Bestselling Car Types and Models in Auction House

Auction is now considered as one of the ways to buy high-quality used cars. People usually take this method to get vehicles with cheaper price but better
Auction is now considered as one of the ways to buy
high-quality used cars. People usually take this method to get vehicles with
cheaper price but better engine condition than used cars.
Balai
Lelang Serasi IBIDreported that low multi-purpose vehicle (LMPV)cars
are still the favorites in the auction house. This is seen from the sales of Toyota Avanza
dan Xenia that do not take a lot of time in
every auction.
“They can get sold in one auction. The most difficult type to sell is sedan; the market
does not seem to be interested. It takes two to three auctions before a sedan will be
sold,” IBID-Balai
Lelang Serasi President Director
Daddy Doxa Manurung said, as cited from Kompas.com(January 10, 2019).
This condition is also reported by other auction
houses. “Like in the new-car market, LMPV model is at the top position.In 2018, the most popular LMPVs are Toyota Avanza and
Daihatsu Xenia and their successors,” as written on Kompas.com.
From the total sales of 16,924 used cars in 2018,
Xenia ranked first in used-car search. Avanza contributed
30% to the total sales last year, while Xenia sat on the second position with
sales of 1,596 units.
Small cars or low-cost green cars (LCGC) have started
to gain attention in auction houses. The presence of latest car models also
enlivens used-car auction houses.
Indonesian consumers, as cited from Liputan6.com
(July 12, 2018), who participate in auctions, tend to prefer vehicles with
prices around Rp100 million.
Generally, the sales of used cars through auctions
grow though rather insignificantly. Throughout 2018, Daddy mentioned that 16,924 used cars
and 9,512 used motorcycles had been sold through auctions. This figure is 34%
higher than 11,055 used cars and 2,017 used motorcycles sold in 2017.
The growth of sales through auctions proves the growth
of people’s trust level and knowledge regarding automotive auction.
Meanwhile, in IBID, by the end of 2018, around 24,000 cars had been sold. This
figure is increased by around 4,000 since 2017. Even though the growth is small, Daddy was optimistic
that the industry can still grow.
According to Daddy, the challenge they faced last year was the many
discounts on new cars. Thus,
used cars have only slight difference in terms of price with new cars.
On the other hand, there aren’t many people with the
habit of buying used cars through auctions. This has become a challenge for
auction organizers to make auctions more widely known.
“Moreover, there is also the growth of automotive
auction houses. This is the challenge in the future. This year, the
introduction of auction houses can be expanded to the provinces. So far,
auctions are mostly held in Jakarta. We target 15% growth in 2019,”
Daddy said.
Established in 2007, IBID is a subsidiary of PTSerasi Auto Raya under Astra Group. Anyone can participate in auction, either companies or
individuals, to
buy either in bulk or in units.
IBID
routinely holds auctions every week in more than 10
big cities and has a network in more than 30 cities in Indonesia. By the end of
2016,
around 27,000 four-wheeled vehicles had been sold through more than
500 auctions every year.
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