Auction of Classic Cars Raises $2.37M for Northwood University

Auction of Classic Cars Raises $2.37M for Northwood University

A classic automobile collection donated by a generous couple to Northwood University fetched more than $2.3 million during an auction Friday, Jan. 6, in Florida.

A classic automobile collection donated by a generous couple to Northwood University fetched more than $2.3 million during an auction Friday, Jan. 6, in Florida.

Mecum’s auction raised raised over $2,371,000 to support Northwood University and The Northwood Idea.

Michael and Dianne Morey of Mount Pleasant, Mich., pledged 35 vehicles from their automotive collection, and the cars were auctioned off at Mecum Auctions in Kissimmee, Fla. The auction raised over $2,371,000 to support Northwood University and The Northwood Idea.

“Mike and Dianne’s incredible gift will be forever remembered by Northwood University,” said Kent MacDonald, president of Northwood University. “We have retained a 1958 Chevrolet Corvette to display on campus as a reminder of the Moreys’ generosity and American innovation.”

Northwood University will utilize up to $1 million of the cash proceeds from the car auction to enhance the campus experience.

In 1983, the Moreys believed they could build a wood chipper better than anyone else. Mike left his job, invested in a small workshop and, with six employees and a small operating budget, built the Model 100 Brush Bandit, a 12-inch capacity disc-style chipper. Based on the success of the Brush Bandit, Bandit Industries was created, and Dianne actively joined the company.

Bandit designed and launched the world’s first self-propelled track whole tree chipper in 1990 and continues to lead this industry segment. Bandit operates a network of more than 180 dealer locations worldwide, and it currently has 725 employees. In 2018, the Moreys sold the company to their trusted employees, rather than accepting two offers to sell from private firms.

“The Moreys are stellar examples of how ingenuity, persistence and dedication pave the way for success in a free-market society,” said Justin Marshall, chief development and engagement officer for Northwood University. “Each car the Morey family donated was part of their family story, and the story now evolves with Northwood University inspiring the dreams of young entrepreneurs from throughout the world.”

At the end of Friday’s auction, Mecum Auctions announced that two of the Morey vehicles were the top two automotive sales of the day. The 1967 Shelby GT500 Fastback sold for $330,000, and the 1970 Plymouth Hemi Cuda sold for $275,000. The surprise of the day was a 1981 Teledyne Continental Cheetah, selling for $65,000 (which was well beyond its appraised value).

Northwood University will utilize up to $1 million of the cash proceeds to enhance the campus experience. The remaining proceeds will be used to build the university’s endowment to create new scholarship opportunities for Northwood students.

The Moreys previously noted they are pleased their classic car collection will help support young men and women who want to work hard, build something of their own and positively influence the communities they call home.

“Northwood University is a special place, filled with wonderful students, and we are thrilled to support their mission,” they stated.

Also known as America’s Free Enterprise University, Northwood University’s mission is to create future leaders of global economic and social progress. Those interested in supporting this effort should visit northwood.edu/advancement/give.

You May Also Like

Spanesi Offers Technical Training at U.S. Headquarters

Spanesi announced it is offering training courses at its U.S. headquarters in Naperville, Ill., to provide collision repairers an opportunity to learn from their factory-trained individuals who deliver training across North America. Upcoming training dates are: In the Touch Measuring Course, which takes place from 8:30 a.m.-4:30 p.m., attendees will learn the core fundamentals required

Spanesi announced it is offering training courses at its U.S. headquarters in Naperville, Ill., to provide collision repairers an opportunity to learn from their factory-trained individuals who deliver training across North America.

Upcoming training dates are:

Touch Training Course - April 16-17, 2024

106 and Universal Jig Training  Course - April 18, 2024

RDA Welcomes Matthew’s Auto Supplies

RDA, the largest national group of independent refinish distributors in the nation, has welcomed Matthews Auto Supplies to their organization.

Honda Announces America’s First Production Plug-in Hydrogen Fuel Cell EV

Honda has unveiled America’s first production plug-in hydrogen fuel cell electric vehicle, the 2025 Honda CR-V e:FCEV.

ProColor Collision Rialto Owner Adds New Location in Fontana, Calif.

Fix Network announced that Eddy Samawi, co-owner of ProColor Collision Rialto, has opened a second location in Fontana, Calif.

Crash Champions Donates Vehicle to U.S. Air Force Veteran

Crash Champions recently joined with the NABC, Allstate, and local non-profit partners to change the life of a deserving single father and U.S. Air Force veteran.

Other Posts

GM Launches EV First Responder Training

New online content will help prepare first and second responders for emergency situations pertaining to electric vehicles.

Roy Rogers Body Shop: Established in 1954

Founder Rufus Elton “Roy” Rogers got his nickname from his wife in honor of Roy Rogers, the “King of Cowboys”.

CIF Announces BASF as Repeat Annual Donor

BASF has committed again to the CIF Annual Donor Program, marking their third consecutive donation at the Urgent Care tier.

Consolidator Report

Consolidation news from the week of Feb. 19.