Corolla GR and Civic Type R flippers get burned at auction
Car number one. The seller never disclosed what kind of markup they paid, but when the auction ended, they commented that they're still taking a substantial loss. The car sold at no reserve for $48,550, which was still about $8,500 above the MSRP. Unsurprisingly, many in the comments section of the listing suspected someone had snagged aand was looking for a fat profit. In the seller's defense, the car was listed for"No Reserve," so they were fully at the mercy of bidders.
, having a reserve, having a huge markup and saying nothing about the car all seem to suggest the seller was hoping for a juicy flip.there are a couple of things to take away from this. It seems like people's tolerance for outrageous markups is dwindling. It seems neither car netted bids close to what the dealers were asking originally. Certainly they were still above MSRP, but not by completely insane numbers.
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