Watch CBS News

Police Find Classic Car 7 Months After Theft

INDIANAPOLIS (AP/WWJ) - Police say investigators have found a Michigan man's restored 1970 Chevrolet Chevelle worth more than $100,000 that was stolen during fall trip to Indianapolis for a classic car show.

State police say car owner Keith Parmer of Holt, Mich., received a call last month from a man who said he had purchased the Chevelle but would return it to for $20,000 to cover his investment.

Sgt. Rich Myers says undercover detectives arranged a meeting with the man in an Indianapolis suburb to discuss the deal and took him in for questioning. The 31-year-old Indianapolis man was arrested Friday on charges of receiving stolen property and auto theft.

The 48-year-old Parmer said he fell in love with muscle cars while growing up. He bought the Chevelle for less than $20,000 in 2008, and estimates he spent $300,000 on parts and labor to restore and upgrade it.

It was stolen from his box trailer parked outside a motel.

"It's like a bad dream. It's comparable to someone close to me dying," Parmer told The Indianapolis Star when the car disapeared in September.

Myers said the Chevelle was recovered intact.

TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.