Prestige & Luxury Vehicles The July – September quarter started traditionally with lower Luxury Auctions demand for prestige vehicles due to the EOFY sale period through July and August. By September, we were seeing signs On the 30th July Pickles conducted its first Luxury Vehicle of improvement. That said, our auction results were consistent Auction for the quarter. The auction was held in Sydney at our and clearance rates remained at between 45-50% through this Belmore branch. Gross sales exceeded $3.5million, which was a period as dealers and private buyers continued to search for good great result for the branch and defied general market trends for quality, late-model stock for either resale or for use as the next this time of year. Highlights below: daily drive. Vehicles included Rolls Royce Wraith $345,000, Lamborghini • Huracan $286,000 and a rare 1975 Ford XB Fairmont Coupe Speaking of late-model prestige vehicles, Pickles has seen $74,000 significant growth in prestige rental/lease vehicles returning in the last 12 months from our key vendors. This has been • Fantastic selection of late-model, low km vehicles with most particularly evident over the last 3 months, which has provided stock coming from Finance and Fleet Vendors. buyers with unprecedented opportunities to buy 2016 – 2018 Point of difference with this auction was the large range of • plated vehicles. Most sold with the balance of factory warranty very desirable rare auction vehicles including Audi RS3s, and low kilometres. Examples of the vehicles sold or in stock: Porsche - Carreras, Boxsters, Macaans, Range Rover SVRs, Aston Martins HSVs and more. Large SUV:Audi Q7, BMW X5 Mid-size SUV: Land Rover Discovery Sport, Audi Q5 Small SUV & cars: Audi Q2, Audi A3, VW Golf Mid and small sedans: BMW 530i, BMW 330i, Audi A6, Audi A4 Popular vehicles this quarter included many of those listed above from BMW, Audi, Lexus and the Range Rover range. The SUV categories continue to dominate sales across the industry, taking up 48% of overall sales in September (V-Facts). Vehicles including the Range Rover Evoque, Sport and Vogue, BMW X5/X6, Mercedes GLE/GLA, and Audi Q7 are all selling quickly with some of the highest resale values in their categories. Once again, following closely to new car trends in September, the Mercedes Benz GLC, GLE, GLA BMWX5, X3 Audi Q5 were all the best volume sellers (V-Facts). Fun Fact: Pickles conducted over 35 Prestige auctions during this period in four of our branches – Belmore, Sunshine, Perth and Geebung, offering over 800 prestige vehicles to the market.