Impounded cars auctions ‘a flop’ as only 10 of 300 get sold
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Auctions of impounded cars organised by Transport Malta have been an abysmal failure as only 10 out of more than 300 vehicles were sold over the last two years, the Times of Malta was told. Industry sources explained that, more often than not, the vehicles oImpounded cars auctions ‘a flop’ as only 10 of 300 get sold
Auctions of impounded cars organised by Transport Malta have been an abysmal failure as only 10 out of more than 300 vehicles were sold over the last two years, the Times of Malta was told. Industry sources explained that, more often than not, the vehicles on offer were “overpriced” as the buyer also had to foot the bill for any pending fines and registration tax. “In 2017, I attended two auctions, which were utter flops. Out of roughly 30 cars on offer each time, only two to four were sold,” a car enthusiast said. “One of the vehicles on offer was a left-hand drive Porsche but its starting price of €6,000 was prohibitive because apart from paying all seizure, towing and storage costs, as well as the registration tax, the car needed extensive repairs,” he added. The ‘unwanted’ cars end up being destroyed as Transport Malta does not have enough storage facilities. According to official figures, the regulator impounded 637 cars since 2017, which translates to almost one every day. “These cars are seized following reports or during patrols,” a Transport Malta spokesman said. Such action was taken in cases when the owners failed to regularise their position by accumulating road... Read more














