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Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [2] [3] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
By 1947, the new building with four lanes to auction vehicles opened and soon the partners realized the general public was purchasing their vehicles at the auction instead of their dealership franchises. This action prompted the partners to make Manheim Auto Auction a dealer-only enterprise, making Manheim the largest auto exchange in 1959. [2]
A new auto show is coming to Springfield this weekend. Electric vehicle options and efforts to reduce emissions will be part of the three-day event. New cars, electric vehicles in spotlight this ...
MichAuto started as a grassroot initiative in 2007 to promote and retain the auto industry when it was on the precipice of an economic meltdown.
A Las Vegas auction was added in 2008, [64] held annually at the Mandalay Bay resort. [65] [66] [63] The event was typically held in late September or early October. In 2021, the event switched to a June date and moved to the newly completed West Hall at the Las Vegas Convention Center. [67] [68] [69]