Yesterday the National Highway Traffic Safety Administration halted a Barret-Jackson sale of GM Heritage Fleet vehicles midway through the proceedings. Sources close to the Web site Sports Car Market said that the NHTSA's move was not expected and pointed out that both Barrett-Jackson and General Motors have been explicit in posting written material on the vehicles to the effect that they cannot be registered or driven (the Heritage Fleet all have salvage titles or similar).
credit: afterfate, flickr.comEnlarge Photo
The NHTSA, they say, is nonetheless concerned that collectors will drive the vehicles or attempt to register them for street use.
GM and Barret-Jackson are scrambling to resolve the issue so they can, well, make money. GM recently opened the gates of its sacred Heritage Fleet and put the cars up for sale, in effect raiding the corporate piggy bank to scrape every last bit of cash together that it can as it teeters on the verge of bankruptcy.
The timing of the holdup is unfortunate for GM and Barret-Jackson; as of Sports Car Market's posting yesterday, NHTSA offices had closed and will remain closed today.
Updates can be found at www.barrett-jackson.com.
[source: Sports Car Market]