EBlock is selling its New Orleans and Houston physical auctions to America’s Group, EBlock parent company E Automotive Inc. announced in a news release Monday. America’s Group will acquire the auctions for roughly $11 million in cash, subject to customary purchase price adjustments. The deal is expected to close Thursday, subject to customary terms and […] [Read More]

BizzyCar is getting some awards buzz. The company, which provides AI-powered recall management solutions for dealerships, said Tuesday it won the Auto Dealership Innovation of the Year recognition in the 2025 AutoTech Breakthrough Awards. The program spotlights the most innovative companies and products shaping transportation and the automotive industry. Ryan Maher, a third-generation car dealer, […] [Read More]

RPM, which is a non-asset-based logistics provider focused on finished vehicle and freight transportation, has named a new chief commercial officer. Hired for the role was Walt Piekarski, whose background include senior roles with Nissan, Mercedes-Benz, The AZEK Company, Vantage Mobility International and DelCam Capital. Piekarski will report to RPM North America president John Perkovich. […] [Read More]

You know that moment when a car is “almost ready,” but every check-in shows it’s still waiting on approvals, parts, or updates? Those small setbacks stack up fast. Vehicles that should have sold in a week can linger in recon, and even a single day of delay per unit can cost several hundred dollars in […] [Read More]

American Financial Services Association general counsel Philip Bohi still responded this week to more than 35 questions and provided comments about the Consumer Financial Protection Bureau’s Personal Financial Data Rights (PFDR) reconsideration effort. The association’s responses came after the bureau’s director said in an interview that concerted efforts are in motion to shut down the […] [Read More]

Resolvion created a new division this week to leverage the experience and expertise of executive vice president Claudia Plascencia, who has been with the company for nearly 12 years. The provider of asset recovery management solutions has launched a credit union and mid-market division, created to deliver specialized recovery services, stronger transparency, and a higher […] [Read More]

October is spooky season and what may give some consumers a jump-scare is the average price tag they’ll see on a used vehicle. Fortunately for them, the car-buying version of comic relief is sweet trade-in equity. A little more than a week out from Halloween, used-vehicle prices are averaging $29,446 this month, a $473 rise […] [Read More]

It’s sort of like expanding your property by buying the house next door. Ourisman Automotive Group has acquired Hendrick Honda Woodbridge, which is adjacent to its existing Toyota and Chrysler Jeep Dodge Ram stores in Woodbridge, Va. Ourisman’s purchase of the Northern Virginia dealership from Hendrick Automotive Group was facilitated by The Presidio Group, which […] [Read More]

Wholesale vehicle prices in Canada continued to decline last week, though at a slightly less steep rate than the week before, with most segments showing less than a $100 change. Sales rates, however, showed much more volatility. That’s according to the latest Market Insights report from Canadian Black Book, which said that overall values were […] [Read More]

Kinetic Advantage is finding ways to achieve its goals amid a business scene that’s becoming more challenging as evident by bankruptcies being filed by consumers as well as automotive operations. About a week after the independent automotive floorplan financing company announced that it had received a strategic investment from Carlyle, Kinetic Advantage on Tuesday highlighted […] [Read More]