Auction Day: Putting All The Holy In Toledo

300,000 miles. Precious few vehicles get up to this point of longevity without some serious issues. This afternoon over 90 vehicles were auctioned off in front of over 90 dealers. Only 1 car hit that miestone. A plain-jane 1997 Toyota Camry with substandard paint and a broken front bumper on the driver's side. Check engine light on. Prior Rental. Title Branded. Scratches galore. It went for over $2300. That was one of many "Holy!" moments. 2003 Jeep Grand Cherokee Laredo: 141k, Auto & Alloys, No Roof: $5500 2006 Toyota 4Runner Limited : 139k, Prior Fleet, Loaded:   $12,700 2000 Ford Focus SE Wagon: 198k, Auto & Alloys, No Roof: $2800 2006 Honda Civic LX: 114k, Auto only, $8100. 2007 Ford Expedition XLT: 205k, Prior Rental, Leather, 4WD No Roof: $10300 1996 Ford Windstar GL: 98k, Forest Green, Xmas Tree Dash: $1750   You may see a small trend here. SUV's for all of the griping and moaning about gas prices, are still in demand. In fact there were two Explorers that went for more money than what I paid for the exact same vehicles four years ago. A 2000 Explorer Eddie Bauer with 171k went for $3350 and a 1999 XLT model with leather went for $3650. This was not to be outdone by a 2002 Toyota Camry repo with an assortment of dents and scratches that went for $6700. That nearly matched one that I bought 3 years ago that was in clean condition. There are a lot of strateiges that I try to use in the course of an auction. Holding bids when the auctioneer is looking for price support. Delaying my next bid after five or six have gone through, to encourage doubt and uncertainty as to the vehicle's value. Bidding in front of allies and potential allies who abide by the king's rule of 'looking out for each other'. In some sales you can get your advantage by doing these things. But today? I may as well have been in Toledo bidding against 90 strangers. I finished second with the following vehicles and took back nothing. 1994 Toyota Camry XLE: 185k, Auto, Leather & Roof, Good Carfax: Stopped at $1800 1998 Toyota Camry LE: 101k, Auto, LE model, Scuffs on passenger doors: Stopped at $3000 1999 GMC Jimmy: 199k, Clean, 4WD, Leather, Roof: Easily Financed: Held at $1500… sold at $1600   The good news is that I got seven other vehicles last week. Most of which were at ridiculously low prices and resembled the "Hit Em' Where They Ain't" philosophy I try to embrace at the auctions. You can always find a good deal. Just not at a popular auction during tax season. Speaking of which, feel free to let me know what was the worst deal you have ever seen in your retail travels. from The Truth About Cars http://www.thetruthaboutcars.com

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