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Tag: Mecum Auctions

TMCP #638: Ask Rick! Mecum Kissimmee Shockers — Is the Muscle Car Market Hot or Cooling?

It’s the month of love and football, and Rick Schmidt is back with another edition of Ask Rick to break down what’s happening right now in the automotive world. Rick weighs in on recent comments from Ford CEO Jim Farley about the future of sedans, noting that American automakers have largely abandoned the affordable sedan market—leaving foreign manufacturers, especially Korean brands, to quietly dominate the segment. With early signs pointing toward low-cost electric sedans on the horizon, Rick believes Detroit may yet have an opportunity to re-enter a market it once owned.

Rick also reviews the eye-opening results from January’s major car auctions, calling it a market that “blew the doors off.” Unexpected vehicles crossed the $100K mark, classic ’50s cars held strong, and certain sporty models like the Thunderbird remain undervalued despite high-dollar restorations. The episode wraps with a real-world Mecum challenge: three cars bought under $60K—can one be enjoyed for a year, untouched, and sold at Mecum January 2027 for a win? Rick breaks down the strategy and the risks behind the picks.

TMCP #542: Ask Rick – Mecum ’23 Indy Auction Recap, What Sold, What Did Not, and Why You Need To Check The Paperwork!

It is June and finally the start of summer is upon us (technically it’s June 21st…but who’s counting). The recent Mecum auction ended with some very interesting surprises and apparently some gossip and fallout after the bidding was all done. I Asked Rick what he thought about the prices and investment quality of the offerings this year as well as his take on some cars that I was considering until the prices went up!

TMCP #539: Ask Rick – Good (and Bad) NPD Sponsorships, The End of of the Challenger and Camaro, and Investment Cars!

May is here and car shows are starting up across the nation. Also Cinco de Mayo and Memorial day are around the corner and the official start of summer is near. I hope you have your car out or your project almost done to a point where you can drive it and enjoy the warmer weather. This time I decided to once again Ask Rick about six cars from two different categories.  The first set of cars are of “pedigree”and have either a track record or history that makes them special. The other category is $10k starter cars that are ready to go out and make some summer memories. Ricks take on these is always clear and to the point.

TMCP #494: Ask Rick – Valentine’s Day, Next Gen Mustang, Let’s Make a Deal on a Classic Car

Love is in the air and Valentines day is upon us. This time on Ask Rick, we dive into a subject we love …. and that is (potentially) buying more old gasoline powered classic cars. Rick recently attended the Kissimmee Mecum auction with good intentions of bidding on a few examples. He remarked that the prices were huge and the numbers blew right past what he planned on and kept skyrocketing. In previous episodes Rick said he believes that gas powered collectible cars will go up in value as new options start to dwindle being replaced by silent electric offerings.

TMCP #432: Frank Mecum; Growing Up Inside the Worlds Largest Classic Car Auction – Ask Rick, How Ford VIN Verification Began

This week I spoke to Frank Mecum of Mecum Auctions. In most of my interviews the story starts “at a young age with a love of cars”. This story does have that theme, but begins with two generations of Mecums (including Dana Mecum and his father) working in and owning new car dealerships for years. Early on they came across a large collection of collectible cars that allowed the set up the first Mecum auction ever. The event took place at the Rockford airport in Illinois and after the cars were sold a tornado came through and destroyed nearly everything – including the cars. Frank said that his grandfather owed so many people money after that auction that he had to do it again the next year. The start was humble, but it led to the Mecum auction enterprise we know today.