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 ...

Auctions are held weekly, starting every Tuesday at 8 a.m. EST and ending on Thursday at 11:30 a.m. EST. The platform will feature a range of vehicles, including light and medium duty trucks, heavy ...

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 ...

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 ...

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 ...

Sales of used heavy-duty trucks in October climbed 37% from a year ago as some outlets showed signs of rebounding to post higher volumes and the average price rose slightly, ACT Research Co. reported.

Shares of online used car auction platform ACV Auctions (NASDAQ:ACVA) fell 35% in the morning session after it reported disappointing third-quarter results and provided a weak financial outlook. The ...

There's a rental-car shortage in the US that's causing fleets to be booked out or booked at high prices. Companies are scrambling to regrow fleets amid high used and new car prices caused by the chip ...