Failed Carbon Motors' Police Car Prototype Goes To Auction

Buying A Used Car: Police Auctions

But earlier this year, Carbon quietly filed for bankruptcy not long after unceremoniously abandoning their Connersville plant. The company blamed their troubles, in part on getting turned down last year for a $310 million loan they sought from the U.S. Department of Energy, a loan they said they were led to believe would be approved. Carbon's pricey failure has left a bad taste in the mouths of the people of Indiana, who thought the company would bring 1,300 jobs to a troubled city, according to the Star: Needless to say, the auction isnt stirring much excitement in Connersville. Its a shame, said David Devor, a former Fayette County commissioner. That wont make a dent in what they took us for. He compared the vehicle to a bottle of snake oil. Thats exactly what they were, he said. Snake oil salesmen. The newspaper says that Jay Leno has already expressed interest in buying the car. The E7 going to auction is a prototype created for sales purposes not meant to be driven on public roads. No starting price has been announced. I always wanted to drive this thing, so if its future buyer is reading this: feel free to let Jalopnik know! Source:

Insurance Auto Auctions Recognized By Enterprise Holdings For Service

If its a police car or other government-duty vehicle, expect that its spent a lot of its life so far idlingwhich isnt at all good for engines. You also probably have zero access to maintenance records. Avoid the crime scene. What do municipalities sometimes do with vehicles involved in violent crimes? You guessed it; they push them out to auction. Are there bullet holes? Were door panels removed? Youd best move on to the next possibility. No chance for a second opinion or inspection. In most cases, you have some limited hours to check the vehicles out in person, but they cant leave the premises. full mechanical inspection. Source:

According to the company, the E-7 can run on bio-diesel fuel and features an automatic license-plate-recognition system, touch-screen computers, shotgun mounts, and cutaway seats that make room for a police officer's heavy belt. It has a top speed greater than 150 mph and can go from zero to 60 in 6.5 seconds, according to the company. But the vehicle isn't likely to appeal to the average driver it's not street legal. "It's a very unusual motor vehicle," Efroymson said. "It's a prototype created solely for sales purposes and not to be driven on public streets. The likely interested parties would be collectors of cars that would only be driven on private streets." No starting bid price has been set, but the auctioneer is authorized to spend up to $20,000 to market the car. Carbon Motors plans to pay those expenses with the sale proceeds. It's a shame. That won't make a dent in what they took us for. David Devor, former Fayette County, Ind., commissioner Carbon Motors filed for Chapter 7 bankruptcy in June, listing $21.7 million in liabilities and $18,976 in assets. Creditors include German car company BMW , which provided the vehicle's platform, and Troy, Mich.-based Inteva Products . Source:

Collector cars up for auction

ET Insurance Auto Auctions Recognized By Enterprise Holdings For Service Text Dallas/Fort Worth Auction Is Among Winners of 2013 Auction Achievement Awards WESTCHESTER, Ill., Nov. 12, 2013 /PRNewswire/ -- Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced that its Dallas/Fort Worth, TX facility received the Enterprise Holdings 2013 Auction Achievement Award in the Damaged Vehicle category. "We are excited to receive this award from an industry partner such as Enterprise Holdings in acknowledgement of our work," said John Kett, president of Insurance Auto Auctions. "We take great pride in our staff and their outstanding contributions which make this award possible. Enterprise has a high bar for others to follow and we are honored to be recognized for our efforts in providing Enterprise with the best value possible." Enterprise Holdings, which operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, recognizes auctions across the U.S. for their excellence in strategic planning, communication, operational success, customer service, marketing and reconditioning. The awards are presented in two categories: whole car auctions and damaged vehicle auctions. Source:

Failed super cop car goes to auction

Motostalgia is a showcase of more than 80 collector cars, all of which will be auctioned off Saturday afternoon at the Austin Convention Center. Part of the proceeds will go to charities like Dell Children's Hospital, the Make-a-Wish Foundation and the Wounded Warrior Project. Go here to see the cars being auctioned. Antonio Brunet is the event's founder, and a car collector himself. He's been a Formula 1 fan since he was a kid. "I have a passion that I can't fight, for cars, and as I was growing up, after I graduated from college, I figured that this could be the way to actually achieve both -- to be doing what my passion is and at the same time, helping humanitarian efforts," Brunet said. The value of these cars ranges from $30,000 to as much as $5 million. Visitors who can't afford the cars can still look at them onFriday andSaturday, and even get inside one. Motostalgia is an amazing opportunity to combine two of the most exciting aspects of motor sports -- auctions and racing,"said Yusuf Johnson, Motostalgia's vice president of finance and operations. "So, we've got this incredible race this weekend out at the Circuit of the Americas and this incredible auction going on here at the Austin Convention Center." When asked who Brunet favors in Sunday's F1 race, he said, "I think they're all fantastic drivers, but I particularly like Sebastian Vettel." This automotive lover's showcase is perfect timing for F1 weekend. Source:

Car auctions: A look back at most expensive models sold

In addition to the Ferrari F300, his collection has included: Michael Andretti's 1991 CART World Championship LOLA Indy Car John Lennon's "Austin Princess," the modified car featured in the 1973 documentary "Imagine" Jeff Gordon's 1994 NASCAR Brickyard Winner A STP 70 1968 Lotus previously owned by Richard Petty and driven by Graham Hill at Indianapolis Motor Speedway the most famous turbine race car in history A 1953 Ferrari Timossi-Ferrari 'Arno Xl' Hydroplane currently on loan to the Ferrari Museum The Ferrari F300, which was recently advertised nationally in USA Today, is a rare car in Formula 1 (F1) history. Valued between $950,000 and $1.15 million, the car was driven by both Eddie Irvine and seven-time Formula 1 World Champion Michael Schumacher. In offering the F1 car to the Motostalgia auction, Milton Verret stipulated that a portion of the proceeds from the sale go to some of the local charities Verret supports, including Dell Children's Medical Center and Make-A-Wish of Central and South Texas. As one of only nine F300 cars ever made by Ferrari, the car is a valuable auction item. Notable Ferrari sales at recent auctions suggest that proceeds from the F300's sale could far exceed the car's estimated value; A similar Ferrari F1 race car sold for $2.2 million at an auction in August and a 1963 Ferrari GTO racer sold for a record $52 million in October, making it the world's most expensive car. Verret has often contributed rare cars from his collection to various charitable causes. Most recently, the 1998 Ferrari F300 Formula 1 car was displayed at the March of Dimes' Signature Chefs Auction hosted by dealership owners and car enthusiasts Rebecca & Bryan Hardeman. About the 1998 Ferrari F300, Verret remarked, "This F1 car looks like it goes 200 miles an hour standing still. And to have your hands on the same steering wheel Michael Schumacher held onto is really something amazing. It's going to be hard to let go of the car, but it's for a great cause." While it will be among 75 other collector cars, such as a 1977 Shadow Formula 1 DN8-4A and a 1996 Benetton Formula 1, Milton Verret's F1 Ferrari F300 was a welcome addition to the Motostalgia auction. Source:

Milton Verret Adds Ferrari Formula 1 Race Car to Motostalgia Auction

To begin with, it's the 1957 Ferrari 250 Testa Rossa that was sold for $16390000 at the Gooding & Company auction during the Pebble Beach collector car extravaganza. The car is commonly known to collectors as the "666 Testa Rossa, as its has been given serial number 0666TR from the Ferrari factory. Interestingly, all of the subsequent Testa Rossas were based on this prototype. It struts of breakthrough "pontoon" bodywork and a 3.0-litre V12 engine. Car auctions: A look back at most expensive models sold Two other classics of the aforementioned brand that have been acquired by bidders at sky-high prices at Maranello, Italy are 1957 Ferrari 250 Testa Rossa and 1962 Ferrari 330 TRI/LM Testa Rossa. Amounts paid for both these car were $12402500 and $9281250, respectively. These swanky vehicles are famed for the reason that drivers like Phil Hill and Olivier Gendebien twice won the coveted 24 Hours of Le Mans race, in these cars. Another line-up catalogued in the list is 1961 Ferrari 250 GT SWB California Spyder. This model of the sports car maker was bought by Oscar-winning actor James Coburn, bought and was owned by him until 1988. Source: