The Low Volume Motor Vehicle Manufacturers Act, which was pursued by SEMA for several years prior to its passage, met with mixed feelings from the hot rod world. Many feared that it would diminish the value of original versions of collector cars.
Despite any previous concerns, the act has allowed defunct auto manufacturers like Cord to re-emerge on the scene without devaluing the original vehicles. If anything, the act has helped stabilize the value of the first run vehicles while allowing others to purchase and enjoy the extremely rare car of their dreams.
Cord automobiles were manufactured from 1929 to 1932 and again in 1936 and 1937 by the Auburn Automobile Company. Their streamlined designs and innovative engineering brought elements like front-wheel drive and hidden headlights to the marketplace. Electromechanical shifting, marketed as “servo” shifting, was another milestone innovation from the brand.
Under the provisions of the Low Volume Motor Vehicle Manufacturers Act, companies are allowed to sell up to 325 reproductions per year, of a model that is at least 25 years old, and must include a full powertrain.
We can’t wait to see which version of the Cord that Corbell and company are going to release. One thing will be certain: If you are going to want one of these masterpieces, start saving your pennies now. They may not cost as much as the original copies but they won’t be cheap.
Article courtesy of Rod Authority, written by Bobby Kimbrough.