The acquisition expands our platform and enhances the customer experience and services we can offer as we continue to develop innovative and streamlined auction solutions."
"FastLane's relentless focus on its clients' changing needs is demonstrated by its strong hold in the U.S. "The acquisition of FastLane Auto Exchange uniquely strengthens our wholesale marketplace, EBlock, in both Canada and the U.S., allowing it to offer the only cross-border dealer to dealer digital auction platform with an end-to-end solution for cross-border buyers," said Jason McClenahan, President and CEO of E INC. FastLane is a midwest-focused, full-service auction marketplace located in Mount Morris, Michigan, 75 miles from Detroit and the Canadian border. d/b/a E INC (TSX: EINC) (the "Company" or "E INC") and sub-brand, EBlock - announced today that it has acquired FastLane Auto Exchange ("FastLane"), an independent dealer only auction marketplace that transacted approximately 24,000 vehicles in 2021. 22, 2022 /PRNewswire/ - E Automotive Inc. It does not store any personal data.Canada's leading dealer to dealer digital automotive auction creates the first end-to-end, cross-border solution, along with launching EBlock's Midwest marketplace
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The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. We are excited to join the EBlock team and continue to build on the momentum.”ġst, Auction, Auto, Buys, Choice, EBlock, Louisianas “We’ve always seen EBlock as a leader in empowering physical auctions to embrace digital efficiencies to meet our customers where they are and how they want to do business. “EBlock and Louisiana’s 1st Choice share a focus on delivering excellence – whether that is for the customers we serve, the people we employ, or the solutions we invest in,” John Poteet said in a news release. John Poteet is LAFCAA’s managing partner.
The 34-acre auction, which is located 60 miles north of New Orleans in Hammond, La., was founded in 2002.ĮBlock plans on integrating the auction’s facilities, team and customer base into its own U.S. LAFCAA’s Gulf Coast location enables EBlock to expand its digital dealer-to-dealer marketplace in the southern United States.” The same month, the company announced it had acquired FastLane Auto Exchange, an independent auction in Michigan.Īs for the latest acquistion, McClenahan said: “Louisiana’s 1st Choice is a dealer-focused business with an experienced, forward-thinking team that is excited about the digital evolution in the automotive wholesale industry. “By connecting physical auctions and digital auctions, we are creating a network of logistics hubs that will improve our ability to serve our customers and give them the flexibility to do business where and how they prefer it.”ĮBlock announced in February it had expanded to the Southeast, making its plaform available to dealers in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, Virginia and West Virginia. “The addition of physical auctions to our digital dealer-to-dealer platform is a natural extension of our commitment to supporting the evolving needs of our dealer partners,” McClenahan said. president and chief executive officer Jason McClenahan said in a news release. Southeast market which we announced earlier this year,” E INC. This acquisition supports the launch of the EBlock platform in the U.S. “The acquisition of Louisiana’s 1st Choice is another example of us executing our land-meets-technology strategy. expansion strategy, the Toronto-based company announced Wednesday it has acquired Louisiana’s 1st Choice Auto Auction. and its EBlock dealer-to-dealer digital auction subsidiary have purchased another independent auto auction and continue to grow in the Southern U.S.Īs part of its U.S.