GMC Hummer 2022 Sells for $2.5 Million

GMC Hummer 2022 Sells for $2.5 Million

This Oct. 28, 2011 photo, shows the GMC nameplate at the 41st

annual South Florida International Auto Show, in Miami Beach, Fla.

(Source: AP Photo/Lynne Sladky)

Charity auctions for first-off-the-line vehicles have become a thing of late in the US given the hammer prices on these vehicles. Last year, the first 2021 Ford Bronco sold for $1,075,000, the German News Agency reported.

Lately, the 2022 GMC Hummer EV Edition 1 just sold for $2,500,000. It doesn't seem like the trend is ending anytime soon, nor should it, according to the Motor Trend website.

The headlines generate buzz for deserving charities, and the sales generate proceeds. With at least one million-dollar-plus Bronco and Hummer rolling around, too, maybe you won't feel so bad paying sticker“”or even a markup.

Tunnel to Towers, a charity that assists injured veterans and Gold Star families in getting housing is the benefit of these car auctions, according to the website.

So the Hummer's new owner doesn't mind paying well over sticker to benefit the charity.

According to GMC, the auctioned Hummer is one of the Edition 1 launch models, which will be the only version of the Hummer on sale for the 2022 model year“”other trims will follow in 2023 and 2024.