Penske Used Trucks on Aug. 19 formally launched its online auction platform for used vehicles.

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 equipment from Penske.

Key features 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.

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

“The new auction site will provide an efficient, transparent and user-friendly way to acquire quality used trucks,” said Jack Mitchell, senior vice president of vehicle remarketing for Penske Used Trucks, in a news release.

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.

Information:www.penskeusedtrucks.com/auction.

Penske Used Trucks, a business unit of Penske Truck Leasing, sells:

• Late model used commercial trucks to retail, wholesale, used truck dealers, corporate truck fleet buyers, and it also provides online auctions.

• Used sleeper and day cab semi-tractors, straight trucks, flatbeds, refrigerated vans, trailers and more.

• Top brands of light-duty, medium-duty and heavy-duty commercial vehicles including Ford, GMC, Hino, Isuzu, Freightliner, International, Volvo, and many others.