EBlock has been on the fast track to business expansion and growth in both its home — Canada, where it launched in 2015 — as well as the United States, which it entered in 2019.  Jason McClenahan, who is president and chief executive officer of EBlock parent company E Inc., said in an episode of […] [Read More]

Given the widespread challenges from vehicle inventory shortage and supply chain issues, there was a 10% year-over-year decline in the number of units that entered the lanes of NAAA-member auctions last year, according to the association’s annual industry survey.   There was also a 4.6% drop in the number of cars that entered auction lanes […] [Read More]

ACV chief executive officer George Chamoun returns to the Auto Remarketing Podcast during this episode recorded at NADA Show 2022 earlier this month in Las Vegas. George sits down with senior editor Joe Overby to talk about ACV's recent acquisitions of Drivably and Monk and how they fit into the company's ecosystem, how dealers can […] [Read More]

Black Book identified “the real winners right now” amid a wholesale market where prices are still softening and the estimated average weekly sales rate has not jumped like this time last year. Analysts determined wholesale values dipped another 0.51% during the week that closed in between St. Patrick’s Day and the first day of spring; […] [Read More]

This month has been quite transformative for Autosled. Not only did the company that aims to make vehicle logistics/transportation more efficient and simpler through technology announce that it has completed its Series A funding round and established its board of directors, Autosled also appointed a new chief executive officer, choosing a leader who one of […] [Read More]

Next up in our Auto Remarketing Podcast series from NADA Show 2022, BacklotCars co-founder Justin Davis chats with senior editor Joe Overby about the company's work to go beyond the inventory liquidation piece and help dealers source used cars, and utilizing data and machine-learning to help dealers on both sides of the transaction. Plus, Davis […] [Read More]

"We're ready for major U.S. expansion." That was one message EBlock chief executive Jason McClenahan had for dealers at NADA Show 2022, where he sat down with senior editor Joe Overby to discuss the progress of the digital auction company's U.S. rollout, its work with independent auto auctions and more. Plus, McClenahan discusses the EDealer […] [Read More]

Through two months of the year, wholesale auction sales of used vehicles up to 8 years in age are down 15% year-over-year, with most of that softening happening in the premium segment. That’s according to the latest Wholesale Market Update from J.D. Power Valuation Services, which said there was a combined total of approximately 594,000 […] [Read More]

UPDATED: Story has been updated to correct start date of Lev Peker. CarLotz announced on Tuesday afternoon that the last day of employment for co-founder and chief executive officer Michael Bor will be Wednesday. The company also appointed Lev Peker as its new CEO, who will be taking on the role effective April 18. The company […] [Read More]

Major League Baseball settled its labor dispute last week, so spring training is intensifying quickly in Florida and Arizona. But wholesale prices softened another 0.64% last week, prompting Black Book to wonder when dealers are fully ready to embrace the spring season. In the latest installment of Market Insights, Black Book on Tuesday said, “week-over-week […] [Read More]