WASHINGTON, May  14, 2026  (GLOBE NEWSWIRE) -- The Government of the District of Columbia is offering a rare opportunity to acquire historic public transportation assets through an online auction of retired streetcars,

LQDT

District of Columbia Auctions Retired Streetcars Through GovDeals' Online Marketplace

Liquidity Services Powers Auction of DC Streetcars, Boosting Future Growth Opportunities

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  <section data-block="information">
    <h3>Information</h3>
    <p>WASHINGTON, May  14, 2026  (GLOBE NEWSWIRE) -- The Government of the District of Columbia is offering a rare opportunity to acquire historic public transportation assets through an online auction of retired streetcars,</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The District of Columbia is auctioning retired streetcars via GovDeals, enhancing liquidity for surplus government assets. As this auction drives visibility and demand for unique assets, it highlights the growth potential for Liquidity Services, likely favoring LQDT&#039;s market position in the e-commerce landscape.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>DC&#039;s online auction offers six retired streetcars via GovDeals.</li><li>Bidding for streetcars commences now, ending June 1, 2026.</li><li>GovDeals supports the sale of surplus government assets since 2011.</li><li>Liquidity Services powers GovDeals, enhancing market reach and competitiveness.</li><li>Over $15 billion in sales completed, boosting LQDT&#039;s growth potential.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Liquidity Services (LQDT)</strong>: Powers GovDeals, significantly influencing market reach.</li><li><strong>GovDeals (N/A)</strong>: Marketplace is a conduit for increasing asset sales and visibility.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news falls under &#039;Corporate Developments&#039; as it directly highlights an online auction that could lead to increased revenue for Liquidity Services, reflecting its operational capacity to leverage government auctions effectively.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Successful auction driving increased visibility for Liquidity Services.</li><li>Enhanced operational efficiency could attract more agencies to GovDeals.</li><li>Increased sales might positively affect LQDT&#039;s revenue metrics.</li><li>Growing public interest in surplus assets could lead to higher stock demand.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Auction closes on June 1, 2026, at 7:00 PM ET.</li><li>GovDeals has sold over 30,000 assets since 2011.</li><li>Liquidity Services has completed over $15 billion in sales through GovDeals.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider LQDT for short-term growth opportunity driven by asset auction success.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="left">WASHINGTON, May  14, 2026  (GLOBE NEWSWIRE) -- The Government of the District of Columbia is offering a rare opportunity to acquire historic public transportation assets through an online auction of retired streetcars, conducted on GovDeals, the leading online marketplace for government agencies to sell surplus assets.</p>  <p>The online auction features six retired DC Streetcars, including three 100 Series streetcars manufactured by Inekon in 2007 and three 200 Series streetcars manufactured by United Streetcar in 2013, previously used in the District's streetcar system. Bidding is now open and is scheduled to close June 1 at 7:00PM ET, subject to auto-extension. </p>  <p>The District of Columbia has been selling surplus assets on GovDeals since 2011 and has successfully sold over 30,000 assets in many categories including commercial, personal and recreational vehicles, computers, tractors and more.</p>  <p>"This auction represents a unique chance for organizations and individuals to acquire iconic transit assets while supporting the District's commitment to responsible surplus property disposition," said Nancy Hapeman, DC's Chief Procurement Officer. "By leveraging GovDeals' national marketplace, we are able to ensure a transparent, competitive process and reach a broad audience of qualified bidders."</p>  <p>"GovDeals specializes in connecting government agencies with a nationwide audience of buyers seeking unique, high-value surplus assets," said Nick Carr, VP of Revenue for GovDeals. "Opportunities like the DC Streetcar auction demonstrate how online auctions can maximize exposure, drive competitive bidding, and support agencies in responsibly reopening value from publicly owned assets."</p>  <p>All streetcars are offered "as is, where is," and buyers will be responsible for removal and transportation. Interested bidders may have the opportunity to inspect the assets in person prior to bidding, as outlined in the auction listings.</p>  <p>Full asset details, photos, inspection information, and bidding terms are available directly on the GovDeals listing site at dcgovt.govdeals.com. To participate, bidders must register for a free GovDeals account and complete the online registration process.</p>  <p><strong>About GovDeals</strong><br></br>GovDeals is the world's leading marketplace for surplus government and educational assets, ranging from heavy equipment and transportation assets to industrial machinery and real estate. The platform specializes in surplus disposition technology, partnering with government agencies and related entities to sell &#34;as is, where is&#34; surplus equipment and materials in a transparent fashion. Sellers can directly launch and manage their listings in just days, with more control and lower fees than traditional auction solutions. Buyers have direct access to all the surplus assets across Liquidity Services' network of marketplaces in one centralized location which has completed more than $15 Billion of sales to date. GovDeals is powered by Liquidity Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/LQDT">LQDT</a>), the leading global provider of e-commerce marketplaces and software solutions powering the circular economy.</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcyMDQwMiM3NjAzNjY3IzUwMDA1MDM3MQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MzljYmIyYzEtZmRiMi00MmFkLTk3N2MtYmNkZTJkZWJmOTFiLTUwMDA1MDM3MS0yMDI2LTA1LTE0LWVu/tiny/GovDeals-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><pre>Contacts:
Angela Jones, GovDeals
(334) 301-7823
<a href="mailto:ajones@govdeals.com">ajones@govdeals.com</a>

Sisy Garcia, Public Information Officer, DC Office of Contracting and Procurement
(202) 738-8476
sisy.garcia@dc.gov</pre><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/ee251097-fcac-4fd5-90e2-60002e34616a"><img src="https://ml.globenewswire.com/media/ee251097-fcac-4fd5-90e2-60002e34616a/small/logo-govdeals-primary-x2-png.png" border="0" width="150" height="84" alt="Primary Logo"></img></a></p>

The District of Columbia is auctioning retired streetcars via GovDeals, enhancing liquidity for surplus government assets. As this auction drives visibility and demand for unique assets, it highlights the growth potential for Liquidity Services, likely favoring LQDT's market position in the e-commerce landscape.

District of Columbia Auctions Retired Streetcars Through GovDeals' Online Marketplace

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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