Archive for January, 2011
DETROIT (AP) — General Motors Co. sold more cars and trucks in China last year than it did in the U.S., for the first time in the company’s 102-year history.
Despite GM’s growth in China, Toyota Motor Corp. held onto the title of world’s largest automaker. The Japanese company reported 8.42 million sales worldwide last year. That’s 30,000 more than GM’s 8.39 million.
GM said Monday that it sold 2.35 million vehicles in fast-growing China, about 136,000 more than it sold in the U.S., with China sales surging 29 percent as an expanding middle class gained wealth. Sales in the U.S., including heavy-duty vehicles, rose 6.3 percent as GM continued to rebound from its 2009 stay in bankruptcy protection.
It only took 3 minutes to reach and sell for $120,000 plus a 10% buyer’s premium.
Update: Saturday night, after the hammer fell, Tammy Allen purchased the car from the original winner, for an undisclosed price. The car will be on display in her car museum in Grand Junction, Co.
Additional Barrett-Jackson stories and news:
SCOTTSDALE, Ariz. – Jan. 21, 2011 – Executives with Barrett-Jackson released a statement today about the 1963 Pontiac ambulance (Lot # 1277) to be sold at No Reserve on Saturday, Jan. 22, 2011. The car is part of the 40th Annual Barrett-Jackson Scottsdale Auction from Jan. 17-23, at WestWorld of Scottsdale.
“The sale of this vehicle has received media attention from around the world. It has also generated considerable dialogue among and interest from Kennedy historians and even enthusiasts dedicated to the preservation and study of historical ambulances.
As you know, we work diligently to verify to the best of our ability the representations of consignors on every vehicle we offer for sale. In the case of this vehicle, we applied a heightened level of scrutiny because of its historical significance.