peaked imo. Cameras, I don't think people realise just quite how many have been put up, some roads around here will have double figures on a single stretch.
@cliffcrabtree4359
@cliffcrabtree4359 3 ай бұрын
Great watch Geoff. Some nice bargains in there! . ❤
@Mr.0.007
@Mr.0.007 3 ай бұрын
I like these videos you do as well. Cars make us happy 😊
@mirec3951
@mirec3951 3 ай бұрын
Specal case here. Was driving daily nissan leaf 8 years from new. Went to dealer to get new battery so i can drive it another 8 years...THEY DONT HAVE BATTERIES ANYMORE. TOLD ME TO BUY NEW ONE. no thanks!!!! Got honda hrv for less than 1000 quid. I still have my honda s2000(owning since 2012) on classic insurance, 300k km and still drives perfect! NO MORE EV'S. I'll turn it into home battery storage.
@PazLeBon
@PazLeBon 3 ай бұрын
at least youre admitting youre gullible. bet you were telling everyone how clever you were at the time
@mirec3951
@mirec3951 3 ай бұрын
@@PazLeBon well...first 3 years all public chargers were for free..i drove 60k km...after that i charged in work: 3 euro per round trip compare to 12euro with petrol car... Also i only changed tires 3times, no other maintenance... it made sense back then 🙃 looking forward to take it apart
@BillCarrIpswich
@BillCarrIpswich 3 ай бұрын
I wouldn't want to bolt a used EV battery that's been bouncing around in a car for 8 years to my house.
@PazLeBon
@PazLeBon 3 ай бұрын
@@BillCarrIpswich they need to buy them back and government force them to buy them back
@mirec3951
@mirec3951 3 ай бұрын
@@BillCarrIpswich i understand where you coming from. But before all these new EV's flooded market i dont recall hearing about any Leaf catching on fire... also i live in countryside so can keep it few metres away from anything. Any ideas are welcome. I would like to use it somehow, rather than selling it for very cheap.
@weejim48
@weejim48 2 ай бұрын
Hi Geoff, I put my Porsche Boxster S on auto trader and motorway. It’s a 2004 986 with 86,000 miles on it with a massive service history and nobody wanted it at £6k. It was in great condition. So I PX it against a Nissan Qashqai for the misses. Keep up the good work 👍
@stratman9449
@stratman9449 23 күн бұрын
haha...should have told me.....could have had my Qashqai 1.6ltr diesel mint 10 years black 100k km...here in germany.....i might have taken your "boxster" off your hands.
@englishmaninfrance661
@englishmaninfrance661 3 ай бұрын
Fantastic Great to see the ridiculous second hand prices finally coming down
@a64738
@a64738 Ай бұрын
Here in Norway there is no sign of second hand prices going down, they are just going up up and more up... A Opel Ascona B for example here now cost 20.000 to 40.000 £$€ , I bought one in 2001 for 550£$€. And Porche Boxter / Cayman cost 30.000 to 50.000 for 10 to 20 year old cars with most at 50.000 even at 20 years old...
@DanRobards
@DanRobards 3 ай бұрын
Same with house prices at the moment. People asking way above market and wondering why they are struggling to sell!
@dylanwakley2553
@dylanwakley2553 3 ай бұрын
Sadly houses like that are not struggling to sell by me
@Bercilakdehautdesert-yt1gd
@Bercilakdehautdesert-yt1gd 2 ай бұрын
@@dylanwakley2553 My area of Cheshire also. Very strong competition for the mid to upper end (circa £1m) but weirdly stagnant at the lower end. My guess is its people downsizing and getting out of London before the next tax raid, or anticipating a softening of values in the South East.
@dylanwakley2553
@dylanwakley2553 2 ай бұрын
@@Bercilakdehautdesert-yt1gd it’s a very strange market for houses that’s for certain, plenty of 3-4 bed places near me out in the countryside by themselves for around 400k, which to me isn’t too bad, but you go anywhere near a half decent city and it just goes mental
@mickles1975
@mickles1975 3 ай бұрын
"His wife will only let him have two jags" John Prescott?
@WeAreAllDoomed-n5i
@WeAreAllDoomed-n5i 3 ай бұрын
Plus one slag.
@WeAreAllDoomed-n5i
@WeAreAllDoomed-n5i 3 ай бұрын
Stag for £250! Scrap value.
@COIcultist
@COIcultist 3 ай бұрын
@@WeAreAllDoomed-n5i Possibly clear more as scrap?
@chrishart8548
@chrishart8548 3 ай бұрын
Probably £270 scrap ​@@COIcultist
@Dr.Jellyfingers
@Dr.Jellyfingers 3 ай бұрын
​@WeAreAllDoomed-n5i it looked rough even from the thumbnail though!
@MadAntz970
@MadAntz970 3 ай бұрын
I think that time has eventually caught up with those early 2000's Astons. As they are in essence a tarted up XJS, the market is giving them all, especially the six pots a wide berth.
@lordcharfield
@lordcharfield 3 ай бұрын
Just selling my own unused stuff on eBay tells me that many sellers universally have unrealistic, if not greedy expectations for items they’re selling. I let go of my emotions and price everything to sell quickly!
@EtonieE25
@EtonieE25 3 ай бұрын
@lord4529. Yep as the old Jewish boss l had taught me…..a percentage of something is better then a percentage of nothing!
@jamisu5467
@jamisu5467 3 ай бұрын
People are greedy. Only the government, utility companies , supermarkets can get away with it.
@paullaurencesweeney5255
@paullaurencesweeney5255 3 ай бұрын
@Renegade-g2w That is the truth and another extremely factor is the trend towards clutter-free living and minimalism.
@fbboringstuff
@fbboringstuff 2 ай бұрын
EBay is a shithole. Crazy prices from nutters Nutters complaining you’re not giving it away… Even when you are!!
@JohnathanMartindale
@JohnathanMartindale 15 күн бұрын
Me too, i can't take it with me, i'll sell it, to all who collect 😅😅😅😅
@Baldy1980
@Baldy1980 3 ай бұрын
Skyline for £3,300 gets my vote.
@beckyrichmond2046
@beckyrichmond2046 3 ай бұрын
A great video, really informative and no need to shoot across the country for content lol let’s have lots more of this as it’s a great barometer of the country’s economy ❤
@simonweakley3479
@simonweakley3479 3 ай бұрын
With potential war and huge tax rises people are scared of spending. I was considering a Porsche Cayanne mark 1, but though no I'll keep my Rover 75 as it is in perfect condition and I would only get a couple of grand for it. As for EV's at £40k new, no thanks, that's a big chunk of my life savings and its not going on a car
@PazLeBon
@PazLeBon 3 ай бұрын
lmao
@JohnFletcher-hz1mp
@JohnFletcher-hz1mp 2 ай бұрын
Looking at the news on telly,don't book a holiday either. Buy a campervan and go hide somewhere in Wales or Scotland.
@PazLeBon
@PazLeBon 2 ай бұрын
@@JohnFletcher-hz1mp why what happened?
@mikejones-go8vz
@mikejones-go8vz 2 ай бұрын
War? 😃
@Ed-xv5jl
@Ed-xv5jl 2 ай бұрын
I dealt with this madness recently when in the market for a 986 boxster. Almost all of them listed at crazy prices (all losted for 3.5k-7k depending on condition). You look at omes which actually sold and its all 2-3k. Ended up buying one for £2200 because it had been listed for months, started at 3.5k and guy just needed it gone. Viewed one that was listed as "perfect" (it definitely wasn't when I inspected it)for 5k, and the guy wouldn't budge, saying its worth that all day long. People don't understand that their car is only worth what the market is willing to pay for it
@cliveprocter3698
@cliveprocter3698 3 ай бұрын
Unless its a £1m collector car classic sale, auctions should be how to get a sale, any sale, on any old car without the hassle of dealing with the great unwashed. It's not for people trying to get retail prices, expect 75% of retail if you are very lucky. Problem is with sellers over optimistic expectations and auctions not being realistic. Yes we think its worth 400 quid and we want 15% + £150 entry cost won't get them much trade...
