Record-breaking revenue announced by Pennsylvania Department of General Services
Officials said revenue from state vehicle auctions reached an all-time high at $19.2 million over the past two years.
In 2024, the Bureau of Vehicle Management (BVM) raised a record $10.1 million from vehicle auctions, breaking 2023's single-year record of $9.1 million, officials reported. the proactive vehicle replacement program not only generated record-breaking auction revenue but also saved the Commonwealth $1.5 million in repair costs over two years, they added.
'The Shapiro Administration's focus on smart fiscal policies and innovative solutions has delivered extraordinary results for Pennsylvania,' Brian Esposito, DGS Deputy Secretary for Procurement said in a release. 'Our vehicle replacement program is helping us provide Commonwealth employees with safer, more reliable vehicles while saving taxpayers money in the long term. By retiring older vehicles before maintenance costs escalate, we're making smarter fiscal decisions that benefit everyone.'
Why are Pennsylvania flags lowered?
Between 2023 and 2024, 43 percent of the Commonwealth's leased vehicles have been replaced. It's the largest fleet renewal effort in over a decade, the department reports. These efforts have reduced repair costs, improved reliability, and added cutting-edge safety technologies to protect state employees.
The modernization efforts support Pennsylvania's sustainability efforts which currently include the following alternative fuel vehicles:
33 Battery Electric Vehicles (BEVs) in service, with an additional 39 in stock, including models such as the Chevy Bolt and Ford Mach-E
82 Plug-in Hybrid Electric Vehicles (PHEVs)
138 Hybrid Electric Vehicles (HEVs)The BVM holds six vehicle auctions annually. Used Commonwealth vehicle auctions are open to the public, including auto dealers. The next auction will take place April 15.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Global Electric Mobility: Insights From BearingPoint and HRI Show Technology on Par, but Market Attractiveness Depends on Infrastructure, Price, and Trust
The new E-Mobility Attractiveness Index from BearingPoint and the Handelsblatt Research Institute (HRI) reveals a shift in the global EV market: Chinese brands are gaining ground, and German manufacturers are defending their home turf. China leads the market in the global comparison, with the US, Germany, and especially France trailing. AMSTERDAM, July 03, 2025--(BUSINESS WIRE)--As battery electric vehicles (BEVs) reach similar levels of technological maturity worldwide, other factors are now decisive in shaping market attractiveness and influencing consumer purchasing decisions. The new 2025 E-Mobility Attractiveness Index by BearingPoint and the Handelsblatt Research Institute compares for the first time the four major auto markets: China, France, Germany, and the US. The index aims to assess how BEVs are perceived in each market — based on objective data and country-specific surveys of drivers — and to identify the key factors influencing market success. China leads the index with a score of 133.5 points (baseline 100), followed by the US (114.4), Germany (108.4), and France (94.6). The technological foundation of available BEVs — including range, charging speed, and energy consumption — has become increasingly similar across models in all four countries. As a result, competition is shifting away from the technology itself toward infrastructural and policy frameworks, as well as brand trust. "China's lead is strategically grounded but not insurmountable. It stems from years of political initiatives, massive support for domestic automakers, targeted market regulation, and consistent technology transfer. Europe can remain competitive if it creates innovation-friendly frameworks, keeps international markets accessible to European manufacturers, regulates and promotes more swiftly, and maintains its focus on quality, digitalization, and sustainability," says Sven Jung, Director of Economic Analysis & Financial Planning at the Handelsblatt Research Institute. Charging infrastructure determines everyday usability The importance of charging infrastructure is particularly evident. In China and Germany, BEV customers benefit from a high density of public charging stations, which provide reliable coverage not only in urban areas but also across rural regions. In contrast, France and the US have a patchy charging network — especially in rural areas and large cities without access to private charging — which significantly limits everyday usability and, thus, market penetration. "For a charging infrastructure to be truly usable in everyday life, two key factors are essential. First, it must be so well-developed that drivers no longer need to plan routes around charging stations. And second, fast-charging points are crucial to ensure that charging itself doesn't result in significant time loss," comments Sven Jung. Monetary aspects are crucial, but are heavily influenced by policy The index results also show that while monetary factors, such as vehicle prices and electricity costs, remain central to purchasing decisions, they are heavily influenced by policy. In China, electric vehicles are especially affordable due to government subsidies, low electricity prices, and cost advantages from mass production. In contrast, high electricity costs and the removal of purchase incentives in Germany reduce BEV market attractiveness. Moreover, high EU tariffs weaken the competitiveness of Chinese models. In response, manufacturers like BYD and Leapmotor are investing in production facilities in