#7: Davis Divan
Price: $44,600
Gary Davis’s maiden venture, the Davis Divan, was plagued by his inexperience in automobile manufacturing. Starting as a used car salesman, Davis optimistically believed he could profit despite the car’s shortcomings, a miscalculation causing his company’s downfall.
After raising $1.2 million through dealerships, Davis’s failure to produce and pay for the vehicles led to countless lawsuits, ultimately dissolving the company. This marked a tragic end to what could have been a revolutionary endeavor in the automotive industry.