Repossessed boats to be sold at dealer auction

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BankersLiquidation.com is conducting a three-day "dealer only" online auction May 26-28.

"Due to a substantial increase in the number of new and used boats repossessed from dealers by major lenders and finance companies, we will be conducting a National Dealer Only Auction to enable dealers to fill out their dealership's inventory with quality units at auction prices," said Rick Palmer, BankersLiquidation.com general manager, in a statement.

"While we expect to have over 100 boats available to auction at the beginning of this three-day event, we currently have over 700 units nationwide being condition-reported, photographed and readied for listing over the next several weeks," he added.

To participate in the auction, dealers should go to the Web site and click on "subscribe." Then, click on "Register Now" and enter promotion code BOAT30.

Click here for the full release.

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