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The Auto Alliance (AAM) is a defunct trade group of automobile manufacturers that operated in the United States. It was the leading advocacy group for the auto industry, representing 77% of all car and light truck sales in the United States. The Auto Alliance was active in the areas of environment, energy and motor vehicle safety.
The sale, to a private buyer, was for 135 million euros ($142,769,250). It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's. [1]
[5] [6] In 2006, Auction Alliance sold a 25.1% stake to Amabubesi Investments [7] and in 2010 a 31% stake to Transaction Capital. [8] By 2011 Auction Alliance's turnover was over R300 million, with sales of over R6 billion. [9] In 2011, after a well-publicized dispute arose at an auction, Levitt voluntarily closed Auction Alliance. [10]
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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.
Alliance of Automobile Manufacturers, a former trade group of U.S. automobile manufacturers This page was last edited on 11 February 2023, at 20:17 (UTC). Text is ...
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