April 13, 2004

Golden Gate Transit Offers Nine
Buses for Sale on E-Bay

On Monday, April 12, 2004, Golden Gate Transit (GGT) began selling nine surplus buses on-line through E-Bay Motors. The initial E-Bay bid period is 10 days and a starting bid of $1,000 is required.

The nine retired 40-foot-long coaches, manufactured by Transportation Manufacturing Company (TMC) in 1989, have a low of 650,000 life miles and a high of 720,000 life miles. These coaches slightly exceeded the public transit industry standard of a normal useful life of 12 years as they were in service for 14 years, from 1990 through 2003.

To test the E-Bay market, last fall GGT placed one retired bus for sale on E-Bay and received just under $6,000. An addition 30 buses were sold through the traditional method requiring sealed bids and brought an average of $5,400 per coach.

GGT plans on selling an additional 40 retired buses through E-Bay as the savings in administrative costs are significant. The buses will become available in batches as equipment including fare boxes, bike racks, and license plates is removed.

In 1982, Golden Gate Transit (GGT) initiated a bus replacement program whereby older buses are retired from the fleet, sold as surplus, and replaced with new, modern buses that are funded with 80% federal grant monies.

To place a bid for a GGT bus, visit http://www.goldengate.org/contracts/contracts.html .