autoAstat weekly statistics

Weekly statistics, trends, prices, insights, auction scam and the most interesting vehicles from the salvage car market

Vol.1

November 7, 2022

1. Auctions sales statistics

October 31–November 4, 2022
Salvage vehicles sales of 60,345 units for the first week of November represented a decrease of 5.3% (3,402 cars) from last week. Cars volume though represented an increase of 23%.There were 42,490 more cars at LIVE auctions this week. Average approval dropped 12.1% 
I assume buyers offer lower prices for cars and therefore there were less sales.

Cars Volume vs Cars Sold

Cars went through LIVE auctions:Copart: 96,285 (⬆15.3%)IAAI: 88,787 (⬆31.3%)
Sold cars:Copart: 45,070 (⬇5.6%)IAAI: 15,275 (⬇4.5%)
Sale approval:Copart: 47% (⬇11%)IAAI: 17.2% (⬇8.8%)Avg: 32.6% (⬇12.1)

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Top sellers of the week

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Geico Insurance was the leader in sales this week. 12,361 cars sold which represented 20.5% of all cars sold. Every fifth car sold at salvage auctions belongs to Geico! State Farm insurance followed with 5,995 cars sold. Geico sells cars at the highest bid, so consider this seller next time bidding.
Dealers at Copart were able to sell 1,305 vehicles. 63% less than last week!Good job everyone identifying staged cars and not getting into the trap!

Salvage cars sales volume

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2. Staged cars of the week

I've found lots from dealers that had most auctions or impressive repairs. Remember to check every vehicle of your interest at copart and IAAI at autoAstat.

2016 DODGE CHALLENGER

Auctions: 4

Adding wide body kit won't sell this car for top dollars! Good try, cheater!

2007 MERCEDES-BENZ S-CLASS

Auctions: 68

Always check autoAstat before you buy at salvage auto auctions.

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3. Top lots with most bids

The intense bidding competition. What are these hot cars everybody wants to buy?

2018 LAND ROVER RANGE ROVER SPORT

Bids: 351

351 bids and no sale! Do the seller knows it does not work when he bids against himself?!

FINAL BID: $41,750 Not sold

2018 CHEVROLET TAHOE

Bids: 330

FINAL BID: $39,500 CAD Not sold

4. Most expensive lots

2021 LAMBORGHINI HURACAN

Retail value: $275,000

Final bid: $209,000

I like this one! Theft recovery. No damages. Seller is an insurance company. Amazing color combo. Someone got amazing car with $60,000 discount!

2018 FERRARI 488

Retail value: $349,000

Final bid: $183,000

50% discount for water flood damage. 

2019 PORSCHE 911

Retail value: $248,905

FINAL BID: $119,000

Turbo S! 911! 50% discount. Rear end damage. Fixable! I like it.

5. $10 lots

Salvage Auto Auction is the place where you can find an amazing deals! My favorite category...Let's see what $10 could get you at auctions these days... :)

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1996 YAMAHA VIRAGO

SOLD: $2

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1997 CHEVROLET BLAZER

SOLD: $3

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2016 DODGE DART

SOLD: $4

6. Price analysis

Looking for the best deal on a car? Do you want to see whether the price is going down or up for the chosen period? You can easily do it with autoAstat. Today I am analyzing 2017-22 Tesla Model 3

2017-22 TESLA MODEL 3

You can see that the average price for the car was the cheapest in March, 2022, then went up. Right now it is at the decline towards March prices again.You can analyze any car you are looking for, do your search, specify filters and click on Statistics. That's it.

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Top locations gives you visual perspective which state sells the specified car the cheapest. As we see by the analysis of Tesla Model 3 this car is not popular in Alabama :)

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Want to get a detailed price analysis for any vehicle? Try autoAstat now by clicking the button below.

That's all for now. 
If you like this report and would like to see something else - email me directly at moc.tatsaotua%40ofni
And don’t forget to check the vehicle history before buying and use our statistics to determine the best price to buy - it will save your time and money! Buy smart with autoAstat!

Alex autoAstat team ❤️
P.S.: if you have a PRO account you can search All makes and models and do your own analysis per week, per month, per quarter or even a year. PRO has the tools to do proper analysis of the current salvage market.