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Last updated on April 23, 2014 at 10:55 EDT

Leake Auction Company Announces New Spring Auction

October 10, 2013

TULSA, Okla., Oct. 10, 2013 /PRNewswire/ — Leake Auction Company just announced the addition of a spring auction to their annual schedule. The new auction will be held April 25(th) and 26(th), 2014 in Dallas Market Hall. Car enthusiasts can expect the same level of quality, service and excitement that Leake Auction always delivers. The company expects 400 cars to cross the block during the two-day sale.

“We have been looking to add another sale to our auction schedule for some time,” stated Richard Sevenoaks, president of Leake Auction Company. “Dallas is very accessible for travel and car transport. We have actually been working with Dallas Market Hall for close to 10 years to secure a date for a spring auction. With our current auction schedule, we needed a date that would fit a certain timeframe. This is the first year we have been able to make it work.”

2013 has been a record year for Leake Auction Company and is trending to be one of their strongest years to date. During their Oklahoma City sale, they hit $5.6 million in sales and had a sell through rate of 75 percent. The company had a 41 percent increase in sales during their Tulsa auction compared to their 2012 auction. The 2013 Tulsa auction generated $11.8 million in sales, with a sell through rate of 68 percent. The Dallas 2012 sale hit $6.7 million in sales with a sell through rate of 58 percent.

Leake Auction Company was established in 1972 as one of the first car auctions in the country. More than 40 years later the auction company has sold over 34,000 cars and currently operates auctions in Tulsa, Oklahoma City and Dallas. Recently they have been featured on several episodes of two different reality TV series – Fast N Loud on Discovery and The Car Chasers on CBNC Prime. For more information, visit them online at LeakeCar.com.

Jennifer Tetley, 918.254.7077
Jennifer@leakecar.com

SOURCE Leake Auction Company


Source: PR Newswire