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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.
Mecum Auctions, Inc. is an American auction company specializing in collector cars and motorcycles. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois . Since 2011, it has been headquartered in Walworth, Wisconsin .
This auction closed with a top bid of $6,038,000 by Dr. Jill Van Horn, a Texas-based physician who announced in an email that she would team up with "partners and investors from Detroit, Wall Street and international firms," to turn the site into an "economic engine", refurbishing the plant grounds for a manufactured-house assembly facility. [35]
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The Ypsilanti Automotive Heritage Museum in Ypsilanti, Michigan is an automotive museum that features cars assembled at the nearby Willow Run Plant and vehicles made by Hudson Motors. The museum is an official site of the MotorCities National Heritage Area , [ 1 ] which is "dedicated to preserving, interpreting and promoting the automotive and ...
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]