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JOZI, BLOEM AND DURBAN: Auction vehicle prices to soften and assets include SUVs and super bikes. BANK-REPOSSESSED VEHICLES ON OFFER

Park Village Auctions (PVA) has announced its next national bank-repossessed webcast auction will be held next Wednesday. PVA’s Clive Lazarus believes now is an opportune time to buy, as the market rebounds ahead of the festive season.

Assets on offer range from luxury SUVs and executive sedans to hatchbacks and mid-range passenger cars, commercial vehicles and even super bikes.

The vehicles are genuine bank repossessed vehicles stemming from Standard Bank, BMW Financial Services, Absa Bank, liquidators and other financial houses.

Lazarus said:

“We’re seeing some brands come back from Covid and, with that, I foresee auction vehicle prices softening. “The timing [as dealers start to stock up for Christmas] means that now is an ideal time for buyers to acquire quality second-hand vehicles at highly competitive rates.

“If you’re in the market for a more fuel-efficient set of wheels, or your undergrad’s runaround, the next online auction will present many viable options.” While the live auction will be entirely virtual, interested bidders can view the vehicles at a local PVA branch from 9am to 4pm next Tuesday:

Gauteng: 221 Main Road, Martindale, Johannesburg.

KwaZulu-Natal: Quarry Place, off Queen Nandi Drive, River Horse Estate, Durban.

Free State: Corner R64 and Valentia Road, Waterbron, Bloemfontein.

The auction will start at 10.30am on Wednesday. To register, visit www.parkvillageauctions.co.za web reference 1080.

For information, contact Park Village Auctions on 011789-4375 or go to parkvillageauctions.co.za