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Military Turns to Online Auctions to Unload Unwanted Gear

National Defense Magazine reports that “Nineties-era Humvees can be had for $7,000. Dump trucks and tractors that once trudged through warzones start at $15,000. And construction cranes that helped build military outposts bear price tags from $20,000 to $23,000. Most are in good working order and many of the trucks have surprisingly low mileage.”

“These are some of the 1,300 pieces of surplus military hardware that will be up for auction September 7. ‘Every Wednesday we sell 350 to 400 items,’ says Jeffrey L. Holmes, senior vice president of government solutions and auction management at GovPlanet.”

“GovPlanet, based in Pleasanton, California, is the government-focused arm of used-equipment marketplace IronPlanet. The company won a six-year contract from the Defense Logistics Agency to help offload surplus inventory that has accumulated over decades.”

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