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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. According to him, "The tenants started calling me in the middle of the night to fix ...
In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]
When the cars appear at auction, which is rare, they command prices attained by only a few marquee cars. In August 2010, Tucker #1045 sold for $1.127 million, [ 25 ] while Tucker #1043 went for $2.915 million at an auction in 2012.
But by last year, US sales at GM, Ford and Fiat Chrysler successor Stellantis had fallen by 47% to 6.1 million vehicle and only 39% of the domestic auto market. Most of that lost market share was ...
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.
The series takes a behind-the-scenes look at Mecum Auctions, America's biggest collectable car auction facility. Each episode features a specific auction, focusing on the unique and collectable automobiles in each auction. [1] The program features Mecum Auctions founder Dana Mecum and son Frank. [2]
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