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  • An update on the auction of cars on June 27-28, 2012: Saabs in Newark

    The first two of a series of auctions will soon take place for Saabs at ports in the United States. Ally Financial obtained a court judgment to the cars after Saab missed payments on the cars. About 900 Saabs have been in storage in Newark (near New York), Port Hueneme (near Santa Barbara, California), and Brunswick, Georgia. There are a few cars in other locations, including a few in Sweden.


    Saabs inside a Port Newark warehouse of FAPS, Inc., the company that processes Saabs after they are unloaded from cargo ships at Port Newark

    On June 27th, there will be an auction for assorted cars, such as former company cars and several 9-4X vehicles that have no title and can only be used for display or parts. Parts of the Heritage Collection are not included.

    On June 28, 2012, the first lot of 45 cars will be auctioned. This lot is part of about 300 cars that will be eventually auctioned to Saab dealers. These cars were selected with the assistance of Tom Backes, part of the Saab National Dealer Council, and others based on their assessment of cars that will likely be sold easier in the United States. Some of the cars are described as "high content" cars.

    About 600 cars will be auctioned to car exporters and/or rental car fleets. By not unloading all 900 cars in the U.S. market, it is hoped that the price of Saabs will not be severely depressed.

    Ally Financial is auctioning the first 45 cars through its established system called Smart Auction. Only Saab dealers may bid as they are already established in the system. Individual cars are being auctioned, not a combined lot of multiple cars. The first lot is being auctioned to gauge interest. There is a minimum bid of 50% of MSRP (retail price). Information of the cars in the first lot of 45 is being submitted to dealers so that they may gauge public interest in the cars.

    Some dealers are open to discussion with the public to bid for a car for an individual customer. Some dealers did not respond to requests from this editor to consider the idea.

    The source at Ally Financial, who requested that the public not contact him because they are unable to handle a high volume of calls or e-mails, said that some dealers might cooperate with each other and arrange for one truck to deliver 10 cars to them. This suggests that shipping costs are additional. If there is a car that an individual is interested in, there are several theoretical possibilities, ranging from the dealer submitting a bid for a fixed fee or the buyer signing a purchase order for a car for a specific price (contingent on the dealer getting the car) and the dealer deciding the bid price and transport arrangements.

    Of the 900 cars to be processed, slightly more than half of them are Saab 9-5. Slightly more than 400 are 9-3 Sports Sedans. Nearly 60 of the cars are 9-3 Sport Combis (wagons). Roughly 28 are 9-4X vehicles with titles. There are few convertibles, roughly a dozen.



    The 45 cars are:

    all at located in Newark, all with moonroof (except as noted). Minimum bids are 50% of MSRP

    9-3

    9-3 convertible, Manual, Laser Red
    MSRP of $43,455

    10 9-3, 2.0T, Automatic, Glacier Silver, Diamond Silver, Nocturne Blue (3), Jet Black (3)
    2 9-3, 2.0T, Manual, Jet Black (no moonroof), Nocturne Blue
    12 9-3, XWD, Automatic, Arctic White, Black (2), Carbon Gray (2), Java, Diamond Silver (2), Nocturne Blue
    1 9-3, XWD, Manual, Carbon Gray
    1 9-3 Aero, Automatic, Jet Black
    1 9-3 Aero XWD, Manual, Glacier Silver

    1 9-3 SportCombi, Automatic, Carbon Gray
    1 9-3X, Automatic, Laser Red,
    MSRP of 9-3 cars: one $29,725, others are $32,570-40,095

    9-4X
    1 9-4X Premium, Automatic, Birch White (with panoramic moonroof)
    MSRP of $41,920

    9-5
    2 9-5, Manual, Jet Black, Fjord Blue (neither with moonroof)
    5 9-5, Automatic, Arctic White (2), Carbon Gray, Diamond Silver, Fjord Blue
    4 9-5 V6, Automatic, Carbon Gray, Granite Gray, Oak, Black
    3 9-5 Aero, Automatic, Diamond Silver (2), Black
    MSRP: two for 39k, others are $46,655-53,780

    Visit the forum thread for discussion and more information: Ally Financial to auction 900 new Saabs stored at seaports in the USA

    All 9-3's have Comfort package, except as noted. All 9-5's have Technology package, except as noted. All cars have moonroofs, except as noted. Minimum bid is 50% of MSRP. Dealers may bid for one car.

    Per request, additional information is as follows:

    9-3

    9-3 convertible, Manual, Laser Red, Premium Audio, Black roof, Comfort package
    MSRP of $43,455

    10 9-3, 2.0T, Automatic, Glacier Silver, Diamond Silver, Nocturne Blue (3), Jet Black (3), all with Comfort package, all with MSRP of $34,670 except $34,120 for one Black car, $35,420 for one Black car with 17" 5 spoke wheels

    2 9-3, 2.0T, Manual, Jet Black (no moonroof or Comfort package) and MSRP of $29,725, Nocturne Blue (Comfort package, MSRP of $32,570)

    12 9-3, XWD, Automatic, Arctic White, Black (2), Carbon Gray (2), Java, Diamond Silver (2), Nocturne Blue, all with Comfort Package, all MSRP of $36,815 except $36,265 for Arctic White and one Black car, $37,360 for Black car with Bose radio

    1 9-3, XWD, Manual, Carbon Gray, MSRP of $36,815
    1 9-3 Aero, Automatic, Jet Black, MSRP of $38,860
    1 9-3 Aero XWD, Manual, Glacier Silver, MSRP of $40,285

    1 9-3 SportCombi, Automatic, Carbon Gray, MSRP of $35,350
    1 9-3X, Automatic, Laser Red, MSRP of $40,095
    MSRP of 9-3 cars: one $29,725, others are $32,570-40,095

    9-4X
    1 9-4X Premium, Automatic, Birch White (with panoramic moonroof)
    MSRP of $41,920

    9-5
    2 9-5, Manual, Jet Black, Fjord Blue (neither with moonroof), MSRP of $39,350 to 39,600

    5 9-5, Automatic, Arctic White (2), Carbon Gray, Diamond Silver, Fjord Blue, MSRP of $46,655 (Fjord Blue and Diamond Silver with no Technology Package) or $49,145 (Arctic White and Carbon Gray, with Technology Package)

    4 9-5 V6, Automatic, Carbon Gray, Granite Gray, Oak, Black, MSRP of $48,855 (Granite Gray and Oak, both with no Technnology Package) or $53,740 with Technology Package

    3 9-5 Aero, Automatic, Diamond Silver (2) MSRP of $51,385, Black and MSRP of $53,780
    MSRP: two for 39k, others are $46,655-53,780
    This article was originally published in forum thread: Ally Financial to auction 900 new Saabs stored at seaports in the USA started by Frank Wulfers View original post
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