{"id":203,"date":"2009-04-06T00:00:00","date_gmt":"2009-04-06T00:00:00","guid":{"rendered":"http:\/\/blog.njstateauto.com\/buick-do-not-use\/gm-to-auction-classic-cars-to-raise-funds\/"},"modified":"2009-04-06T00:00:00","modified_gmt":"2009-04-06T00:00:00","slug":"gm-to-auction-classic-cars-to-raise-funds","status":"publish","type":"post","link":"https:\/\/www.njstateauto.com\/blog\/gm-to-auction-classic-cars-to-raise-funds\/","title":{"rendered":"GM to auction classic cars to raise funds"},"content":{"rendered":"

It’s no secret that times are tough for General Motors, but now it seems that the country’s largest automaker will need to auction 100 or so classic used cars to make ends meet.<\/p>\n

The Los Angeles Times reports that GM will be selling about 100 antique and show cars in an effort to raise money for the failing automaker and to reduce warehousing costs.<\/p>\n

Included in the list of cars to be auctioned, according to the paper, is a 1920 Chevrolet<\/a> Model T truck and a 1978 Corvette Indy 500 pace car – one of only four in existence.<\/p>\n

This will be the second time this year that the car company will be auctioning off some of its collection. In January GM sold more than 230 of the cars in its collection, including a 1996 Buick<\/a> Blackhawk Custom which sold for $522,500.<\/p>\n

It is unlikely that the company will sell off any of the one-of-a-kind vehicles it owns and is attempting to rid itself of the many duplicates it currently houses.<\/p>\n

“We realized that we had a lot of duplicates and cars that we could do without,” Greg Wallace, manager of the General Motors Heritage Center, told the paper. “We had three GTOs. We figured, ‘Do we really need three?’ We decided to keep the best one.”<\/p>\n

According to its website, GM’s Heritage Center houses more than 200 vehicles on display along with many other documents and products from GM’s history in its 81,000 square foot space in Sterling Heights, Michigan.<\/p>\n

Find New York Used Cars<\/a> with New Jersey State Auto<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s no secret that times are tough for General Motors, but now it seems that the country’s largest automaker will need to auction 100 or so classic used cars to make ends meet. The Los Angeles Times reports that GM will be selling about 100 antique and show cars in an effort to raise money […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[],"yoast_head":"\nGM to auction classic cars to raise funds<\/title>\n<link rel=\"canonical\" href=\"https:\/\/www.njstateauto.com\/blog\/gm-to-auction-classic-cars-to-raise-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GM to auction classic cars to raise funds\" \/>\n<meta property=\"og:description\" content=\"It’s no secret that times are tough for General Motors, but now it seems that the country’s largest automaker will need to auction 100 or so classic used cars to make ends meet. 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