If you buy a used car off a dealership lot, it might have gotten there as a trade-in. But there’s about a 50% chance it got there by way of a wholesale auction, according to the industry tracking ...

Penske Used Trucks has launched an online auction platform for used vehicles. Penske said the new auction site is designed to streamline the commercial equipment-buying process. The platform is ...

This story appears in the Jan. 10 print edition of Transport Topics. Auctions are getting another look from truck buyers as good used equipment becomes scarce and prices are rising, according to ...

There’s a revamped inventory acquisition option for dealers who stock used commercial trucks in their inventory. On Monday, Penske Used Trucks announced the launch of its online auction platform for ...

The used equipment sold at modern truck auctions includes much more than older models on their final legs. Today’s auctions move a wide range of equipment ages and types for a diverse set of buyers ...

Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any ...

A sign advertises cash paid for used cars. Used-vehicle prices at wholesale, dealer-only auctions in December 2021 ended the year an eye-popping 48.1% higher on average than December 2019, before the ...

Auctions are held weekly, starting every Tuesday at 8 a.m. EST and ending on Thursday at 11:30 a.m. EST. The platform will feature a range of vehicles, including light and medium duty trucks, heavy ...

Used-car prices, which analysts are watching for signs of more general price inflation, edged higher again. The trend mirrors higher new car prices, too. A computer chip shortage has cut into new-car ...