autoAstat weekly statistics

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

Vol.50

October 24, 2023

October 9 - October 15, 2023

1. Auctions sales statistics

The volume of cars at auctions has rebounded and returned to its earlier levels, ensuring a dependable supply of vehicles. Despite this temporary dip, there have been no significant disruptions in vehicle availability. Both auctions have consistently maintained a flow of cars, contributing to seamless operations and a stable inventory for buyers.
Performance metrics, including the number of cars sold and approval ratings, have not only weathered the minor reduction in car volume but are also showing signs of improvement and growth.
In summary, insurance auto auctions provide a stable and consistent environment, with evidence of car volume returning to previous levels. Operations continue to run smoothly, and key performance indicators are not only stable but also showing positive growth trends.

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Top sellers of the week

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State Farm Insurance was the leader in sales this week. They sold 16,750 cars. They are considered the best insurance company to buy from. Progressive Insurance followed with 11,805 cars sold. Geico insuranse sells cars at the highest bid, so it's worth considering them as a seller next time you're bidding.

Salvage cars sales volume

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Top country buyers

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If you have a PRO account with us, you can filter for the buyer's country and see which cars were sold to that specific country. This is very helpful in understanding trends and the market.

2. Car of the week

My personal pick of the week!

2023 MASERATI GRECALE

Final bid: $42,000

The 2023 Maserati Grecale is a stylish and sporty luxury SUV that embodies Maserati's heritage of performance and Italian craftsmanship. Powered by a range of potent engines, it offers a thrilling driving experience with dynamic handling. The exterior design is sleek and sophisticated, with Maserati's signature design elements and distinctive styling cues. Inside, the cabin boasts a blend of luxurious materials and advanced technology, creating an elegant and driver-centric environment. The 2023 Maserati Grecale GT represents a new chapter in Maserati's lineup, offering a combination of sportiness and luxury that's ideal for those who demand both style and performance in an SUV.

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3. The most interesting lots

The best cars this week that deserve your attention

2023 BMW M3

Final bid: $51,000

The 2023 BMW M3 is a high-performance sports sedan that showcases a perfect balance between power and precision. Powered by a robust twin-turbocharged inline-six engine, it delivers exhilarating acceleration and exceptional handling. The exterior design is bold and athletic, featuring aggressive M-specific styling cues. Inside, the cabin offers a sporty yet luxurious experience, with premium materials and advanced technology. The 2023 BMW M3 Competition embodies the spirit of BMW's M division, delivering an engaging driving experience that harmonizes speed, style, and everyday practicality.

2017 MCLAREN 570S

Final bid: $85,500

The 2017 McLaren 570S is a spectacular and high-performance sports car that epitomizes British engineering excellence. Under its sleek exterior resides a potent twin-turbocharged V8 engine, delivering electrifying acceleration and precise handling. The design is aerodynamic and captivating, showcasing McLaren's distinctive styling elements. Inside, the cabin is minimalist yet luxurious, with a driver-focused layout and advanced technology. The 2017 McLaren 570S is a precision-crafted supercar that caters to enthusiasts who appreciate both cutting-edge performance and a true British driving experience.

1981 PORSCHE 911

Final bid: $40,500

The 1981 Porsche 911 is an iconic and classic sports car celebrated for its timeless design and spirited performance. Powered by a flat-six engine, it delivers a thrilling driving experience with a distinctive air-cooled sound. The exterior design is a testament to Porsche's heritage, with sleek and recognizable lines that have remained virtually unchanged for decades. Inside, the cabin is minimalist and driver-focused, featuring a blend of functionality and simplicity. The 1981 Porsche 911 SC represents the essence of the 911 lineage, offering a pure and engaging driving experience for those who cherish the legacy of this iconic sports car.

4. Scam of the week

I've found cars from dealers that had the most auctions or did impressive repairs. Remember to check every vehicle of your interest at Copart and IAAI on autoAstat.

2022 TOYOTA 4RUNNER

Auctions: 25

Selling this vehicle will be difficult. The previous condition is just horrific!I would stay away from it!

2020 JAGUAR F-TYPE

Auctions: 108

It's always important to check autoAstat before buying cars at salvage auto auctions.

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5. Cars with the most bids

Cars that have the most bids are the ones that are most popular among buyers and have the most competition for purchase. It's important to note that just because a car has many bids, it doesn't necessarily mean it's the best deal or in the best condition. It's always important to thoroughly inspect the vehicle and do research on its history before making a bid.

2021 LAND ROVER RANGE ROVER SPORT

Bids: 338

338 bids and no sale!

FINAL BID: $35,750 Not sold

2020 DODGE CHARGER

Bids: 338

FINAL BID: $47,750 Not sold

6. Most Expensive Lots SOLD

2019 FERRARI PORTOFINO

Retail value: $500,000 CAD

Final bid: $194,000 CAD


2020 MERCEDES-BENZ G-CLASS

Retail value: $252,072 CAD

Final bid: $182,600 CAD


2017 FERRARI 488

Retail value: $433,695 CAD

Final bid: $181,600 CAD


7. $25 lots

Salvage Auto Auctions are the place to find amazing deals!My favorite category is...Let's see what $25 can get you at auctions these days... :)

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2006 HONDA ACCORD

SOLD: $3

No way!

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2001 DODGE RAM

SOLD: $25

No, no! This is imposible!

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2007 BMW 5 SERIES

SOLD: $25

$25 for BMW 5 Series?! What!?

8. Price analysis

This week, I am taking a look at one of the most beloved sedans of recent years: the 2019–2024 KIA K5

2019–2024 KIA K5

You can see that the average price for the car was the cheapest in September 2023. And now is the best time to buy a KIA K5!
Did you know? You can analyze any car you are looking for on autoAstat.com! Simply do your search, specify filters, and click on the Statistics tab. This feature is only available with a paid account.

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Top locations gives you a visual perspective on which states sell the specified car the cheapest.As we can see from the analysis, this car is not popular in Oregon. You may want to look for your next KIA K5 in that area!

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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 please share it :) and if you would like to see something else, please 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. It will save you 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.