Sale Process

Key Challenge

ONYX was retained as the exclusive sales agent in a Chapter 11 sale of 283 new modified / upfitted Jeep Wranglers, with an MSRP of approximately $16 million. Due to a NHTSA safety recall the vehicles could not be sold individually or to end users, necessitating a bulk sale offering to licensed dealers only.

Key Takeaway

In addition to the bulk sale offering, ONYX conducted separate, global on-line auctions of the fabrication and automotive assembly equipment contained within the JRV facility as well as for their after market and custom parts inventory.

See Sale