It appears that the auction General Motors had planned to rid itself of about 100 classic cars it had in storage and raise money for the failing automaker has been called off by the National Highway Transportation and Safety Administration (NHTSA).<\/p>\n
GM, along with Barrett-Jackson Auction Company, was planning on auctioning off cars which it housed in its Heritage Collection.<\/p>\n
Both companies have pointed out that many of the cars would not be able to be registered and would be sold with salvage titles as they would not be street legal vehicles, but apparently the federal government is concerned that people who purchase the cars will try to get them registered anyway.<\/p>\n
Edmunds cites a story from Sports Car Market which says the NHTSA has halted the auction in Florida for fear of the rogue registration attempts.<\/p>\n
A GM auction in January went through without reprisals from the federal government. At that auction more than 200 vehicles were sold including a 1969 Reggie Jackson Camaro which in a 2007 review Edmunds.com called “pure vehicular violence,” “a cranked-up 24-hour high,” and a “rolling onslaught of rawness.”<\/p>\n","protected":false},"excerpt":{"rendered":"
It appears that the auction General Motors had planned to rid itself of about 100 classic cars it had in storage and raise money for the failing automaker has been called off by the National Highway Transportation and Safety Administration (NHTSA). GM, along with Barrett-Jackson Auction Company, was planning on auctioning off cars which it […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"\n