@geoffnorton9279
@geoffnorton9279 3 ай бұрын
Brilliant vid Geoff. Fast moving, lots of cars covered. Maybe you should go to a few auctions? Take the Mac master along so he can check out the bacon butties and coffee. A winning format!!!
@AI-Records24
@AI-Records24 3 ай бұрын
Oh god no please keep him away bumbling buffoon
@davem9204
@davem9204 3 ай бұрын
Are sellers just putting too high reserves on the cars? Are they just being over-optimistic on how much their car is worth, particularly after the bubble a couple of years ago?
@micksroversmg558
@micksroversmg558 3 ай бұрын
Bang on Dave people bought high during covid now buble burst and all money people are running away from the catastrophic labour government the auction houses will be full of high end classics with all money men running away from the incoming disaster that is Keir Starmer Gonkerment!
@stuartd9741
@stuartd9741 3 ай бұрын
It's the same for housing bubbles.. People could expect premiums of 10/20% on market prices during boom years (post COVID). Of course people buy at the top of the market, own the car for a while, then decide to sell to move on to something else.. At that point they're invested in the car they have to try and claw back some of what they paid..
@bentullett6068
@bentullett6068 3 ай бұрын
They have to put high reserves because they have to factor in auction house selling fee costs.
@7755ian1
@7755ian1 2 ай бұрын
Having spent years in the trade, the reason cars are going through the block (auction) is obvious, something wrong with it, high mileage, it's been stuck on a forecourt for too long, Etc. Etc.
@andyparker3264
@andyparker3264 3 ай бұрын
The cup should read "Geoff is right......AGAIN!!!". Love the channel
@michaelbrooks8332
@michaelbrooks8332 3 ай бұрын
The "again" should be on the bottom so you only see it when he takes a sip
@VintageLynx
@VintageLynx 3 ай бұрын
Escort Estate for me. Most of the others require specialist care but that Escort is totally usable, useful and fun to maintain at home too.
@chrisdstard5644
@chrisdstard5644 2 ай бұрын
Id like a MK2 escort van, but find one of those for less than 15k if at all.
@Bercilakdehautdesert-yt1gd
@Bercilakdehautdesert-yt1gd 2 ай бұрын
@@chrisdstard5644 I had one with a 1.1 petrol/LPG conversion in 1982 and it was a cracking thing. If memory serves I think I got £200 for it when I sold it on with an MOT, about what I paid for it!
@robsmith1a
@robsmith1a 3 ай бұрын
I'm old enough to remember when you could get an old Ferrari for £7K (early 80s). The market then went totally crazy in the late 80s before dropping back a lot (in 2000 I bought a Ferrari 328 for £33k and six years later only sold it for £25k. I guess the same car is closer to £80k now. I think when markets start to fall they can fall fast because the urgency to buy isn't there in the way it is when you expect something to cost more next month.
@PazLeBon
@PazLeBon 3 ай бұрын
so essentially youre a fkn mug lol
@paulgeraghty1448
@paulgeraghty1448 2 ай бұрын
Do you recall the 3 old Italian cars on top gear? Bought for peanuts and now worth many thousands of pounds.
@Molders32
@Molders32 26 күн бұрын
Two things no-one mentions: 1. The increasing difficulty of getting parts for the 'youngtimer' late 80s/90s cars. Oh sure you can go to Autodoc and find filters, brake and suspension components but these cars were often fitted with electronics that are now unobtanium (see for example transistor keys for facelift 1996-2001 Mercedes R129 SL, or things like fuel pump relays, over-voltage protection relays). A friend sold his mint, lovely, low-mile Mercedes W201 2.5-16 Cosworth because he knew that if the EZL module went on the fritz then he'd be stuck with an immobile garage ornament - you can't repair them and you can't get new ones. 2. Fewer and fewer garages are interested in working on these cars - they don't plug into diagnostic computers (or if they do then you need 25 yo specialist software) and they can sit helplessly on a ramp waiting for parts to arrive. Who would you go to now if you had a issue with Bosch KE-Jetronic fuel distributor that might require duty cycle adjustment using a blink code reader, a multimeter and a fine adjustment with a hex key?
