A Mercedes, BMW and Porsche are among the 'used' vehicles being auctioned off Saturday at the Suffolk Police impound yard. McLoganTV says the Westhampton site expects a capacity crowd and vigorous bidding.
Why the auction interest? According to Consumer Reports, used car prices are rebounding with higher interest rates and monthly payments, in some cases up as much as 50% since the pandemic.
"New cars are still waiting for inventory. The chips are in Taiwan," automotive expert Jeffrey Dietz said.At this auction, all the VIN numbers are available, so patrons can do their homework. "You can do the history of the car, if it's been in an accident, you can see where the car's been purchased or sold before," Dietz said.
Some of the cars, including a Jaguar and bashed-in Porsche, were seized by the department following DWI arrests.Bidding prices start at $500. They accept cash, travelers or certified checks. All sales are final.
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