OPENLANE operates a digital marketplace for wholesale used vehicles across North America and Europe, connecting sellers such as manufacturers, fleet operators, and financial institutions with dealer buyers through integrated technology, data analytics, and logistics infrastructure. The company generates revenue through two main segments: its Marketplace segment, which charges auction fees, service fees for transportation and reconditioning, and SaaS licensing; and its Finance segment (AFC), which provides short-term inventory financing (floorplan loans) to independent dealers, earning interest and origination fees. The company serves the broad wholesale automotive market, which includes both commercial off-lease sales and dealer-to-dealer transactions, capturing a significant share of commercial vehicle remarketing and complementing its marketplace with financing solutions that increase transaction volume and customer engagement.