International purchased the unsold DeLoreans and partially completed DeLoreans still on the assembly line and assembled approximately 100 cars to finish the remaining production on December 24, 1982. Sales and production Sales Prior to the release of the DeLorean, there was a waiting list of eager buyers, many of whom paid over MSRP. However, that exuberance subsided very quickly and production output soon far exceeded sales volume. October 1981 was the highest month of sales for DMC with 720 vehicles sold but by December, the US was falling into recession and interest rates were rising which further negatively impacted sales. Despite this, instead of reducing production, John DeLorean doubled production output, further adding to the inventory of unsold cars. By the end of 1981, DMC had produced 7,500 cars but had sold only 3,000. By this point, DMC was in a financial hardship having sold only 350 units in January 1982 and in February of that year, DMC was placed into receivership. In February 1982, unsold 1981 model year cars were “priced for immediate clearance” in hopes to make room for the more expensive 1982 model year cars. In March, telegrams were sent to all 343 dealerships requesting each buy six cars to help save the company; none of the dealers responded with a sales order. By this point, dealers were sitting on unsold inventory as were the quality assurance centers and hundreds more sitting on the docks in Long Beach, California. By the end of May 1982, production at the factory was shut down. Another attempt in July 1982 was made to revive sales by offering discounts to dealerships and offering a 5-year/ warranty with the first year or portion secured by a major insurance carrier but this was not successful. Bruce McWilliams, VP of Marketing for DMC and later acting President for DMC America, after resigning his position said, “The car could never be sold in the numbers John DeLorean predicted". Production Production information was lost or scattered upon the shutdown of DMC and production figures for the DeLorean have never been verified based on official factory records. Despite some unexplained VIN gaps, based upon VIN information, owners have been able to piece together the approximate quantity of DeLoreans produced. In February 1982, DMC was placed into receivership and the factory continued to operate at a reduced production rate until the end of May. When Consolidated International acquired