Europe. "Price, incentives, and power: e-mobility will only reach the mass market when purchase incentives, charging infrastructure, and fair electricity prices come together — and here, also governments have a role to play. In Germany, for example, a targeted reintroduction of purchase premiums, tax incentives to regulate electricity prices, and a rapid expansion of the charging network could have a significant short-term impact. In the medium term, promoting affordable BEV models, combined with OEM innovation and scaling, as well as investment in semiconductors, battery cell production, recycling, and the development of local value chains, will be key," explains Manuel Schuler, Global Leader Automotive and Industrial Manufacturing at BearingPoint. Trust is also a critical but often underestimated success factor Trust in manufacturers also plays a central role, especially in international brand comparisons. In all four examined markets, domestic brands perform best: BYD in China, Renault in France, VW in Germany, and Tesla in the US. With 155.9 points, BYD achieved the highest individual score in the Attractiveness Index. However, these brands lose significant attractiveness in foreign markets, highlighting the strong influence of regional brand loyalty and trust on purchase decisions. Chinese manufacturers like BYD and MG, despite their technological maturity, struggle with image issues in Europe. The trust advantage of German brands — particularly in the premium segment — remains a strategic asset, though it is increasingly under pressure, especially among younger and more brand-agnostic consumers. "Chinese OEMs are technically competitive, but they need to build trust through better branding and a reliable local presence. Successful market entry requires a long-term commitment, competitive pricing, a strong understanding of local customer needs, and a market-specific brand strategy. Only then can they translate their technical quality into actual market success," says Manuel Schuler. About the Study The E-Mobility Attractiveness Index was developed in 2024 by BearingPoint and the Handelsblatt Research Institute for the German market. It reflects the attractiveness of battery electric vehicles (BEVs) to potential buyers within a given market. In 2025, the index was also calculated for China, France, and the US. The index is based on a survey of drivers in each country regarding trust in manufacturers' quality promises and perceptions of digital innovation, along with objective parameters such as price, range, charging speed, electricity costs per 100 kilometers, and charging station density. These factors are weighted differently according to their importance in the purchasing decision. The evaluation includes vehicle models from various manufacturers that are either currently in demand or expected to be relevant in each country, representing a range of price segments. A portion of the manufacturers — VW, BMW, Mercedes, Porsche, Tesla, and BYD (not available in the USA) — is identical across all four countries. About the Handelsblatt Research Institute Handelsblatt Research Institute (HRI) is an independent research Institute owned by the Handelsblatt Media Group. It produces scientific studies on behalf of clients such as companies, financial investors, associations, foundations, and government agencies. It benefits from the combined scientific expertise of a 20-strong team of economists, social and natural scientists, information scientists, and historians with journalistic expertise in the preparation of the results. The Handelsblatt Research Institute works with a network of partners and specialists. It also offers desk research, competitive analysis, and market research services. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. In addition, BearingPoint runs the joint venture Arcwide, focused on business transformation and consulting excellence based on IFS. BearingPoint's clients include many of the world's leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. BearingPoint is a certified B Corporation, meeting high standards of social and environmental impact. Homepage: LinkedIn: View source version on Contacts Press contact Alexander BockGlobal Senior Manager CommunicationsTelephone: +49 89 540338029Email:
Yahoo
12 hours ago
- Yahoo
Massachusetts Division of Capital Asset Management & Maintenance Releases RFP for New Springfield Regional Justice Center
SPRINGFIELD, Mass., July 02, 2025 (GLOBE NEWSWIRE) -- Greystone Real Estate Advisory Group (GREA), serving as transaction advisor for the Massachusetts Division of Capital Asset Management & Maintenance (DCAMM), is pleased to announce a Request for Proposals (RFP) which provides an exceptional opportunity to design, build, and own a landmark facility anchored by a 40-year initial lease with the Commonwealth -- a new courthouse facility in Springfield, MA. The selected development partner will be responsible for providing a site and delivering a fully functional courthouse encompassing up to 330,000 usable square feet to accommodate judicial, administrative, detention, and court services. The initial lease term will span 40 years, with the potential for two 10-year extensions, for a total term of up to 60 years. 'DCAMM is pleased to announce the availability of the Request for Proposals as a major milestone in the Commonwealth's efforts to accelerate the delivery of a new modern regional justice center for Springfield and Hampden County,' said DCAMM Commissioner Adam Baacke. 