Forget Panthers: Humvees are the new hotness, as so demonstrated when the United States Army held its first-ever public auction for a surplus of the iconic military vehicle.
Military.com reports a total of 25 vehicles were auctioned on behalf of the Pentagon's Defense Logistics Agency, with $744,000 brought in for the trouble.
Bidding for each vehicle began at $10,000, but it didn't last long at that level; the average winning bid came in at $30,000. The lowest bid was $21,500 for a 1989 model, while the highest was $41,000 for one made in 1994.
That said, the vehicles won't be hitting the highway any time soon, as the vehicles were sold with the caveat that they would be limited to off-road purposes. Another auction is expected in January, with more likely to follow; the DLA has 4,000 Humvees gathering dust at present.
The post US Army Makes $744K In First-Ever Public Humvee Auction appeared first on The Truth About Cars.
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