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Old 03-09-2015, 04:30 PM   #740 (permalink)
5 Gears of Fury
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Location: Vancouver B.C., Canada
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Spunky - '90 Honda Civic CX
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The I3 could have been there for a few reasons if I had to guess. The seller could have been hoping that being the first one to go through, there may be interest in it from all the American dealers buying cars up here. When you have a bunch of car dealers that are spending money that has a 25 cent advantage built into it with the current exchange rate, you can end up getting more for a car at the auction than you would retailing it. I saw a Ford Lightning sell for about $7000 more than it was worth on the street here last week. It was a perfect, low KM example of one, but still, people don't walk onto a car lot and offer you more than asking price, sometimes the auction is worth a shot if you have a rare item to sell.

More likely though is that because the car is so close to being brand new (it had 4000 KMs on it), that you could go buy a new one for not much more than buying that one, so why wouldn't you? New cars are easier to get financed, have more warranty left etc than used, and since the price on a 6 month old used car would be pretty close to the price of a new one, most buyers will just go with new.
"Don't look for one place to lose 100 pounds, look for 1600 places to lose an ounce." - Tony DeFeo
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