OPENLANE US vs Transax

The OPENLANE app brings together buyers and sellers in the preferred US marketplace for wholesale used vehicles. Wholesale dealers can seamlessly switch between buying and selling all within one consolidated and easy to navigate app, making dealer to dealer car sales easier than ever before. OPENLANE’s digital marketplace offers a fast, easy and transparent way to sell and source used and fresh vehicle inventory—anytime, anywhere. We bring together the leading OEMs, dealers, fleet operators, rental companies and financial institutions to match the right buyer with the right car at every price point. We give you the power to buy or sell your way with OPENLANE’s variety of sale types. Whether you prefer the fast-paced action of the standard online dealer auction format, the flexibility and variety of OPENLANE’s marketplace or the certainty of Absolute Sale, OPENLANE has a sourcing or selling solution for you. The OPENLANE Marketplace offers sellers strong results with 110% of book value on average across all price bands, often in less than a day. Thanks to the wholesale industry's first AI-enhanced damage detection feature and the most robust search and filtering capabilities on the market, buyers are able to source inventory faster and with more confidence than ever before—all with the industry’s most competitive fees. OPENLANE condition reports feature: - An easy-to-read layout to quickly determine if the vehicle has issues - Visual Boost AI™, an AI-enhanced exterior detected damage visualization - Easy-to-read scan codes with Code Boost IQ, engine noise audio files, photos and more - Complimentary AutoCheckⓇ on all listings Find all the buyers, all the sellers and all the vehicles right now on the OPENLANE app.

Transax provides everything a dealership needs to extend their personal sales experience to wherever their customers are. Transax’s platform includes a full suite of digital engagement tools including full business texting, e-signatures, e-quotes and e-payments to ensure that dealers can move any deal forward at the customer’s convenience. Communicate with prospects and customers using their preferred communication methods.