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Strong demand for city and small cars says City Auction Group after latest auctions

City Auction Group says the city and small vehicle segments performed well at its second auction at Rockingham, with the Mazda3 hatchback achieving the highest CAP value (124.1%), followed by the Ford Focus (123.8%) and the Mini Cooper (112.3%).

There was strong demand for the Peugeot 107 and 207 models, with sensible mileage and aged around three years. These models achieved average returns of up to 111.8%. The Citroen C1 of a similar age achieved in excess of 105.2%, whilst the BMW 1 achieved 104.3%.

Michael Tomalin, managing director of City Auction Group, said: “Over 300 vehicles were sold on behalf of 25 corporate vendors including TrustFord, Lex Autolease, Semalease, Peugeot & Citroen Financial Services, Avis and Budget and many more.

“The current low volume of vehicles in the marketplace assisted with energetic bidding both physically and online.

“From April 16, our auctions will move to fortnightly and we look forward to supplying dealers with a wide range of vehicles at our world-class facility at Rockingham.”

The next auction is at 10am on Thursday, April 16.

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