The first surplus auction of the United States’ Humvees unfurled last Wednesday and it was a big success. The 25 Humvees were up for grab to the highest bidders at GovPlanet.com. The trucks were offered at opening bids of $10,000 and were sold from $21,500 to $41,000. The US government gets a lion’s share of 75.29% of the revenues.
Restrictions were finally eased out that give rise to the sale of certain types of the Humvees to the public. Back then the Humvees which are also called High Mobility Multipurpose Wheeled Vehicle were dumped after they are no longer fit for use.
The sturdy vehicles were commonly used in the Gulf War and also served as troop and cargo carriers from 1987 to 1995. Some are still in fine condition while other requires repairs. The vehicles, however, were put up for sale since they failed to meet the federal safety and emissions regulations and they are intended for off road use only, although they can be modified to make them permissible to travel in streets.
The fetched prices of the vehicles jive with the current rate of the same vehicles that landed into the hands of private entities few years ago, but soon the market will accommodate more units in the near future.
The US Defense Logistics Agency is presently assessing the release of more than 4,000 Humvees for auction and another bunch will be offered for sale on January 27, 2015.