1940 Packard One-Twenty Touring Sedan

Description

OFFERED WITHOUT RESERVE 

Out of a combination of a lifelong automotive passion and an unyielding desire to support the people of his Alabama community, the Generous Collection was born. Mr. Greg Rusk, a successful business leader in the cardboard industry, with a big heart for helping families and friends in times of need, would regularly pay overly generous fees to acquire an interesting vehicle. After decades of collecting and supporting local automotive enthusiasts, the Rusk family is ready for these vehicles, each with their own story, to write their next chapter back on the road, where they belong.  

The Generous Collection debuts with Part 1 offering over 200 cars in October, all offered without reserve, emerging from years of long-term silent storage. Many additional lots will be offered in the coming months. From the quiet shadows of the Generous Collection to the sunshine of backroads and highways, enthusiasts now have the opportunity to own a piece of a generous car-collecting legacy. 

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The 1940 Packard One-Twenty Touring Sedan was a hallmark of Packard’s strategy to offer luxury and engineering excellence at a more accessible price. As part of the 18th Series, the One-Twenty was Packard’s mid-range model, bridging the gap between the entry-level Six and the prestigious senior Packards. The Touring Sedan, designated as body model 1392, featured elegant styling with a long hood, flowing fenders, and Packard’s iconic grille.

Built on a 122-inch wheelbase, the 1940 One-Twenty Touring Sedan was powered by a 282-cubic inch straight-eight engine producing 120 horsepower. It offered advanced features for its class, including independent front suspension, hydraulic brakes, and optional overdrive — enhancing both ride comfort and fuel efficiency.

Inside, the car boasted a well-appointed interior with quality materials and thoughtful details, reflecting Packard’s commitment to craftsmanship. The Touring Sedan body style provided spacious seating for five, making it a popular choice among families and professionals seeking refinement without the cost of a senior Packard.

The 1940 model year was the last to use the “One-Twenty” name before Packard restructured its naming conventions. As Packard’s brochure said, “The more you look... the more you’ll want one.”

Highlights

• Offered from The Generous Collection

• Finished in blue with blue upholstery

• 282 cu-in inline eight producing 120hp

• Column-shift three-speed manual transmission

• The chassis number (1392-6395) decodes as:

  • 1392 – Packard One-Twenty Touring Sedan

  • 6395 – Sequential production number

Features

• Steel wheels with hubcaps wearing 6.50-16 BF Goodrich Silvertown whitewalls

• Sealed-beam headlamps (new for 1940)

• Woodgrain dash and window moldings

• Steering wheel with Packard crest

• Safe-T-fleX independent front suspension

• Safe-T-fleX rear suspension with hypoid axle and rubber-floated leaf springs

• Servo-Sealed hydraulic brakes

Known Imperfections

• While reasonable efforts were made during preparation for the sale, due to the volume of cars in this collection it was not possible to diagnose or detect all imperfections present in the cars. 

• Running boards are worn

• Passenger side rear fender paint chip

• Windshield and window seals are cracked

• Front floormats and rear carpet is worn

Included

• Keys

• Spare tire and jack

• Extra parts

Ownership History

This 1940 Packard 120 Four Door Sedan is offered from The Generous Collection of no reserve automobiles.

Additional Notes

A Broad Arrow Auctions Specialist is working as an agent on behalf of the owner of this vehicle. Broad Arrow Auctions is a wholly owned subsidiary of Hagerty.

Contact: William Cooper  Phone: 469.463.4542  email: wcooper@hagerty.com 

Alabama Sales Tax Notice to Bidders: Because this car is located in Alabama, the selling dealer may be required to collect and remit Alabama state sales taxes of up to 2% of the purchase amount, even if the buyer plans to register the car outside of Alabama, if (a) the buyer is located in AZ, CA, FL, IN, MA, MI, or SC (capped at $500 in SC), and (b) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives the car or transports the car out of Alabama on a personal trailer). Additionally, the selling dealer may be required to collect and remit Alabama county or city taxes from buyers located outside of Alabama, if (a) the buyer does not transport the car out of Alabama using a common carrier (e.g., if the buyer drives or transports the car out of Alabama on a personal trailer), and (b) the buyer fails to provide an executed Drive-Out Certificate for Nonresidents. For additional information, please consult this publication and your own tax advisor regarding sales taxes applicable to cars located in Alabama that are sold to residents of another state.  

Please note that all lots in The Generous Collection are offered after many years of storage, without operation or service, in warehouse facilities. The seller endeavored to provide limited mechanical servicing to bring some cars back to running potential, however, not all cars will be running at time of sale. Because of the extended static display, it must be assumed that all cars will require additional mechanical attention before being driven safely and, in most cases, cleaning to both the interiors and exteriors. All the cars will have imperfections associated with long-term static storage and require extensive sorting to perform best and safely. The burden of determining a car’s status, both mechanical and cosmetic, rests fully on the bidder, prior to bidding and the close of the auction. All lots are sold as is, where is. 

Additionally, due to the location of the collection and limited access to the facility following the close of the auction, all lots must be retrieved while a Hagerty Marketplace representative is onsite beginning Monday, November 3 through Wednesday, November 19. No cars can be retrieved prior to November 3 and any lots remaining after November 19 will be re-located outside in the parking lot for retrieval by their buyers.