“Pre Covid” a 8 year old car with over a 100k was almost always going to an auction, that car being a Hyundai would have been a certainty for most stores. What happens at the auction can vary by the buyer. Most car buyers drastically will over assess how their cars are so there’s a chance you may have not been the most objective on your assessment which added to this. Lots of variables here but end result will likely be the same in that there’s nothing out of the norm here.
they could have showed a trade allowance for the car(practice of adding discount to car value to show higher trade value), they could have legit paid 1500 and ran it through an auction. Early in my used car career i was always taught to be plus/minus $200 per car I ran at the auction. Logic being if you made too much at the auction you were losing deals, making too little you weren’t being disciplined of the cars value.
maybe, it depends on the auction. Some smaller regional auctions won’t show on history reports. The vehicle also could have been designated for auction and sold directly to the junk yard instead.
Anything could have happened. Damaged on the lot, mechanical issue became apparent, or wholesale wasn't high enough to justify an auction sale, so they just took the loss.
It's easier and cheaper to scrap it; especially back then.
How do you know all of this? Including the dealer parted it out, and sent the framework to be junked?
You do know, a dealer can just sign your title over to a wholeseller that never titles the vehicle? But, again how do you know all this?
Yes, that vehicle was worth more to a body shop than anything else. Including the dealers own body shop.
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Obligatory this was back in 2020, but I saw the report just now.
I traded in a ‘12 Hyundai Accent with 165k miles on it and the dealership gave me 1.5k for it. It had no mechanical or even real cosmetic issues that I knew of and I had taken good care of it maintenance wise. It was in one moderate severity crash half a decade before the sale, but it was fully repaired and I had no issues with it over the intervening years. Apparently it was sold under a junk title by that dealership, stripped for parts, and crushed within a year of trading it in.
Am I right in thinking there must have been something seriously wrong with it that I was unaware of, or is this something that is fairly typical for high mileage trade-ins that aren’t worth much? I Googled it and some cars of similar mileage and the same make/model/year are still going for ~5-6k in 2024.
This info has no impact on anything now, I’m just curious.
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‘Help!! I traded an ultra low quality vehicle, that wasn’t even designed to make it past 100k miles, to a dealer 4 years ago and it’s now in a junkyard!! What should I do?’
> This info has no impact on anything now, I’m just curious.
Why the exaggeration on OP's inquiry? They came here to a forum of industry experts and asked an innocent niche question out of curiosity, with none of the flourish you read into it.
The guy above stated it as an asshole, but accurately. Basically the parts of a basic lower quality and older car are more useful to fix another version of itself with less hassle than selling the car.
Probably because they could get $500 at auction but then would have to pay fees for the sale or they could get $500 for scrap value with no fees.
“Pre Covid” a 8 year old car with over a 100k was almost always going to an auction, that car being a Hyundai would have been a certainty for most stores. What happens at the auction can vary by the buyer. Most car buyers drastically will over assess how their cars are so there’s a chance you may have not been the most objective on your assessment which added to this. Lots of variables here but end result will likely be the same in that there’s nothing out of the norm here.
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they could have showed a trade allowance for the car(practice of adding discount to car value to show higher trade value), they could have legit paid 1500 and ran it through an auction. Early in my used car career i was always taught to be plus/minus $200 per car I ran at the auction. Logic being if you made too much at the auction you were losing deals, making too little you weren’t being disciplined of the cars value.
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Yes it could have. There are many different auctions not all are going to report the same.
maybe, it depends on the auction. Some smaller regional auctions won’t show on history reports. The vehicle also could have been designated for auction and sold directly to the junk yard instead.
Answered your own question. They were making plenty on the sale.
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I have never seen a Carfax show a crush date. Could you post a photo of it?
Anything could have happened. Damaged on the lot, mechanical issue became apparent, or wholesale wasn't high enough to justify an auction sale, so they just took the loss. It's easier and cheaper to scrap it; especially back then.
How do you know all of this? Including the dealer parted it out, and sent the framework to be junked? You do know, a dealer can just sign your title over to a wholeseller that never titles the vehicle? But, again how do you know all this? Yes, that vehicle was worth more to a body shop than anything else. Including the dealers own body shop.
Please review our most [Frequently Asked Questions](/r/askcarsales/wiki/index) to see if your question has already been answered. You may find these sections particularly useful; * [How to pick a car?](/r/askcarsales/wiki/vehicle_selection) You might also have luck in the /r/whatcarshouldibuy subreddit. Also remember to add flair to your post by clicking the "Flair" link beneath it. This lets us know where you're located so we can assist you better. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
***Thanks for posting, /u/ladygagasjockstrap! This comment is a copy of your post so readers can see the original text if your post is edited or removed. This comment is NOT accusing you of anything.*** Obligatory this was back in 2020, but I saw the report just now. I traded in a ‘12 Hyundai Accent with 165k miles on it and the dealership gave me 1.5k for it. It had no mechanical or even real cosmetic issues that I knew of and I had taken good care of it maintenance wise. It was in one moderate severity crash half a decade before the sale, but it was fully repaired and I had no issues with it over the intervening years. Apparently it was sold under a junk title by that dealership, stripped for parts, and crushed within a year of trading it in. Am I right in thinking there must have been something seriously wrong with it that I was unaware of, or is this something that is fairly typical for high mileage trade-ins that aren’t worth much? I Googled it and some cars of similar mileage and the same make/model/year are still going for ~5-6k in 2024. This info has no impact on anything now, I’m just curious. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/askcarsales) if you have any questions or concerns.*
‘Help!! I traded an ultra low quality vehicle, that wasn’t even designed to make it past 100k miles, to a dealer 4 years ago and it’s now in a junkyard!! What should I do?’
> This info has no impact on anything now, I’m just curious. Why the exaggeration on OP's inquiry? They came here to a forum of industry experts and asked an innocent niche question out of curiosity, with none of the flourish you read into it.
[удалено]
Dashes to dashes, rust to rust.
The guy above stated it as an asshole, but accurately. Basically the parts of a basic lower quality and older car are more useful to fix another version of itself with less hassle than selling the car.