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Introduced at the 1909 Chicago Auto Show, it became popular and sold 2,000 units a year, all made at the 400 Dublin Road plant. By 1912 there were more cars of this brand than any other in Columbus and the company was producing 2,000 a year. [23] But it also struggled to compete with cheaper competitors, notably the Ford Model T. [21]
Mecum subsequently traded his remaining trucks to a North Carolina man in exchange for 40 collector cars; these, in addition to his own collection of 15 cars, prompted him to hold an auto auction. [3] The company's first auction was held in Rockford, Illinois in 1988. It was intended as a one-time event, but was derailed by 90-mile-per-hour ...
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.
1920 Jordon Playboy at Crawford Auto-Aviation Museum. The Jordan Motor Car Company was founded in 1916 in Cleveland, Ohio by Edward S. "Ned" Jordan, a former advertising executive from Thomas B. Jeffery Company of Kenosha, Wisconsin. The factory produced what were known as "assembled cars" until 1931, using components from other manufacturers.
Company founders Claud Dry and Dale Orcutt, airplane pilots turned car designers, [1] first sold the King Midget as part of their Midget Motors Supply operations in Athens, Ohio. Dry and Orcutt were inspired by their experience flying the Civil Air Patrol to create a car based on aircraft construction principles. [ 2 ]
The Kruse family is also noted for conducting the $41 million sale of the famous William F. Harrah automotive collection. The sale of this 1,000-car collection was spread over three auction sessions in 1985, 1986 and 1987. The company was sold to ITT in 1981, but the family bought it back in 1986.