OPENLANE, Inc. is the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers proven, end-to-end auto remarketing solutions to auto manufacturers; captive finance companies; lease and daily rental companies; financial institutions and wholesale auto auctions throughout the United States and Canada. OPENLANE powers successful online remarketing programs for American Honda Finance, Audi Financial Services, Avis Budget Group, Chase Auto Finance, Chrysler Financial Services, Ford Motor Credit, Porsche Financial Services, Volkswagen Credit, and several others. Since 1999, OPENLANE’s products and services have enabled customers to reduce cycle times, costs and achieve greater profitability.
Initial Investment: October 2002
Co-Investors Include: August Capital, Meritech Capital Partners