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      07-05-2009, 11:15 PM   #4
Bdez
Private First Class
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Australia
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Drives: E92 M3 Jerez & Fox & X5 3.0d
Join Date: Feb 2008
Location: Brisbane

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Thatís actually not an unusual return for auctioning a late model prestige car of this type. The auction price is around 40-45% of the pre accident market value because the insurer would have replaced it with a new one in all probability (less than 2 years old). On this basis Iíve seen returns for late models HSVs and the like much higher in the past. The average return for flood damaged vehicles across the board is around 30% which includes old and newer models. Go figure !