CARMEL, IN--(Marketwired - Sep 24, 2015) - KAR Auction Services, Inc. (
"We are honored that Auction Edge has chosen Openlane to create this online selling tool for its almost 200 member auctions," said Peter Kelly, president of KAR's Digital Services Group, which includes Openlane. Kelly further stated that, "These auctions will now be able to sell their vehicles on the industry's premier private label platform."
By working with Openlane, Auction Edge member auctions will be offering vehicles for sale on an online auction interface that is well known to automotive dealers who are accustomed to buying vehicles at ADESA.com and on more than 30 private label websites powered by Openlane's technology platform.
"A private label platform has been in our plans for some time," explained Scott Finkle, president of Auction Edge. "Utilizing Openlane's technology is a win-win-win for the Auction Edge auctions, their selling consignors and their buying dealers."
Auction Edge is expected to offer this private label program to independent auctions in early 2016.
About KAR Auction Services
KAR Auction Services, Inc. (
Contact Information:
Media Inquiries:
Darci Valentine
(317) 249-4414
darci.valentine@karauctionservices.com
Analyst Inquiries:
Jonathan Peisner
317.249.4390
jonathan.peisner@karauctionservices.com