openlane
Digital wholesale marketplace for used vehicle remarketing and auctions.
Company facts
- Founded
- 2006
- Employees
- 4,800
- Headquarters
- United States
- CEO
- Peter Kelly
- Type
- Public
- Listed
- NYSE: OPLN
About
OPENLANE is a prominent digital marketplace that redefines how wholesale vehicles are bought and sold in the automotive industry. Established to provide unparalleled access to dealer and commercial vehicles, OPENLANE operates with a commitment to making wholesale transactions easy, efficient, and profitable for all stakeholders involved. With a robust network that extends beyond North America to Europe, the Philippines, and Uruguay, we cater to dealers, fleet operators, rental companies, and financial institutions globally. Based in Carmel, Indiana, OPENLANE leverages innovative technology to ensure that customers have the necessary tools for successful transactions. We offer a range of services including comprehensive digital platforms for buying and selling used vehicles, ensuring transparency and trust in every transaction. Our marketplace hosts thousands of listings each month, featuring fresh dealer trades and exclusive off-lease vehicles. Our inspections, enhanced by AI, guarantee the quality of vehicles, which reinforces our As Described Guarantee to our clients. As we continue to grow and innovate, our focus remains steadfast on supporting our clients in reaching their goals while fostering a community centered around successful wholesale practices.