@nixswatson
@nixswatson 3 ай бұрын
Very well presented Geoff! I enjoyed seeing some of the cars full screen, interruptions of Future Geoff was a nice touch...look forward to the next one...
@SCR-ce2fs
@SCR-ce2fs 3 ай бұрын
Thanks!
@GeoffBuysCars
@GeoffBuysCars 3 ай бұрын
Thank you!
@amiliogarcia
@amiliogarcia Ай бұрын
My guess is you will see more of these types of unsold cars, due to ULEZ and the introduction of electric cars for the future by 2030.
@johnlesueur1992
@johnlesueur1992 3 ай бұрын
Very enjoyable video....loved the 205GTI .... loved the Escort Estate.... Loved the Volvo cabriolet....
@chrishart8548
@chrishart8548 3 ай бұрын
Good luck getting a rear bumper for that escort estate. Popular spec low as it gets. Even a Popular plus added a world of luxury and the 1.3 hcs engine. I would have loved a 1,8D GL estate version in 1990 as one of the last ones. Would have seemed world's apart vs this.
@sagetheowlfatfeathery2083
@sagetheowlfatfeathery2083 3 ай бұрын
People wouldn’t want an old Aston if they found out the price of servicing and maintenance. In addition, DB7s are just a Jag with a different badge.
@derekr1113
@derekr1113 3 ай бұрын
Geoff - this is one of your best ever videos - thank you
@philipshore6924
@philipshore6924 3 ай бұрын
Lot 446 And Bully's special prize, a speedboat. 🎯
@COIcultist
@COIcultist 3 ай бұрын
Quick trip with the MacMaster to Central Europe and sell it for massive profit in one of the flooded areas.
@willevans429
@willevans429 Ай бұрын
that boat was not expensive, I would have bought it, with a trailer even
@geirarnesen6531
@geirarnesen6531 3 ай бұрын
Excellent video Geoff 👏 Very useful perspective of today's used car market and people's general economy. There are a few channels that report on auctions, but not in your league imo.
@69spook
@69spook 3 ай бұрын
Do we need to add buyers premium to these prices?
@bobroberts6155
@bobroberts6155 3 ай бұрын
Another great Geoff Doesn’t Buy Cars video.
@Jamal_Tyrone
@Jamal_Tyrone 3 ай бұрын
Z3s are well known for having leaky/torn soft-tops, speed bumps can damage the fuel tank, some 1.9-litre engines fitted to 1990s cars suffered premature engine wear and rust is also possible on earliest cars, so check the rear wheelarches and sills for bubbling.
@hamshackleton
@hamshackleton 3 ай бұрын
As a casual browser - a lot of those unsold cars were either fuel-gulpers, or high-rated insurance.
@OsellaSquadraCorse
@OsellaSquadraCorse 3 ай бұрын
Bingo! And right now nobody's buying low MPG stuff pre-budget announcement, when increases are expected. Insurance has - it seems - come down now again, but not yet to pre-2021 levels, but if fuel goes up 10% or more, then a LOT of cars will start getting SORNed...
@chrisdstard5644
@chrisdstard5644 2 ай бұрын
​@@OsellaSquadraCorseApparently EVs should be much more expensive to insure, as they cost more to repair, but they spread the costs across all cars, so we all help pay. And you don't want to be hit by one either.
@jonsubsonic7155
@jonsubsonic7155 3 ай бұрын
Love these videos. I'm off to a classic auction for my next motor!
@alanbarker211
@alanbarker211 3 ай бұрын
Triumph stag :front flasher repeater lenses worth £350, Cylinder heads £1,500 then there is the rest of it!
