$35,900 for a M1123 with 50 miles. I paid 7900 7 months ago for the same truck minus the soft top and rear seats. Unbelievable.
Used surplus AM General M1123 HMMWV in Albany, Georgia, United States for sale, inspected and guaranteed. null
www.govplanet.com
Agree that it's crazy $, but it looks good and it's a 2019 rebuild. I've seen several of these m1123 2019 4dr rebuilds go for stupid $'s. When I was bidding on my m1123, I saw a tan 2019 rebuild go for mid/high 30's.
Not to defend the pricing, but 2019 rebuild trucks would have some significant value over an older refresh. I think people assume a 2019 rebuild won't need a ton of parts or work and are willing to pay a big premium for what they think is a reliable truck that is ready to drive. Based on a quick look at the pics, the truck looks really nice, but far from perfect.
I've seen basic 2 door trucks still going for reasonable prices. 4 door trucks, even with junk tops and missing doors seem to go for at least a $5k premium, which doesn't make any sense to me. These 2019 rebuild trucks typically have a new-ish top and doors and I think that drives the price much higher because people don't see "a project". With a 2019 rebuild, you may also assume newish tires, hoses, belt, fluids, etc.. New tires are worth $'s and replacing all hoses will run be significant $'s also, especially if you aren't a DIY person. If it has good AGM batteries, those cost ~$1k. Seals, grommets, etc. would arguably be in much fresher condition if they were replaced just a few years ago.
Again, I think it comes down to people seeing all the obvious flaws in the trucks that have been sitting for 10-20 years and they see the shiny "new" 2019 rebuild and think it's basically a new vehicle without issues. If you are someone who wants a truck but has no desire or ability to deal with issues, I can see how you'd pay a premium for a truck like this. I think it's misguided and all these auction trucks are somewhat of a crap shoot, but it's not my $.
My truck was a 2009 refresh on a basic m1123 2 door and it was in excellent condition by most standards. The $9700 auction price turned into ~$14k after fees, taxes, delivery. I've put another ~$10k into it to get it converted to a 4 door and getting it fully sorted out. That's with me doing all the work. That $10k could have very easily been $15k+ if I was paying a shop to do the trouble shooting and work. And I still have a steering pump with slow leak that might cost me another $500+. I'll be in it for around $25k with a few add-on's I've done. It's still a far cry from $35k+ fees that this truck went for, but some people want what they want and there is value in having it refreshed a few years ago. I also suspect this was an export deal where the cost of the truck isn't as critical and parts acquisition might be a challenge wherever this truck is going.
