Fleet News

High demand for prestige cars

MANHEIM Auctions says demand for prestige cars going through its Wimbledon site signals positive signs of an economic recovery.

The company says that in recent weeks, sales of prestige models, worth more than £25,000, at the site have been strong with a wide range of models from Porsche to Jaguar achieving more than 20% above CAP figures.

Manheim's dealer director, Alan Cureton, said one of the main reasons for this success is its vendors giving good notice of when high value cars are going to be sent to auction, such as the Porsche 911 and Mercedes-Benz E55 AMG.

'When vendors have high value vehicles to sell, if they let us know in advance we can start marketing these cars to buyers we know want this type of stock,' he said. 'Cars such as the Porsche 911 rarely come up for sale outside the Porsche dealer network so this gives our buyers a rare chance to bid on this type of car. The result is that we get more relevant buyers attending the auction and the vendor achieves a higher price for cars,' he added.

Like all cars, specification, colour, mileage and condition are vital to achieve the best prices. Prestige car auction prices (Reg/Yr and price)
BMW X5 Sport 12,594 52/2002 £31,900
BMW 330 Ci Sport 2,586 02/2002 £27,800
Mercedes-Benz S280 19,364 V/2000 £25,100
PORSCHE 911 Carrera 63,747 S/1998 £33,250
Mercedes-Benz S320 CDI 13,800 51/2002 £36,600
Range Rover 4.6 Vogue 25,468 X/2000 £25,200
Mercedes-Benz E55 AMG 19,253 51/2002 £34,700
Jaguar XKR 4.0 convertible 2,444 51/2001 £43,000
Maserati Spyder 561 51/2002 £36,000
BMW 745i 11,418 51/2002 £39,000

  • Source: Manheim Auctions
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