There are a wide range of cars available on auction nowadays, meaning that more and more people are choosing to buy cars through vehicle auctions rather than traditional dealerships.
One of the advantages of bidding and buying on auction is that the cars often sell for very competitive prices, many having been repossessed by banks and other lending institutions.
The bank is not concerned with making a profit; rather, they want to sell the vehicle off as quickly as possible to make up for any losses incurred.
With an increased demand for auctioned cars comes an increase in auction dealers to sell them. South Africa is home to a number of different auction dealers; the top 7 (in no particular order) are as follows:
1. Imperial Auto Auctions
Imperial Auto Auctions (or IAA) are a relatively new company on the auction scene, created to service one of the country’s largest vehicle finance providers (a division of Nedbank MFC), as well as to operate as Imperial Rental Fleet Division’s disposal centre.
Because Imperial Auto Auctions operates as a division of the Imperial Group (with the financial surety and backing thereof), they can boast a competitive advantage over other auction groups.
Since the auction industry is one of the least regulated in the country and is therefore open to exploitation, Imperial Auto Auctions pride themselves as a company listed on the Johannesburg Stock Exchange and are known for their professionalism and integrity within the auction industry.
Click Here to visit their website.
2. Autoworld Car Auctioneers
Autoworld Car Auctioneers were established in 1997, and focus on the distribution of fleet vehicles and moveable assets through auctions. As a member of the South African Institute of Auctioneers (S.A.I.A), the staff at Autoworld Car Auction have proven track records and pride themselves on being reliable experts in their individual fields.
Autoworld Car Auctioneers are partners of blue chip companies such as Viamax Fleet Solutions, Value Truck Rental, Avis Fleet Solutions, Ampath and IEMAS, and hold regular auctions at the Autoworld premises in Midrand.
Visit the website Here.
Having been established in 1911, Burchmores is one of the oldest auction companies in South Africa. It is also the largest vehicle auctioneering company in the country.
The company is a subsidiary group of McCarthy, which provides any prospective seller or buyer the peace of mind that they are dealing with a reputable company and will receive reliable advice and services. Since 1988 (the year they were acquired by McCarthy), Burchmores have auctioned off over 800,000 vehicles.
Click Here to visit the Burchmores website.
Aucor have many years of industry experience in South African vehicle auctions, acting as both the buyer and the seller and providing the necessary support and expertise to both parties.
Aucor opened in 1968, and now has 16 vertical sectors (the widest scope of all South African auctioneers), 12 qualified auctioneers who work full-time for the company and have a combined total of over 150 years experience. Aucor is also the only bricks and mortar auctioneer in the country to operate online auctions, with an international database of over 98,000 sellers and buyers.
Click Here to visit the Aucor website.
5. GavelKing Online Auctions
Instead of a brick and mortar auctioneer, what about trying an online auction service? GavelKing online auctions offer free auctions over the internet with no costs and no obligation – you may bid for free online until you see the asset. GavelKing offers a wide range of high quality vehicles that are going for 30%-70% less than the market price.
6. City Wheels
City Wheels recognise that more cars today are sold on auction than by any other means worldwide, and took note of this trend in the early 1990s. The company has now grown into South Africa’s largest independent car auctioneer.
The City Wheels storage facility is located in Pretoria and is the largest car auctioneering warehouse in the country, housing over 150 vehicles on display one any given day, at any time.
Visit their website Here.
As a company, SMD pride themselves on offering a cheaper alternative for people buying a vehicle, with cars selling at prices affordable to almost any pocket.
SMD sell cars on auction on behalf of private individuals and major insurance companies. SMD have a wide range of stock available (including salvage vehicles), from small sedans to luxurious 4x4s that are on offer nationwide, direct to the general public and well as auto traders.
Click Here to visit the SMD car auction website.