During the company’s recent earnings call to announce fourth-quarter and full-year 2022 results, Jason McClenahan, CEO of EBlock parent E Inc., explored the current wholesale environment, offering insight on conversion rates, pricing, demand and more. McClenahan said that revenue for EBlock was up due in part to the auction transactions completed in the past 12 months, as well as ... [Read More]

An active stretch at the Consumer Financial Protection Bureau continued Wednesday when the CFPB said it has launched an inquiry into companies that track and collect information on people’s personal lives. In issuing this new Request for Information, the CFPB said it wants to understand the full scope and breadth of data brokers and their […] [Read More]

Cox Automotive is ending physical auction sales at its Manheim Edmonton location, the company told Auto Remarketing on Wednesday. The last public sale at the auction will be March 25 and the final commercial sale is March 30. The company will still be operating in Alberta with its digital properties, but will not have a […] [Read More]

As we begin to wind down our series of podcasts from NADA Show 2023 earlier this year in Dallas, Randy Barone of ACV joins the show. Barone and Cherokee Media Group’s Joe Overby discuss Barone’s used-car workshop at NADA, how dealers can adapt to market fluctuations and ACV’s new “TEC Talks.” The podcast can be […] [Read More]

Auto Auction Services Corp., will see one of its entrenched executives leave the company at midyear. More widely known as AutoIMS, the company announced on Wednesday that Joe Miller is stepping down from his position as executive vice president of client success, effective June 30. AutoIMS highlighted Miller’s impact on the company and the remarketing […] [Read More]

On Wednesday, CARFAX highlighted the nation’s top-rated auto service centers, based on verified reviews collected through the free CARFAX Car Care vehicle maintenance program. Calling them “the best of the best,” the vehicle history report provider said winners are recognized for providing exceptional service and customer satisfaction. The 2022 CARFAX Top-Rated Service Centers received an […] [Read More]

This week, CDK Global and the National Association of Minority Automobile Dealers (NAMAD) announced that the seventh annual Fueling Careers scholarship program now is accepting applications. Officials said the scholarship program was established to support ethnic minority high school students of dealership employees who demonstrate financial need in their pursuit of a college education. The […] [Read More]

Another Canadian dealership group has expanded to the U.S. Go Auto, which has nearly 60 dealerships in Canada, has purchased Washington state’s Toyota of Bellingham and Mercedes-Benz of Bellingham, according to a news release from Performance Brokerage Services, which advised on the sale. “I would like to thank Rob Armstrong and the Performance Brokerage Services […] [Read More]

Equifax selected a former Fiserv executive to serve in a critical role for the credit bureau. On Tuesday, Equifax named Todd Horvath as president of U.S. Information Solutions (USIS) in a move that’s effective on March 31. In this role, Equifax said Horvath will drive the business unit’s overarching growth strategy, leveraging the company’s differentiated […] [Read More]

DriveItAway Holdings is continuing to strive toward making electric vehicles available to just about anyone. On Wednesday, the company with unique subscription to purchase technology announced a partnership with the leading workplace perks provider, Next Jump, and its Perks at Work platform. DriveItAway highlighted that Perks at Work helps 70% of the Fortune 1000 companies […] [Read More]