Humvee Auction Hammers Home Strong Prices
The U.S. Military recently held its first-ever public auction of its surplus Humvee supply, and the results were good. Each Humvee had a starting price of $10,000, but the average transaction price was around $30,000. The lowest someone paid to take home one of the brutes was $21,500, while a top-end bid saw a Humvee trade for $41,000. According to Military.com, the total amount spent at the auction comes to $744,000. That's a ton of dough for a bunch of vehicles that aren't even street legal. Still, it's clear that demand is high, and you can expect more auctions like this in the future.