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 ...

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 ...

Among the many changes brought on by the COVID-19 pandemic was the halt of most in-person events, which can be problematic when you're in the business of auctioning commercial trucks. Capability to ...

It may be a better time than you think to buy a used truck, and there are more options than ever out there. For one thing, “Money’s still cheap,” says Mike Spence, senior vice president, fleet ...

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 ...

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 ...

Nothing excites a bargain hunter like the word “auction.” But when it comes to buying a used car at an auction, can you really get a good deal? “The answer is yes with an asterisk — or maybe three — ...

Same-dealer used retail truck sales increased for the first time in five months, according to ACT Research. The average retail sale price dipped 0.8% to $57,863 from $58,308 year over year. Most ...