Why auction a new Camaro - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Silverghost · 02-16-2010, 11:50 AM

I know a guy who works for Adesa Auto Auctions and he was telling me they had four Camaros (one of them a transformer edition) come through with six miles on the odometer.

Anyone know why either a dealer or GM would do something like that with these being as hot a car as they are? It's not like they are not selling.

trashauler · 02-16-2010, 12:19 PM

my guess would be to much dealer stock. Dealers have to pay floor plan on cars in the lot so maybe they decided to quick sell.

2010 SSRS · 02-16-2010, 12:20 PM

Is the Adesa auction shown on TV?

Rogue Leader · 02-16-2010, 12:21 PM

Quote:

Originally Posted by Silverghost

I know a guy who works for Adesa Auto Auctions and he was telling me they had four Camaros (one of them a transformer edition) come through with six miles on the odometer.

Anyone know why either a dealer or GM would do something like that with these being as hot a car as they are? It's not like they are not selling.

Many reasons: Dealer goes out of business and just dumps its whole inventory there, dealer can't get rid of the car (it does happen even with these), car was damaged in transit and repaired, or it could be a trade in from a non-GM dealer. My dealer got a used SS wholesale from a Honda dealer with very low mileage, traded on an Accord, the Honda dealer called and said "WTF do we do with this?". They were gonna send it to auction otherwise.

Rogue Leader · 02-16-2010, 12:23 PM

Quote:

Originally Posted by 2010 SSRS

Is the Adesa auction shown on TV?

Its a dealer auction that goes on weekly where dealers trade or move mostly used cars, and fleets sell out their expired cars.

THUMPER20X · 02-16-2010, 01:15 PM

A dealer probly went out of business a few are starting to close because of the restructuring.

Silverghost · 02-16-2010, 01:28 PM

Makes sense to me, thanks for the replies.

sscamaro · 02-16-2010, 01:45 PM

Some dealers sold them to auction to get more money than selling them to the public.

Scrappy Doo · 02-16-2010, 02:10 PM

Quote:

Originally Posted by sscamaro

Some dealers sold them to auction to get more money than selling them to the public.

This

02-16-2010, 11:50 AM	#1
Silverghost Drives: Z28 Join Date: Jul 2008 Location: Florida Posts: 533	Why auction a new Camaro I know a guy who works for Adesa Auto Auctions and he was telling me they had four Camaros (one of them a transformer edition) come through with six miles on the odometer. Anyone know why either a dealer or GM would do something like that with these being as hot a car as they are? It's not like they are not selling. __________________ Speed Kills - Drive a Ford and live forever! www.rivercityperformance.com

02-16-2010, 01:15 PM	#6
THUMPER20X GM fix my PAINT U suck! Drives: 2010 Black 1SS/RS 6Spd Join Date: Sep 2009 Location: Great Red North Posts: 1,856	A dealer probly went out of business a few are starting to close because of the restructuring. __________________

02-16-2010, 01:28 PM	#7
Silverghost Drives: Z28 Join Date: Jul 2008 Location: Florida Posts: 533	Makes sense to me, thanks for the replies. __________________ Speed Kills - Drive a Ford and live forever! www.rivercityperformance.com

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02-16-2010, 12:19 PM	#2
trashauler Drives: 2010 ABM 2SS RS 2008 Trailblazer Join Date: Aug 2009 Location: Chicagoish Illinois Posts: 186	my guess would be to much dealer stock. Dealers have to pay floor plan on cars in the lot so maybe they decided to quick sell.

02-16-2010, 12:20 PM	#3
2010 SSRS Drives: 3 V8 Camaros Join Date: May 2009 Location: The Ocean State Posts: 111,186 View My Garage	Is the Adesa auction shown on TV?

02-16-2010, 01:45 PM	#8
sscamaro Drives: 2010 2SS, 2017 Silverado LTZ Join Date: Jan 2007 Location: Denver,PA Posts: 3,195 View My Garage	Some dealers sold them to auction to get more money than selling them to the public.