As part of its 20-year anniversary, Openlane has a series of new enhancements, releases, and promotions planned for the duration of this year.
Online sales of used vehicles in the wholesale market likely exceeded 2 million in 2018, as remarketing technology made it easier for dealers to evaluate, bid, and buy vehicles beyond physical auction locations.
More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.
Cox Automotive has established a new mobility services unit that combines existing businesses, such as its Flexdrive subscription service, with its acquisition of Clutch Technologies' subscription software platform to deliver fleet management solutions for mobility fleets, the company has announced.
The first half of 2018 has been a strong year for used vehicle values, and growth in upstream remarketing is playing a helpful role.
KAR Auction Services has rebooted its Openlane upstream digital remarketing platform with data science, A.I., machine learning, and cloud-based technology so it streamlines the experience for buyers and sellers, the company announced.
RMS Automotive has launched Optimization, an A.I.-powered product suite designed to provide vehicle-specific insights that help clients make data-driven decisions and improve their overall portfolio performance.
BMW Group Financial Services has launched an accelerator program meant to provide entrepreneurs, startups, and small businesses with the opportunity to partner with the captive finance company to develop new technologies, according to the company.
RMS Automotive has launched the first phase of a remarketing platform intended to drive sales for BMW China and its more than 400 CPO-program-authorized dealerships, the company announced.
Key components of that strategy will include expanding educational offerings for AutoIMS clients to share client and auction best practices; evolving and expanding the company’s Technology 2020 plan; and launching a new Client Experience initiative, according to the company.
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