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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.
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]
Sellers forgo a potentially higher sticker price to take their inventory to a dealer auction where it will be auctioned off for less than retail for a number of reasons. Maintaining aging inventory costs dealers both money and reputation. Most vehicles sold are off-lease returns, replaced rental fleets, company cars, repossessed vehicles, and ...
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 ...
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.
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.