Isn't that the cars 1st go to an auction at webuycars before being made available to the public and that's where the good ones are bought by dealerships?
Spot on. Every booked-in car goes through Auction. That runs typically for 48 hours or so from the day booked in. Most clean cars are bought through that process. This was introduced to give everyone a fair chance and also gives a bit more profit to WBC on certain cars (I watched an E46 M3 auction move from R250k to R400k). They ALL (dealers) bid in the last 5 to 10 minutes towards Auction close.
(Ask me how I know, saw a mint Porsche cayman beginning 2023, went to test drive it, everything checked out (condition of car, spare keys, stock std, books, Porsche history). also found contact of previous owner, called him up (this is not allowed), said was his wife’s extra car, fsh with Porsche, was just offloading. As I didn’t know the process, I disinvested the cash from investment the minute I got home. Sales man had guided me on what to do, the next morning around 8:30am, I paid R5000 deposit to partake in auction, placed a bid. I thought I was winning as no one made a change to my bid. Watched this like paint dry, even told my wife, “its coming” out of sheer excitement. Called Porsche (Paulshof) on a few things.
Come 11:55am, 5 minutes before Auction closes, mayhem began: I am outbid, I bid again, outbid, till I gave up. Sales man called me up to check if I won at the auction so he claim the sale. When I told him I lost, couldn’t believe it, he then shared the whole 411 on this. The car stood a week (on website and floor) whoever bid against me couldn’t come up with funds, then more mess happens: the sales manager had his friend interested, the minute the other deal fell off it was under “In Progress” on the website. Sales manager’s friend is a dealer. That car was on the sales floors within 2 weeks at R150k more. All that was done was a mere “valet”.
You can imagine my heart rate and blood levels!!!!!
In a nutshell:
New good stock goes via auction
Some good ones missed from auction go within a week post auction (a day or 2 after).
The ones on floor post that are usually
1) higher priced: interested buyers waiting for price to drop
2) rare scarce / uncommon models (dealers buy stock that moves quick)
3) The sh*tty ones waiting for the rookie buyer