@Bercilakdehautdesert-yt1gd
@Bercilakdehautdesert-yt1gd 2 ай бұрын
Or just rip it out and stuff in a Rover 3.9 :-)
@aeroearth
@aeroearth Ай бұрын
A 50 pence front flasher lens for £350 ??? I'm in the wrong business. I'll do it for £349.99 !!!
@roberluancoluanco
@roberluancoluanco 2 ай бұрын
I❤your 1/43 model collection at the back of the room.
@mazdaram226
@mazdaram226 3 ай бұрын
I quite like those Cube cars as the guilty pleasure….
@spankeyfish
@spankeyfish 3 ай бұрын
a very practical pleasure, though some parts would be a challenge to acquire
@themotorbikecamper5990
@themotorbikecamper5990 3 ай бұрын
This is great Geoff, to watch, like myself this year i would normally look to exchange my car along with my motorbike, unfortunately with Ulez in force across the country. and pay per mile ready to come into the system, im afraid im going to hold on to what i have, these cars and people, i believe are not spending, simply because, the cost to drive will be to expensive, as you say the car industry is going to be destroyed, an car sales / companies are going to go bust, no one wants to spend for this government to tax us and tax us more n more!!
@blogg9922
@blogg9922 3 ай бұрын
The entire population of potential buyers who live in the Greater London ULEZ area and the Zero Emission Zones creeping across UK like a fungus has gone Add in the demographic factors (older gits into older cars dying off and not being replaced), Road Tax bring very expensive, cost of fettling and not surprising at all
@PazLeBon
@PazLeBon 3 ай бұрын
what age do i officially become a git? 30? 50? 60? 70? 80? 90?
@blogg9922
@blogg9922 3 ай бұрын
@@PazLeBon Some are born Gits, some achieve Gitness and some have Gitness thrust upon them.
@PazLeBon
@PazLeBon 3 ай бұрын
@@blogg9922 haha indeed
@RussH-xk7zp
@RussH-xk7zp Ай бұрын
That R129 is what I've wanted for years, at that price I'd have snapped it up. I've just spent that much on Dewalt power tools.
@scottstrails9369
@scottstrails9369 3 ай бұрын
Great video Geoff ,hopefully the prices keep dropping to enable true enthusiasts to enjoy these cars .Top end classic prices dropping too …most likely reflecting the everyday classics too?
@CaseyLark
@CaseyLark 3 ай бұрын
This is the stuff i want to see, awesome video Geoff
@DERRICKSmith-d8v
@DERRICKSmith-d8v 3 ай бұрын
If you compare prices to when we were coming out of the pandemic then the prices may look cheap. We are in a falling market and we do not know where the bottom is. It is a bit like saying a Fisker Ocean is a bargain.
@victorreid6549
@victorreid6549 Ай бұрын
COVID fever changed people's perception for the worse. Free money from the government made them feel rich. Reality is slowly dawning. Almost everything is overpriced and inflation should be in reverse, but the rich and powerful wouldn't like that.
@blxtothis
@blxtothis 3 ай бұрын
Thank you Starmer and the NightMayor of London, I’ll soon be able to get a classic! Sadly, I still can’t afford any of them even the £0 unsold ones! But I’m still doing the lottery.
@derin111
@derin111 3 ай бұрын
A rusty, automatic E30 320i with 80k miles was never going to be worth £8-9k. That is simply delusional.
@TIMSANDYSURF
@TIMSANDYSURF Ай бұрын
The Aston DB7 and the XK8s look great value. The trouble is the Starmer government are coming for us!!
@guy4469
@guy4469 3 ай бұрын
good morning geoff my E38 is on 268,000 now .These videos are excellent it saves me doing it you do it i watch thanks geoff .Rover 75 ,im on the floor reclining chair in leather.
@grahamk9258
@grahamk9258 3 ай бұрын
Vehicle excise duty, these cars will eventually be taxed off the road.
