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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.
There are several cases of scams associated with popular online auctions. [16] With the reduction in travel in 2020 due to the COVID-19 pandemic, United States–based auto auctions companies, like Illinois-based Insurance Auto Auctions and Copart in Dallas, saw rapid growth as rental companies shrunk their fleets significantly.
In 2018, Ritchie Bros. acquired Leake Auction Company, an Oklahoma-based collector car auctioneer. [12] In August 2021, the acquisition of Euro Auctions , a Northern Ireland auction house that buys and sells industrial plant, construction equipment, and agricultural machinery for £775 million was announced. [ 13 ]
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The auction was originally meant as a one-time event, [9] but was more successful than expected, garnering 3,000 attendees. It became an annual event, [6] and eventually prompted the creation of other collector car auctions in the Scottsdale area. [10] Jackson's wife Nellie was a car enthusiast and also took part in the business. [11]
Copart, Inc. is a global provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet and finance companies in 11 countries; the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman and Finland.
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