Openlane Inc - Company Profile
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Business Description
Openlane Inc (Openlane) is a leading provider of vehicle auction services, specializing in the sale of new and used vehicles through digital marketplaces. The company offers a comprehensive suite of value-added services, including inspections, transportation, reconditioning, collateral recovery, titling, and floor plan financing.
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Business Segments
Overview
Provides short-term inventory-secured financing, such as floorplan financing to independent used vehicle dealers across North America. Generates revenue from fees, including floorplan, curtailment, origination, and other related program fees in the US and Canada.
Performance
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Overview
Provides car auctions and related services in North America and serves domestic and international customer base through live and online auctions. Also offers various services such as digital marketplace service, transportation service, reconditioning services, inspection services, vehicle research services and remarketing services. Offers online services including, ADESA Simulcast, Simulcast+, ADESA.com, TradeRev, BacklotCars, and DealerBlock.
Performance
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Geographical Segments
Target Markets
Canada, the UK, Continental Europe, and Mexico.
Performance
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Performance
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