In today’s economic conditions, car auctions are becoming more and more common. Some of the top vehicle auction dealers in SA host auctions weekly or bi-weekly in various centres around South Africa.
When people default on vehicle finance payments, their cars will be repossessed by the bank or lending institution. These vehicles will then be sold on auction. One of the benefits of buying in auction is that you can often find good cars for reasonable prices because the banks are more concerned with covering any losses incurred rather than aiming for high profits.
If you are looking for some of the best deals on wheels, try these top vehicle auction dealers in SA to find the right car for you:
For over 99 years, Burchmores has prided itself in buying and selling cars on auction to the public. Burchmores was founded in 1911 as JC Burchmores and it became one of the first companies in South Africa to allow people to both sell and buy a wide variety of vehicles on an auction platform.
The first ever Burchmores auction saw 10 cars being sold; but today the company sells over 50 000 cars per year both on and off the floor. Burchmores are the largest company remarketing vehicles in South Africa, with a turnover of R1 Billion per year.
Another of the top vehicle auction dealers in SA is Aucor, a company with over 40 years of experience in the industry, having been founded in 1968. Aucor have extensive reach throughout Southern Africa (including Botswana, Namibia and Lesotho) and offer not only an auction service to buyers and sellers, but also extend to provide logistics, transportation, finance, pre sales support, post sales support, consultation, insurance salvage and professional assets appraisal. Aucor is also the only land-based auctioneer which operates an online auction service.
These services are provided by 12 full-time auctioneers as well as a host of other service professional employed by Aucor.
With an international database consisting of over 98 000 sellers and buyers, Aucor have also extended a global network of auctioneers around the world to allow for international operations.
In the early 1990’s, City Wheels took note of the fact the vehicle auctions have become a major way of selling and buying cars, and have grown into South Africa’s largest independent car auctioneer. City Wheel’s car auctioneering warehouse in Pretoria is the biggest in South Africa, storing over 150 bakkies on car on display. City Wheels sells over 300 cars per month, many of which well below their market prices. They also employ 5 professional consultants to assist both buyers and sellers. Finance for approved buyers of City Wheels’ deals is available through Wesbank and ABSA.
City Wheels is a South African Institute for Auctioneers member and was awarded a Golden Dealer status on 5 occasions form ABSA Bank.
Park Village Auctions
Jack Lazarus and his sons Roy, Dean, and Clive founded Park Village Auctions in 1983. Over the last 20 years and more, this independent auctioneering company has earned a prominent position as one of South Africa’s premier auctioning firms. As a family business, Park Village Auctions prides itself on commitment to the auctioneering industry as well as integrity all work relations.
Park Village Auctions have a nationwide network, with branches all over Southern Africa. Park Village Auction branches can be found in:
* The Eastern Cape
* The Free State
* Kwa Zulu Natal
* The Northern Cape
* The Northern Province
* The Western Cape
* Swaziland and Lesotho
The company has also established Park Village Africa (Pty) Ltd., as a means of broadening their African footprint.
Imperial Auto Auctions
Imperial Auto Auctions (IAA) is a relatively new auction company, created to service MFC (a division of Nedbank and one of the largest vehicle finance houses in South Africa). IAA is a division of the Imperial Group and is listed on the Johannesburg Stock Exchange. The company is also part of the Imperial Group’s Tourism and Car Rental division.