@roverenderalligator9104
@roverenderalligator9104 3 ай бұрын
My daily Rover 75 1.8 is in lovely nick, well maintained & just clocked 200k. I'm in the ULEZ though & am nervous about the cars slender grip on compliance.
@micksroversmg558
@micksroversmg558 3 ай бұрын
Love a Rover 75more of 820 Vitesse Turbo man but 75 is nice ride!
@guy4469
@guy4469 3 ай бұрын
i had an 820 Sterling quite a big car .
@PazLeBon
@PazLeBon 3 ай бұрын
my e46 2.8 i noticed over 250 now :)
@mrwpg
@mrwpg 3 ай бұрын
The investor car market was a huge bubble that is now coming back down. Geoff style regular cars appear to be holding value better.
@testingtimes7924
@testingtimes7924 3 ай бұрын
The problem with a car that cost £150k when new and then sell's for £10k many years later, is that when it, inevitably, needs repairing the replacement parts reflect the original sale price, not the price you paid. They can be a money pit. The used E.V. market is probably going to be a bottomless pit in comparison though.
@aeroearth
@aeroearth Ай бұрын
With £10,000 - £15,000 for a new EV battery the EV 's vehicle's value at 12-15 years is likely to be negative £1,500 in "government" recycling fees. So at end of life probably best to leave the car unattended in a known downtown car thievery area with a fifty pound note and the electronic keys on the console, maybe with a can of pertol and box of matches.....
@pauljeffries
@pauljeffries 3 ай бұрын
Brilliant video jeff, the classic car videos are ace 👌
@bazg3426
@bazg3426 3 ай бұрын
Brightwells do have a particularly high buyer premium to add onto the sales price.
@Orkneyudh8hggbvhh
@Orkneyudh8hggbvhh Ай бұрын
Remember the fees to add on --- For Vehicles - 12%+VAT (minimum of £150) (e.g. on a hammer price of £10,000 you pay £1,200 premium + £240 VAT to give a total of £11,440, assuming a VAT rate of 20%) PLUS Refundable Deposit £2500 ???? Put the extra fees cost on your winning bid.
@hughjampton1561
@hughjampton1561 3 ай бұрын
It's the tax regime.. no one wants to pay £600 a year
@PazLeBon
@PazLeBon 3 ай бұрын
im skint but tenner a week is fook all
@sandj61
@sandj61 2 ай бұрын
ML Mercedes to 2010 are £700+ to tax, killed the used market.
@victorreid6549
@victorreid6549 Ай бұрын
Then you're not skint, you just justify the expense differently. ​@@PazLeBon
@Farney-gy1qo
@Farney-gy1qo 3 ай бұрын
Lot 446: "Look What You Could Have Won!!!!"
@nikskin30
@nikskin30 3 ай бұрын
Super, smashing, great!
@adams7405
@adams7405 2 ай бұрын
A speedboat?
@T4TipsGuides
@T4TipsGuides 2 ай бұрын
BFH.
@cheapandbald4828
@cheapandbald4828 3 ай бұрын
Brilliant Geoff, quality these reviews
@markuskruger2102
@markuskruger2102 3 ай бұрын
455, for upcoming civil war Apocalypse....
@JohnnyTHolland
@JohnnyTHolland 27 күн бұрын
Drive a W124 Estate a long distance and you would understand.
@Falney
@Falney 3 ай бұрын
I think I'd rather have the original mr2 than the Ferrari body. Not a fan of the conversion. Clearly I'm not the only one.
@keithsmith1009
@keithsmith1009 2 ай бұрын
Good report well presented markets twitching
@andycrawford1356
@andycrawford1356 3 ай бұрын
Road tax and mpg Geoff. 5.5 SL500 V8 is £710 with 13mpg round town.
@JeffPower-dv3zl
@JeffPower-dv3zl 3 ай бұрын
Is it ULEZ compliant 😮
@stuartd9741
@stuartd9741 3 ай бұрын
In Geoff other auction video there was an SL 500 for 7000, which is think is a good price. Maybe Bargain , a lot of car for that money...
