OPENLANE (NYSE:KAR) (NYSE: KAR) operates a leading digital marketplace and full-service remarketing platform for used vehicles. The company provides both online and physical auction solutions, leveraging proprietary technology to connect sellers—including automotive manufacturers, dealer groups, rental and fleet operators—to a broad network of independent and franchise dealers. Through its platform, users can access real-time bidding, vehicle inspection reports, pricing guides and comprehensive data analytics to optimize transaction outcomes.
The company’s core offerings include a cloud-based auction management system, digital lane software, mobile bidding applications and marketing services designed to maximize vehicle turn times and resale values. In addition to auction facilitation, OPENLANE delivers ancillary services such as title and registration support, transport coordination, reconditioning oversight and payment settlement. These integrated capabilities aim to streamline the remarketing process and reduce logistical complexity for clients.
OPENLANE serves customers primarily across North America, with operations spanning the United States and Canada. The company also maintains a presence in key European markets through its legacy acquisitions, enabling cross-border remarketing and access to international dealer networks. Its network of physical auction facilities is complemented by a robust online platform that supports remote participation in live auctions, extended sales events and private treaty transactions.
Originally founded in 1989 as KAR Auction Services, the business expanded its digital footprint through strategic acquisitions of European remarketing platforms in 2018. In late 2022, the company unified its global operations under the OPENLANE brand. Headquartered in Carmel, Indiana, OPENLANE continues to evolve its technology suite and service offerings to meet the changing needs of the automotive wholesale market.
