In this paper, a numerical study of the dynamic buckle propagation, initiated in long pipes under external pressure, is presented. For a long pipe, due to the high exerted pressure, local instability is likely to occur; therefore, the prevention of its occurrence and propagation are very important subjects in the design of pipelines. The 3D finite element modeling of the buckle propagation is presented by considering the inertia of the pipeline and the nonlinearity introduced by the contact between its collapsing walls. The buckling and collapse are assumed to take place in the vacuum. The numerical results of the nonlinear finite element analysis are compared with the experimental results obtained by Kyriakides and Netto (2000, “On the Dynamics of Propagating Buckle in Pipelines,” Int. J. Solids Struct., 37, pp. 6843–6878) from a study on the small-scale models. Comparison shows that the finite element results have very close agreement with those of the experimental study. Therefore, it is concluded that the finite element model is reliable enough to be used for nonlinear collapse analysis of the dynamic buckle propagation in the pipelines. In this study, the effects of external pressure on the velocity of dynamic buckle propagation for different diameter to thickness ratios are investigated. In addition, the mathematical relations, based on the initiation pressure, are derived for the velocity of buckle propagation considering the diameter to thickness ratio of the pipeline. Finally, a relation for the buckle velocity as a function of the pressure and diameter to thickness ratio is presented.