While I cannot recall the exact date that I was introduced to the Bring a Trailer website (www.bringatrailer, from hereon referred to as BaT), I can recall the person and the setting. I had been transferred back into HQ at Volvo Cars North America (VCNA), where I finished my career, working there from 2006 to 2009. My boss’s boss, Chris Dauerer, asked me if I had heard of BaT and when I replied in the negative, he suggested that I needed to visit their site immediately. At that time, BaT did nothing more than republish links to interesting cars found for sale on other sites, like eBay and Craigslist. Since then, BaT has grown into one of the largest online collector car auctions, with gross sales numbers placing it at or near the top among competing auctions.
Since that introduction by Mr. Dauerer, I’ve had a daily addiction to the site, and have used it as a barometer of car values. (Compared to “for sale” ads which only tell you asking prices, completed BaT sales give you up-to-date transaction prices.) But BaT has perhaps become too big: the website now closes between 100 and 150 auctions a day! So I’ve pulled back, and have chosen to follow only a handful of makes and models which interest me.
One of those cars I follow is quite unique: the Autozam AZ-1, a Japanese kei car (limited in size and engine displacement by national regulation). While there are other kei cars and trucks, the AZ-1 distinguishes itself further with its mid-engine placement and gullwing doors. These turbocharged 3-cylinder marvels show up on BaT several times a year, and when one appeared a few weeks ago located in NJ, I decided to join the fun. Previous auction results pinned these Autozams in the low-to-mid 20s, but the NJ car had been repainted a non-factory yellow, which I thought might hold the price back. With the current market a little soft, I fantasized that this one might sell in the mid-teens. So now it can be told: for the first time ever, I placed a bid on BaT, throwing my hat into the ring at $7,500. I was quickly outbid, and I raised my bid to $8,100. When that bid held for over 24 hours, a minor panic came over me, as I wondered if I’d remain the high bidder! It was time to see the car in person.
Luck was on my side here. The family was vacationing in Cape May, and I was headed home for several days just to check into things at home. The car was located near Cherry Hill, about halfway between Cape May and home. I made an appointment with the dealer, and arrived at his place about 11 a.m. on a Friday. There was the car, even smaller than I imagined. The dealer, a friendly and accommodating young man named Eli, invited me to look over the car. The size was not an issue (you’re looking at a guy who used to drive a BMW Isetta on the street), but the gullwing doors were something else. While incredible to look at, the high sills made ingress and egress most awkward. Once in the car, room was limited. From the driver’s seat (RHD), the non-adjustable steering wheel was offset to the left. The seats slid back and forth but the seat backs were fixed.
Eli offered to let me drive, but I demurred, and suggested that I would ride while he drove. He had many JDM (Japanese Domestic Market) vehicles on his lot and seemed completely at ease with the RHD. Off we sent, with the cold A/C cranking the entire time. We went onto the highway where I saw 120 kph (75 mph). The car ran well, but there was a loud clunk with every shift, possibly normal for a remote shifter. Aside from the interior access (my wife would never put up with it!), the biggest issue was the driver-quality paint job. I liked the yellow, but didn’t care for the application of it.
I thanked Eli for his time, and concluded that my automotive lust for an Autozam AZ-1 had now been satisfied. I had no reason to worry about the bidding as the car sold for $20,151, five grand higher than I predicted but five grand below other recent sales. It was fun to be a bidder on BaT, as they make the process almost too easy. For me, the real bottom line is that online auctions give you great exposure to a wide variety of vehicles, but I would still greatly hesitate to purchase any vehicle sight unseen.
ADDENDUM
Although I didn’t identify it by make, model, or size class, I did include a different kei car in my blog post from July of this year about the Concours on the Palisades in Fort Lee, NJ. In the Japanese class was a Suzuki Cappuccino, a kei car which happens to use the same 3-cylinder engine as the Autozam.
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