@boogboog8097
@boogboog8097 3 ай бұрын
Yes, I remember about 20 years ago in the era of scrappage buyback a tory minister being caught saying the quiet part out loud "we will simply tax old cars off the roads" Old cars of course = poorer people.
@PazLeBon
@PazLeBon 3 ай бұрын
@@boogboog8097 obviously not always especially with classics lol
@garystein9536
@garystein9536 3 ай бұрын
Yeah i liked it. Happy classifieds surfing. Bring on the classics and boats!
@flyinghedgehog3833
@flyinghedgehog3833 3 ай бұрын
Labour gov...khan ulez..VED..ppm..ins..etc
@derin111
@derin111 3 ай бұрын
The Labour Government that came into power 2 months ago you mean? 🤣. As opposed to the government that were in power for the last 14 years, who set the current VED rates? 🤣🤣🤣
@felixarbable
@felixarbable 3 ай бұрын
allot of these cars pass ulez
@TrumanShow-im2ve
@TrumanShow-im2ve 3 ай бұрын
Uniparty and you know it. These parasites are both owned by the wall kissing filth.
@PazLeBon
@PazLeBon 3 ай бұрын
so long as tax the rich more than me im good
@billpugh58
@billpugh58 2 ай бұрын
Aye it’s grim in brexit britain lad……
@thefleecer3673
@thefleecer3673 3 ай бұрын
Wow! Geoff has nuance! Love it!
@StevensPaul
@StevensPaul 3 ай бұрын
The times they are a-changing...
@jonathanhoskins4034
@jonathanhoskins4034 3 ай бұрын
Awesome idea for content. I would love to pick up an old retro classic. Thank you
@POOLEYTONY1
@POOLEYTONY1 3 ай бұрын
It’s the tax and ulez killing it.
@tonyquinn7479
@tonyquinn7479 3 ай бұрын
Great video Geoff, wish I was at that auction .
@jontheodore8450
@jontheodore8450 3 ай бұрын
At this time Mileage is king in the classic car world of values, In Iconic Classic Car Auction a Mk1 Ford Focus RS with under 5k miles as new sold for £75k the same day in Anglia Car Auctions the same car Focus RS with 80k miles in average condition sold for £9.5k. If you are trying to sell a car in a classic car auction with 100k on it you are wasting your time, those days are long gone.
@G-ra-ha-m
@G-ra-ha-m 3 ай бұрын
Sad really as rust is king, in the real world, mileage means nothing in classics.
@micksroversmg558
@micksroversmg558 3 ай бұрын
Graham yep good body what matters milage means nothing!
@derekstocker6661
@derekstocker6661 2 ай бұрын
Thanks for this, most interesting, sadly many of the fabulous cars are worth their money BUT the maintenance cost's are rising and with many "bargains" if something goes wrong there is the main expense and getting even more expensive. Many of these great cars are worth more for the parts than they are complete, try buying new wings or engine for an Aston-Martin, BMW or some of the now very cheap to buy Bentley's. Great video, well done.
@rogerpritchard
@rogerpritchard Ай бұрын
Good classic cars still sell.
@awalk5177
@awalk5177 2 ай бұрын
I think the reason that expensive when new cars are selling cheap is because the VED is an ongoing extortionate tax on cars that were expensive when new. You can buy the car cheap, but then find the government are creaming VED even after 10 years, for the privilege of driving the car. 65 pounds a month for some cars mean that people are basically buying the cars over again and the government are the recipient. This is not about emissions, of power, but is based on the new price of the car when it was originally sold. It is a crazy system. So people drive the cars sparingly and most of the time they are on SORN.
@fredfred2363
@fredfred2363 3 ай бұрын
Future Geoff clip... 🤣😂🤣 I think us petrolheads are becoming extinct. My guess is the reason these cars aren't selling is because people just want modern reliable, cheap to maintain transport. People are scared of classics because of cowboy mechanics. If you don't know a mechanic, where do you go to get your car fixed for a >reasonable< price. Geoff, take a random car to an unknown mechanic and you'll see what I mean. Everyone wants to rip off clients, especially if you turn up wearing a suit.
