OPENLANE | Company Profile - Revenue, Headcount, Tech Stack, Contacts

OPENLANE, Inc. is a technology-driven company based in Carmel, Indiana, operating a global digital marketplace for used vehicles. Founded in 1999 and incorporated in 2006, it connects buyers and sellers across the United States, Canada, Europe, and the UK, with a presence in over 40 countries and more than 90 locations worldwide.

The company has two main segments: the Marketplace Segment, which provides digital services for buying and selling used vehicles along with ancillary offerings such as transportation logistics, vehicle reconditioning, and administrative support; and the Finance Segment, which offers floorplan financing tailored for independent vehicle dealers. OPENLANE leverages technology and data insights, collaborating with OEMs, dealers, and financial institutions to simplify automotive remarketing and enhance the buying and selling process. In May 2023, it rebranded from KAR Auction Services, Inc. and is publicly traded in the consumer discretionary sector.