It’s been nearly two decades since Detroit’s last major auto auction, but the city is ready to get back on the auction block once again this year.MTV’s Detroit Auto auctions series is coming back to the city in the fall for the fourth time, this time with an eye on the city’s historic downtown and the Motor City’s thriving automotive industry.
The Detroit Auto auction series has long been a source of entertainment for Detroiters, with celebrities from John Travolta to Beyonce appearing at auctions.
In 2014, the first ever Detroit Auto Auto Auction, the largest auto auction in US history, sold for more than $1 billion, more than triple the previous record set at the 2007 auction.
Now, the series is returning to the historic downtown for the fifth time, with more than 20 million people expected to attend the October 31 auction.
This year’s auction will be the first to feature a full-scale car and the first time the series will be taking place on Detroit’s downtown, with a total of 7,500 vehicles on sale.
The cars are expected to be worth between $50,000 and $70,000.
There are no set numbers for each car, but a number of high-end cars are estimated to sell for more.
The cars include:The 2016 Ford Mustang GT, the highest-earning vehicle in the series, sold at a $30,000 price tag.
Ford also offered a pair of $15,000 Ford Fusion SUVs at the auction, with one of them coming in at $30 million.
There are also plenty of high end sedans on the block, including the 2017 Audi RS6 and the 2016 Hyundai Sonata S.
Auctions are often a source for entertainment for the city, and it’s expected that this year’s series will draw crowds from all over the city.
This will be Detroit’s fourth consecutive year hosting an auto auction.
The last one was in 2005, when Detroit hosted a car auction that was only accessible to the residents of Detroit’s inner city.