'We look forward to a robust response from the development community that will ultimately yield a high-quality facility that also reflects important community priorities.' Development proposals must include: A suitable site within the city limits, preferably centrally located in Downtown Springfield, with strong civic identity and convenient public access Design that aligns with court operational needs and enhances community presence Plans to exceed the Commonwealth's sustainability benchmarks Demonstrated experience in delivering large-scale civic or justice-related infrastructure Financial and operational capacity to execute a project of this magnitude 'We are pleased to see this important project move into its next phase,' said Executive Office of the Trial Court Chief Justice Heidi Brieger and Court Administrator Thomas G. Ambrosino. 'This new courthouse will better serve our employees, court users, and the broader community.' In Greystone's role as transaction advisor to DCAMM for the Springfield Regional Justice Center project, services include opportunity marketing to achieve high visibility of this unique solicitation, proposal analysis, and transaction advisory services. Greystone's experience includes serving as the real estate and development advisor to numerous Commonwealth agencies, including the MBTA, MassDOT and DCAMM, in addition to numerous public institutions across the nation. For more information, please visit About the Greystone Real Estate Advisory GroupEstablished in 1999, the Greystone Real Estate Advisory Group, a division of Greystone Select Incorporated (Greystone), provides commercial real estate service to public, private, and not for profit clients. Its mission is to provide advisory services that maximize the value of existing real estate portfolios. Through its established partnership with public clients, Greystone Real Estate Advisory Group has become a national leader in the management of revenue-producing properties for public transportation agencies. The group has an established reputation in the marketplace as a results-oriented property asset management firm that routinely identifies new revenue sources from its client's existing portfolios. For more information, visit About the Division of Capital Asset Management and Maintenance The Division of Capital Asset Management and Maintenance (DCAMM) works with state agencies to create and manage forward-thinking, sustainable buildings to meet the needs of the people they serve. DCAMM partners with fellow agencies to help them meet their strategic needs with fiscally responsible building and real estate solutions. CONTACT:Dennis while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13 hours ago
- Yahoo
US Shale to Slow Drilling as Trump's Tariffs Rattle Executives
(Bloomberg) -- US shale executives expect to drill significantly fewer wells this year than planned at the start of 2025, as lower oil prices and uncertainty around President Donald Trump's tariffs hurt profits, according to a Federal Reserve Bank of Dallas survey. Struggling Downtowns Are Looking to Lure New Crowds NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing California Exempts Building Projects From Environmental Law Almost half of oil executives said they expect to drill fewer wells in 2025 than planned at the start of the year, according to second-quarter survey results released Wednesday. For 'large' exploration and production firms — producing 10,000 barrels per day or more — 42% said they expected a significant decrease in the number of wells drilled. Most firms said that tariffs have increased the cost of drilling and completing a new well by 4.01% to 6%. The responses highlight the headwinds facing domestic production, leading industry executives to take a cautious approach to drilling and spending in direct contrast to Trump's 'drill, baby, drill' rhetoric. Crude prices have fallen as Trump's tariffs threaten to slow the global economy, while OPEC+ accelerates the revival of its production into a market that was already well supplied. 'It's hard to imagine how much worse policies and D.C. rhetoric could have been for US E&P companies,' an unidentified executive said in the report. 'We were promised by the administration a better environment for producers but were delivered a world that has benefitted OPEC to the detriment of our domestic industry.' A majority of executives surveyed said they expect Trump's tariffs on imported steel to weigh on customer demand over the next 12 months. Some executives called for US steel producers to increase output, as the uncertainty in casing prices for essential steel tubing is delaying drilling activity. For service companies, tariffs mean they have to pass the cost on to their customers, one respondent said. The Dallas Fed's quarterly surveys are widely read for the anonymous comments that offer an unfiltered view on factors impacting the oil industry. The bank's region covers Texas, northern Louisiana and southern New Mexico. 'It is a tough marketplace right now,' said one respondent. Most firms are holding contractors well below what they need to remain profitable, the respondent added. Oilfield service companies often provide the first indication of an industry downturn because they're the ones hired to drill and frack new wells. 'There is a concern some of our vendors will not survive,' one oil executive said. 'Our customers (exploration and production firms, or E&Ps) are refusing to help absorb these costs,' one oilfield service executive said. 'E&Ps continue to speak out of both sides of their mouths. They talk partnership but are treating their vendors like second-class citizens, pushing OFS to unsustainable margins.' SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.