Humvees Sell for up to $42K in First Public Auction of Military Truck
It was a military bake sale of sorts. For the first time in history, the U.S. military auctioned off some of its surplus Humvees to the public.
And truck-lovers responded in kind, paying as much as $41,000 for the iconic military vehicle that entered service in the mid-1980s, spawned a commercial version called the Hummer in the 1990s and was replaced in the 2000s by bigger, more blast-resistant trucks known as MRAPs during the wars in Iraq and Afghanistan.
In all, the online auction house IronPlanet Inc. on Wednesday auctioned 25 of the vehicles on behalf of the Pentagon’s Defense Logistics Agency, netting a total of $744,000. Bidding started at $10,000 and escalated quickly, indicating a high level of interest from buyers for the light-duty utility trucks, even though they can’t be driven on roads and can only be used for off-road purposes.
The lowest winning bid was $21,500 for a 1989 AM General M1038 Humvee HMMWV, while the highest bid was $41,000 for a 1994 AM General M998A1 Humvee HMMWV, according to the website. The acronym stands for High-Mobility Multipurpose Wheeled Vehicle, pronounced “Humvee.” The average successful bid was about $30,000.
The auctioned Humvees, made by AM General LLC, had long been retired by the Army. In fact, they were sitting, gathering dust on a lot at Hill Air Force Base in Utah, according to an Army Times report.
The DLA has about 4,000 of the surplus vehicles, which have some sort of defect, Army Times reported. Whichever ones aren’t transferred to local law enforcement agencies will be offered to IronPlanet for public auction, he reported, despite lingering controversy over the militarization of police departments across the country. The trend was highlighted earlier this year by the tactical response to protests following the shooting of an unarmed teenager by a police officer …read more
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