EBlock
EBlock is a digital dealer-to-dealer wholesale auction platform offering live online sales with condition information, competing in the digital-wholesale space. Its pitch is transparent, digital-first wholesale buying and selling.
EBlock: Wholesale & auctions
Dealers should evaluate the inventory supply relevant to their market, the inspection and arbitration terms, and transport.
EBlock: product details
EBlock runs a dealer-to-dealer auction in which vehicles sell in about 60 seconds, with set auction times and run lists. It links physical independent auctions and online bidding in one sale, has partnered with Auction Edge to give independent auctions a dealer-to-dealer platform and acquired a Michigan physical auction, Fastlane Auto Exchange.
Buyers must hold a valid dealer license in their state. A dealer license is required.
A dealer who wants to buy or sell on it should ask about buyer and seller fees, arbitration and condition-report rules, how transport is arranged after a sale and how unsold units are handled. Fees vary by sale.