May 18, 2009 -
Speeding Along
The economy may be in recovery mode, and the automotive industry may be waiting for a jump start, but according to the Chicago Tribune, auctions of classic cars are drawing record crowds across the nation.
"We simply refuse to participate in the recession," said Dana Mecum, chief executive officer of Mecum Auto Auction.
Entering the weekend, 63 percent of the vehicles were sold, according to Tom Christmann, Mecum's marketing manager. That figure has remained steady from before the collapses on Wall Street and in the housing sector, he said.
"The irony is that there are some bright spots in the economy and the car industry. The passion for the old cars is alive and well," Christmann said.
