Penske Used Trucks launches online auction platform

Penske Used Truck auction website

Penske Used Trucks has launched an online auction platform for used vehicles.

According to Penske, this new auction site is designed to streamline the commercial equipment-buying process, providing a seamless and intuitive interface that allows buyers to easily find and bid on a wide selection of quality equipment from Penske.

Penske adds key features of the site include:

  • Exclusive Access: Bidding available only to registered users. 
  • Transparent Pricing: No hidden premiums, ensuring buyers know exactly what they are paying. 
  • Free Third-Party Condition Reports: Each vehicle comes with an independent assessment, offering valuable information about each truck's condition. 
  • User-Friendly Interface: Designed for ease of use, offering a straightforward and efficient bidding process.
  • Variety of Bidding Tools: Features such as auto bid, instant bid and advanced bidding allow for flexible and convenient participation. 

The company says 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-duty tractors, semi-trailers, and specialized equipment. 

[RELATED: Fuel leak leads to large bus recall; Ford Transit's steering column issue]

"We are committed to continuously improving the purchasing experience for our customers, says Jack Mitchell, senior vice president of vehicle remarketing for Penske Used Trucks. "The new auction site will provide an efficient, transparent and user-friendly way to acquire quality used trucks." 

To participate in the auctions, buyers must create an account on the Penske Used Trucks Auction site. Registration provides access to the platform and its benefits. For more information and to create a registered auction site account, visit www.penskeusedtrucks.com/auction.

Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
Download
Used Truck Guide Cover