Obama's Chrysler For Sale on eBay for $1M

(FOX News) - Chrysler sales may be up in recent years, but there is one used car from the company that can't seem to find a new owner.

A 2005 Chrysler 300C once owned by President Barack Obama, has resurfaced on eBay three years after it was first offered on the auction website.

In December, 2007 the then-senator reportedly traded in the HEMI V8-powered luxury sedan for a Ford Escape Hybrid. Only 1,800 miles (2,900km) have been put on the car since it was purchased with 19,000 miles (30,600km) on the odometer.

The previous auction, which listed the car for a starting bid of $100,000, fell apart when phony bidders pushed the price up to $1 billion dollars and the car hasn't sold in the years since. Nevertheless, it was posted again last week and this time around the anonymous owner is asking $1,000,000.

A representative for the Illinois-based owner, who said they have the original paperwork showing the car was owned by Obama, told FOXNews.com that now the president has spent three years in office they think the car has even more historical value than it originally did.

She cited the reported sale of Iranian President Mahmoud Ahmadinejad's 1977 Peugeot for $2.5 million as an example of the potential value of the vehicle.

The auction ran until 10:30pm Wednesday, but was listed for a further seven days at the same starting price when no bids were received.

Read more: FOX News