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 ...

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 ...

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 ...

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 ...

USS Co ( ($JP:4732) ) just unveiled an announcement. USS Co., Ltd. reported higher activity in its used car auction business for the third quarter ...

In addition to traditional dealerships and the private used market, cars of all makes and models are frequently sold in auctions. The car auction market was valued at around $3.32 billion in 2023, ...

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 — ...