@sib923
@sib923 3 ай бұрын
Great, Fantastic insight! Esopecially into the unsoldf bargains! Loved that Aston Martin Unsold 1996 DB7!"!!! And the Vanquish Wow what bargains!
@PazLeBon
@PazLeBon 3 ай бұрын
lol sure
@Bruno-xb2mt
@Bruno-xb2mt 3 ай бұрын
8 to 9k for that e30 is too much. Cool car, won’t give you trouble but it’s still old and not daily driver material by today’s standards and if you want a weekend car you’d get something with a more exiting engine and gearbox than that
@sharkeyist
@sharkeyist 3 ай бұрын
Let me explain what geoff hasn't, theres (a)market value, just below that is (b)what people want to pay, subtract (generally) 35-40% for buyer fees, this gives (c) sale/hammer price, subtract 25-30% seller fees from (c), this is (d)what the seller gets for the car. The auction house gives the seller the big bs "we can get you (b) for it", a reserve is set accordingly, and ta dah a list of unsold, overvalued items.
@sirsportscarcollectorlancs9447
@sirsportscarcollectorlancs9447 3 ай бұрын
Just had tax renewal for a 1997 2.0 16v Renault that didn’t do 200 miles last year, £345.00, disgusting.
@bigfist255
@bigfist255 3 ай бұрын
My saab 2003 is 415 but I would like a later one but after 2006 it's 710 quid ,same engine, doesn't make sence,it's just crazy.
@kingsnurglegurglesonthevik4517
@kingsnurglegurglesonthevik4517 29 күн бұрын
The smallest BMW engine was a 1.8i, not 2.0i.
@CRhodesDesign
@CRhodesDesign 3 ай бұрын
Could the reason why some of these are unsold be that insurance is insane these days!? Some of them I was like 'oh that might be worth a look' but then remember I pay £700 for an 4 year old Ecosport, so would hate to see how shafted I'd get on a fancier car.
@OsellaSquadraCorse
@OsellaSquadraCorse 3 ай бұрын
Could be, but...if you shop around it can be dead cheap... Porsche 986 Boxsters and 944/S2 for example as a 'classic' can be £250-280, vs £500+ for a 2015 Subaru Legacy - a car with less power, less speed, less 'kudos;, full 4WD and is a wagon... Similarly TVR wedges and S-Series are even less than that.
@maxnicholls7254
@maxnicholls7254 3 ай бұрын
That was my DB7 Gt that sold. Insurance was 260£ a year for 6000miles PA
@RocketPropelledWombat
@RocketPropelledWombat 29 күн бұрын
That P38 was a steal 🤐
@ianhughes7805
@ianhughes7805 3 ай бұрын
The premiums at auction are putting bidders off
@Gosportinfo
@Gosportinfo 3 ай бұрын
I noticed one with AMS in the number plate, is Alan Sugar selling up?
@Pietervdv
@Pietervdv 3 ай бұрын
Cars in the UK are so cheap if you compare it to Portugal, where I live. The difference is like x 5.
@jfv65
@jfv65 3 ай бұрын
Yes the market for right hand drive cars must be a big factor in that. Only UK and Ireland. Other RHD countries are just too far away.
@benpenagonzales6014
@benpenagonzales6014 3 ай бұрын
France is the same. When my dad lived there a friend sold an old Volvo estate rhd for 3k euros. Would have been £500 at the time in the uk
@martinrichardhorrocks9869
@martinrichardhorrocks9869 3 ай бұрын
Same in Spain, prices for 2nd hand cars are very high, though the cars themselves have been hammered. But Belgium, NL and Germany are similar to UK, better units, lower prices
@jeremywentworth1833
@jeremywentworth1833 Ай бұрын
Why would anyone put a Nissan cube through a classic car auction. Geoff I'm an ex SLK owner mine was the 230k the bottom least powerful off the Kompressors is the 180k not the 200k as you stated.
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