Breaking News: Government Halts Barrett-Jackson Sale of GM Cars | FerrariChat

Breaking News: Government Halts Barrett-Jackson Sale of GM Cars

Discussion in 'American Muscle' started by tritone, Apr 9, 2009.

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  1. tritone

    tritone F1 Veteran
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    #1 tritone, Apr 9, 2009
    West Palm Beach, Florida: Midway through Friday's collector car sale, representatives of the National Highway Traffic Safety Administration (NHTSA) forced Barrett-Jackson to stop the sale of certain cars from the GM Heritage Fleet. Our sources tell us that this order from NHTSA was completely unexpected; Barrett-Jackson and GM have been extremely careful to note, in written material posted on the cars, which GM cars are sold on "salvage titles" or similar, and cannot be registered. Apparently, despite this, NHTSA is concerned that someone "might try" to register the cars for the street.

    GM and Barrett-Jackson are attempting to resolve this so that the cars, which have been heavily publicized and have drawn bidders from across the nation, can be sold. Unfortunately, discussions are hampered by the fact that the relevant NHTSA offices are closed for the day, and reportedly will be closed tomorrow as well.

    For updates, go to the Barrett-Jackson web site, www.barrett-jackson.com


    Good ole Uncle Sam, jus tryin to be helpful.....

    and BTW, don't those cars belong to us GM debtholders?, I mean, like, all of us taxpayers......?
     
  2. SSNISTR

    SSNISTR F1 Veteran

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    #2 SSNISTR, Apr 10, 2009
    That makes no sense, why stop them from raising capitol?
     
  3. xotik

    xotik Formula Junior

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    #3 xotik, Apr 10, 2009
    That sounds like a pretty weak reason for halting the sale. What about all the other salvage title cars out there being sold? Are they about to set a precedent for the sale of all cars that can not be legally registered?

    Hmmm....
     
  4. xotik

    xotik Formula Junior

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    #4 xotik, Apr 10, 2009
    They just announced that the matter has been resolved and the cars WILL be sold.
     
  5. tritone

    tritone F1 Veteran
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    #5 tritone, Apr 10, 2009
    GM Cars Back for Sale at B-J

    West Palm Beach, Florida: The following statement was released by Barrett-Jackson this morning: "The Acting Administrator of NHTSA, Ron Medford, has communicated to Barrett-Jackson that previous issues concerning the sales of the GM Collection have been resolved and all sales can go forward."

    Reportedly, negotiations between GM, Barrett-Jackson and NHTSA led to an agreement, emphasizing that the cars being sold on "salvage" or "not able to be registered for the road" status were under no circumstances to be registered for road use.

    Midway through Thursday's collector car sale, representatives of the National Highway Traffic Safety Administration (NHTSA) forced Barrett-Jackson to stop the sale of certain cars from the GM Heritage Fleet, due to concerns about buyers attempting to register non-qualifying vehicles for street use
     

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