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In 1968, Ritchie Bros. Auctioneers held its first auction with gross proceeds in excess of CA$1 million, in Edmonton, Alberta, Canada. [4]: 39 Edmonton was also the site of the company's first permanent auction site (on company-owned land), which was established in 1976. Until then, Ritchie Bros. had been conducting its auctions on leased land.
*Note: this list includes joint-ventures based in Michigan, subsidiaries of Michigan-based companies also located in Michigan, and companies based in Michigan currently owned or controlled by private equity, venture capital, or other similar entities. Below is a separate list of outside companies with a significant presence in Michigan.
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.
Donald E. Massey (April 28, 1928 – June 9, 2011), known as the “Cadillac King”, [1] was an American car dealer who owned a chain of automobile dealerships in the United States. At his peak, Massey was the largest Cadillac retailer in the country, accounting for approximately 6% of the brand's sales.
Auction chanting is a method of conducting live auctions frequently found in North America where it is practiced in English, Spanish, French and other languages. It is much less common outside North America, [ citation needed ] and the most notable exceptions within North America are auction houses with significant ties elsewhere in the world ...
Elon Musk has lost bragging rights as the world’s wealthiest tycoon to Bernard Arnault, the French patriarch behind luxury goods giant LVMH, following a disastrous January during which Tesla ...
By 1966, Manheim Auto Auction established itself as the world's volume leader, selling off 45 vehicles per hour or 700 cars/trucks on a given Friday night at the 16-laned auction. Adding closed-circuit television, the dealers and wholesalers watched the auction from the new cafeteria in its expanded building.
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.
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