OPENLANE, Inc. operates a digital auction platform that facilitates the wholesale buying and selling of vehicles among automotive dealers. The platform provides access to a wide range of inventory, including off-lease, fleet-maintained, and salvage vehicles, supported by comprehensive, AI-enhanced vehicle inspections and detailed condition reports. OPENLANE generates revenue through transaction fees and offers additional services such as integrated transportation logistics and floorplan financing. The company serves automotive dealers across the United States, enabling them to source inventory efficiently while minimizing risk through buyer protection programs.
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- www.openlane.com
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