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Mergers

Fleet fixed and operating costs are increasing across the board, in particular fuel prices, higher acquisition costs, lower incentives, and unscheduled maintenance expenses. The forecast is for fleet expenses to increase for the next three years.

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Select 1 Group Acquires KT Auto Transport

This move will extend service offerings for Select 1 Transport by adding a fleet of open car haulers and expand new product delivery capability for OEMs, with a presence on the West Coast.

EBlock Acquires Fastlane Auto Exchange

FastLane will be the anchor asset for EBlock to expand its reach by enabling digital dealer-to-dealer buying and selling, positioning EBlock for further reach in the U.S. Midwest.

Wheels/Donlen Announces Senior Leadership Structure

The new combined Executive Leadership Team (ELT) consists of equal representation from each company and strives to set, meet, and exceed high internal expectations despite functioning as two companies as they work through a seamless and strategic corporate structure and transition plan.

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