Daisy M

MyCars.co.za Practice Shill Bidding instead of Auctioning Cars - Unethical Business Practice.

The auction company is doing "INSIDER SHILL BIDDING" an extremely unethical business and auction practice. 1. They inflate the trade-in and market price value of cars A car that is worth 180 000 will be priced at 196 000 and they wil still push beyond the asking price using ghost shill bidders 2. They have an asking price on cars - something that is not consistent with auction practice. 3. When bidding gets to the so-called asking price - they bid against the last highest bidder to get 100% plus 10.1% as profit for the company. 4. I asked why they not just sell the car for the asking price as their SHILL BIDDING drives bidding to asking price and beyond - instead of creating stone of anticipation for aspirant car buyers through auction. No proper explanation except that the bank wants the asking price - which is not consistent with bank auctions that I have attended and bought cars from. 5. Communication paperwork is fine - except their unethical practice of INSIDER SHILL BIDDING and should be reported to association of auctioneers. 6. WARNING: Buy at your own peril - as it is not a genuine auction of Fleet, repossessed and private vehicles BUT ordinary inflated sale disguised as Auction. 7. MyCars.co.za is in the business of selling cars at over market price and NOT auctioning cars.