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The Firestone-Columbus, a gasoline-powered car geared toward families, began production in 1909. [21] About 500 of the vehicles sold in the first year and it was generally well received in the market. Improvements were made to the vehicles continually as they were produced, as opposed to creating successive model years. [22]
As of 2016, Mecum auctions 15,000 vehicles annually, ranging from muscle cars to pre-World War I vehicles, with annual sales of $300 million. [29] [30] The company specializes in muscle cars from the 1950s to 1970s. [31] By 2017, the company had added separate auction events dealing solely with motorcycles and farmer tractors respectively.
Genuine LS6 convertibles typically fetch between $150,000 and $200,000, with some notable cars, such as the Ray Allen Truppi-Kling race car, reaching $1.2 million at auction. 6. 1971 Pontiac GTO ...
The majority of vehicles entered into auction in the UK are ex-company fleet vehicles and as such usually have a good service history and have been well-kept. [21] Car dealer groups also take advantage of auto auctions in order to sell on any excess stock whilst smaller, local car dealers will use them to fill spaces on their forecourts.
In 1990, the museum sold off almost 70 automobiles by putting them up for auction with Sotheby's. [7] To pay down debt, the museum sold or auctioned 44 cars in 2009, 24 of them through RM Auctions in October. [8] [9] The deaccessions proceeded over public protest and the objections of Kay Crawford, the widow of founder Frederick C. Crawford.
Midget Motors' primary methods of advertising their cars were through small advertisements in popular magazines that appealed to home mechanics. The ads were tiny but effective; they showed a midget car and some earlier ads contained the phrase "500 lb. car for $500.00". The ads brought in a steady stream of interested customers.