 Following a long-term decline in sales, it entered administration in March 2011, with all remaining assets and intellectual property sold to Navistar International.Following a long-term decline in sales with a total production of around 400 vehicles, and following the failure of a rescue deal with Navistar, Modec entered administration in March 2011 with debts of over £40m.Navistar subsequently bought the intellectual property rights from administrators Zolfo Cooper.