Blogs

The highlights of a Luxury lifestyle

The last two quarters of auctions were a busy time for Pickles Prestige and Luxury vehicle teams. Whilst the winter months leading in from the end of the financial year are generally quieter, as vehicle demand slows, we saw the market gaining strength from early September and strong results at the Pickles Luxury auctions. We held Luxury sales in Melbourne in August, Sydney in October and our...
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The rewarding results of diversifying risks

The rewarding results of diversifying risks We recently provided our clients with a general market report for the last two quarters of 2016. What we have found is that sales have been strong over these two quarters. We achieved good results for fixed price retail selling, public and dealer auctions, dealer only auctions, dealer tenders and online auctions.   Vendors...
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Rare Holden Torana On Auction

  We regularly see exemplary prestige and collectible vehicles come up for auction here at Pickles. Sometimes these vehicles also have a very unique history we find worth highlighting. The A9X is part of Holden's third generation Torana line. The A9X was heavily modified for performance and based on the L34-optioned LH model, designed specifically to win the...
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End of local manufacture unlikely to damage used car values

As stated by the AFR (Australian Financial Review) today, Fleet managers should be looking at the pipeline of new model releases and consider the impact they will have on used car values this year. The flow on effect from the introduction of new model vehicles has a significant effect on sales of superseded versions, creating a conundrum for the fleet manager. Pickles Auctions...
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Luxury Vehicles' Journey to Instagram

Photographing a luxury vehicle has always been a bit of an art. To do justice to the design, as well as to adjust for speed and the lighting conditions of dramatic outdoor backdrops is quite a science. But is it any different when photographing them for social media? Bloomberg took a look at what they consider to be some of the best luxury car feeds on Instagram - a medium with an...
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Understanding Millennial Collectors

  The "Millennial" generation - those born roughly between 1980 and 2004, has been the focus of much speculation for the automobile industry and those surrounding it. Some believed this generation would forego car ownership almost completely, in favour of ride-sharing services like Uber. Also, some feared that when this generation did buy cars, luxury and performance vehicles...
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Corporate insolvencies fall to eight-year low

As reported in the Australian Business Review , this year Australia has seen the lowest rate of companies falling into insolvency since 2008. The analysts, FTI Consulting, expect insolvencies to continue to trend downward at least through early 2017. Whilst insolvency is at an 8 year low we have seen some of the largest closures and receiverships in recent years in retail, mining,...
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Recreational Auctions Sydney now Exclusively on Pickles Online

Recreational Auctions Sydney now Exclusively on Pickles Online From January 9, 2017 all Sydney recreational auctions will be hosted on Pickles Online. This means you will be able to easily browse and bid on all Sydney based recreational items from wherever you are!    This counts for the following product lines:  - Motorcycles (including postie bikes) ...
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What to expect at a Luxury Car Auction

What to expect at a Luxury Car Auction Stop dreaming and start preparing -- it's time to get ready to buy the luxury car you deserve. From 6pm on Monday, November 28, you can take part in our luxury vehicle auction in Geebung.    Here's everything you need to know about preparing for the auction and what to expect when you bid with us on the day.   ...
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Understanding the influences of residual value

There are many factors that shape the used motor vehicle market. Recently, Hertz Global Holdings reported third-quarter profits that badly trailed analysts' estimates and cut its annual earnings forecast. Some expected this be explained by the effect of Uber, Lyft and similar ride-sharing services on overall demand. While they did see minimal decreases in rental rates and...
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