The latest vehicle blitz by South Africa’s leading auctioneers, Park Village Auctions (PVA), show that South Africans have not lost their appetite for luxury cars, and are using more affordable means to find their dream cars through auctions.
At its latest auction in Martindale last week, PVA sold a bevy of luxury cars and took several more offers subject to confirmation.
Among these were notable cars that would otherwise command hefty price tags on the wrong side of a R1 million from new car dealerships. Prices realised include a 2017 Maserati Ghibli with just 18 652km on the odometer, which sold for R620 000. Others included a 2016 Mercedes Benz CLS 350 (23 220km) for R406 000, a 2014 BMW X5 XDrive 4.0 A/T (119 779km) for R300 000 and a 2015 Audi S3 Sedan (120 741km) which fetched R202 500.
Unconfirmed offers were also made on a 2015 Mercedes Benz GLE 63S AMG (73 803kms) sold for R858 000, among others.
PVA’s Clive Lazarus says auctions give discerning buyers the opportunity to buy-up and afford the cars that they aspire to at “much lower than dealer prices”.
“Stock is mostly acquired from bank repossessions, deceased estates and collectors looking to raise capital and as such represent good quality vehicles at a good price,” said Lazarus. “Our auctions offer the-man-on-the-street an opportunity to afford cars that they would not normally be able to buy.”
With the next Martindale auction being held on Thursday, May 9 at 10.30am, buyers are again invited to find their dream car at an affordable price, whether it be an economical car for city driving or a big luxury sedan or SUV. A visit to the auction could well be worth the investment in time.
Viewing will take place on Tuesday, May 7 from 9am-4pm at 221 Main Road, Martindale, Johannesburg.
More information is available on PVA’s website using web reference 287.
The auction will comprise an assortment of bank repossessed passenger, commercial and executive motor vehicles.