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Join Joe Betty, James Harding, Theo Cook and this weeks special guest Liam Corcoran, head auctioner at @G3VehicleAuctions . We discuss a load of things from bidding techniques, what trends car dealers are missing and general car auction talk.
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James Harding: @ChopsGarage
Joe Betty: @ShiftingMetal
Theo Cook: @bowensgarageross-on-wye
G3 Auctions: @G3VehicleAuctions
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Chapters
00:00 Introduction and Role of Liam Corcoran
02:48 The Stability of the Auction Market
05:53 The Appeal of Unique and Brightly Colored Cars
09:10 The Importance of Condition, Documentation, and Service History
12:00 Effective Bidding Techniques
18:49 The Role of Gut Feeling and Passion for Cars
23:42 Setting the Starting Price and Staying Agile
26:07 Friendly Competition Among Auctioneers
29:43 Challenges and Misconceptions of Buying Cars at Auction
38:43 The Importance of Service History
43:12 The Skill Set and Experience of Auction Buyers
47:20 GDPR and Service History
52:08 Increase in Finance House Stock
57:06 Market for Commercial Vehicles
59:58 Future of EV Prices and Residuals
01:04:03 Challenges and Misconceptions of EVs
01:15:27 The Role of Auctioneers in Building Trust