AUCTION NEWS
Repossessed cars offer chance for affordable wheels
Auctions still appear to be providing a good opportunity for those seeking a bargain
The country’s political, economic and social climate has changed in just three months to attract investment, Park Village Auctions says. "In these times investors need to keep a level head to make buying decisions based on reality and educated guesses rather than false perceptions, mass hysteria or, on the other end of the scale, overly euphoric reactions," Roy Lazarus, head auctioneer at Park Village Auctions, says. "It pays to remember that on the upside the markets currently believe in the abilities of the new leadership with resultant currency appreciation and improving market segments. "On the downside the expropriation issue raises concerns for property ownership and is sensitive enough to lead the country into turmoil if not sensitively, but [rather] decisively dealt with once and for all," Lazarus says. "Where does this leave the investor? At a crossroads. Either wait and see what happens, or buy now while the markets are at the bottom of a cycle and take advantage as the wh...
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