All articles tagged with #car auctions
Bring A Trailer pulled a listing for a 1999 Cadillac DeVille after readers spotted AI-generated photos with inconsistent details, prompting apologies from BaT leadership and a discussion about tightening verification and inspection practices to prevent AI-driven misrepresentation in online car auctions.
A Miami woman reveals that dealer-only car auctions can offer cars for as low as $800, but access typically requires a dealer's license, which involves a multi-step process and costs. Alternatively, unlicensed buyers can pay dealers to bid on their behalf. The auctions are heavily inspected, providing transparency and potential savings for buyers, especially those running businesses like Turo.
Hertz is selling its used rental Shelby GT500 Mustangs at high prices, with one 2022 model listed at $150,000 despite having over 22,000 miles. This pricing is significantly above market value, as similar models have not reached such figures in recent auctions. Hertz claims their no-haggle prices are below market value, but third-party valuations suggest otherwise. The high mileage and rental history of these cars may deter potential buyers.
A crashed 2004 Maybach 57, once worth $305,000, is now being auctioned off by Copart with an estimated retail value of $45,029 due to rear-end damage, showcasing a depreciation of over $450,000. Despite its former opulence, the car's luxury features, such as heated and cooled seats, DVD players, and navigation systems, are now standard in many vehicles. With a twin-turbo V12 engine, the Maybach's value as a luxury car has diminished, and it is expected to sell for under $45,000, raising the question of whether it would be a good deal for potential buyers.
Crashed Teslas from the US are being sold to auction houses, which then ship them overseas to Ukraine where they are repaired and sold. Former owners of these Teslas are still connected to their cars via software, receiving tracking updates and even accessing their Spotify accounts. The cars are being brought back to life and made available for sale in Ukraine, despite being written off in the US. The process involves shipping the wrecked cars to Ukraine, repairing them, and selling them at a profit. The situation highlights the challenges of untangling oneself from a connected vehicle and raises questions about the security of personal data and access to car features.
A 1982 Lamborghini Countach LP500S, which was showcased at the Geneva Motor Show that year, has been unearthed from a storage facility where it had been sitting for over 20 years. The car, which features a 4.8-liter V12 engine, was purchased by Quiet Riot guitarist Carlos Cavazo and federalized with the installation of a BMW fuel injection system. It has 41,000 miles on the odometer and is being offered for sale by Gooding & Company in "as-found" condition for $785,000.