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On May 25, 2010, the Indiana Auctioneer Commission revoked the auctioneer's license of Dean Kruse amid charges that the company failed to pay clients who had sold items through the company. [1] On July 1, 2010, Kruse sold its auction park, home to the annual Auburn auto auction, to RM Auctions of Canada. [5]
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]
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. According to him, "The tenants started calling me in the middle of the night to fix ...
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]
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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.
In the 1980s, Manheim acquired its first non-U.S. auction in Toronto, Canada, making Cox an international company. In 1997, Autotrader.com was founded revolutionizing the way people buy and sell used cars. In 2014, Cox Enterprises brought its automotive-related businesses (which by then included vAuto and NextGear Capital) together under the ...
Known to many as the "Dean of Auctioneers," Kruse was once a well-respected member of the collector car hobby. [3] A 1957 graduate of the Reppert School of Auctioneering in Decatur, Indiana, Kruse cried his 5,000th auction in Houston in 1987, and is reportedly one of the youngest men to even attain that goal. Kruse is a former Indiana State ...
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