OPENLANE (NYSE:KAR) (NYSE: KAR) operates a leading digital marketplace for the wholesale buying and selling of used vehicles, serving as a critical link between vehicle sellers—including rental fleets, banks, lease companies and dealerships—and accredited wholesale buyers. Through its proprietary e-commerce platform, OPENLANE facilitates real-time auctions, streamlined transaction processing and enhanced market transparency, enabling sellers to maximize returns and buyers to access a broad selection of inventory from virtually any location.
In addition to its core auction services, OPENLANE provides a suite of complementary solutions designed to simplify the remarketing process. These offerings include comprehensive vehicle inspections, reconditioning coordination, title and registration support, transportation logistics and floor-plan financing. By integrating these services into a single platform, the company helps clients reduce operational complexity, accelerate transaction cycles and optimize vehicle resale values.
With headquarters in Carmel, Indiana, OPENLANE maintains a robust presence across North America and Europe. The company’s network encompasses facilities and digital hubs in the United States, Canada, the United Kingdom and Ireland, supported by a team of remarketing professionals and technology specialists. OPENLANE continues to invest in data analytics and artificial intelligence enhancements, broadening its geographic footprint while driving improvements in pricing accuracy and buyer-seller matching.
Founded originally as KAR Auction Services in 1989, the business rebranded to OPENLANE in 2023 to reflect its evolution into a digital-first enterprise. The company is led by President and Chief Executive Officer Darren Wells, who oversees strategic growth initiatives and product innovation. Under his leadership, OPENLANE aims to advance the vehicle remarketing industry by delivering end-to-end solutions that combine technology, logistics and customer support.
