Symbols

OPLN

OPENLANE·NYSE

--(--)

OPLN Profile

Openlane, Inc.

Triple empowerment via technology, data and logistics! OPENLANE builds a closed-loop for used car wholesale transactions

Industry

Integrated Consumer Services

Established Date

11/09/2006

Listing Date

12/11/2009

Exchange

New York Stock Exchange

Full-time Employees

4,032

Fiscal Year Ends

12-31

Website

corporate.openlane.com

Security Type

Common stock

Office address

11299 N. Illinois Street, Suite 500, Carmel, Indiana 46032

Business

Introduction

OPENLANE, Inc., was incorporated in Delaware on November 9, 2006. The company is a leading used car wholesale digital market operating in the US, Canada and Europe. The company's technology and personnel connect leading automakers, dealers, leasing companies, fleet operators, captive finance and lending institutions as buyers and sellers to facilitate vehicle transactions. The Company's business is divided into two reportable business segments, each of which is an integral part of the used car wholesale remarketing industry: the marketing segment and the financial segment. The Marketing Division serves customers through digital markets in the United States, Canada and Europe, as well as vehicle logistics centers within Canada. Through AFC, the financial sector mainly provides short-term, inventory-backed financing, namely exhibition financing, to independent auto dealers in the United States and Canada.