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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.
The National Independent Automobile Dealers Association was founded in 1946, and serves as the representative body for over 38,000 used vehicle dealers in the United States. It is the only national level non-profit organization representing the independent motor vehicle industry. It is headquartered in Arlington, Texas. [1]
An automotive part retailer is a retail business that sells automotive parts and related accessories to both consumers and professional repair shops, through physical stores and websites. [1] Some automotive parts retailers also offer customer support and services related to automotive maintenance and repair.
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 ...
Dealership in 2009 were facing closure of its company in many different states, they even consider moving their headquarters from downtown Detroit. Their main focus was to try and used different ways to avoid closure. The National Dealers Association look at the crisis from the 1970s to see what effects it had on the car business. [37]
The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
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