Broader connection between OPENLANE online car auctions and Sixt Leasing offers buyers more inventory with greater convenience and seamless service.
Recently OPENLANE began offering digital auctions in an aggregated bidding process that works in collaboration with Sixt Leasing SE, one of Germany's leading manufacturer and bank-independent vehicle leasing providers. The auctions accept bids, in real-time, on both the Sixt Leasing and OPENLANE auction platforms.
Fifty countries
This expanded collaboration has seen OPENLANE inviting buyers from more than fifty countries to participate in the auctions of remarketed vehicles from Sixt Leasing. ‘In the first rounds, significantly more Sixt Leasing vehicles were offered and sold by OPENLANE than previously,’ explains Andreas Birgmann, Executive Manager of Remarketing at Sixt Leasing. ‘This new agreement is set to vastly expand our buyer portfolio.’
In order to meet the needs of these buyers, Sixt Leasing anticipates auctioning three to five batches of vehicles every week. ‘The number of vehicles being auctioned is enormous,’ says Birgmann. ‘This has already proven to be a success for us, for OPENLANE and for buyers.’
Going technical
It’s possible to present the aggregated auctions on both the Sixt Leasing and the OPENLANE platform due to a new technical connection designed by technology provider Motrada. While the technology was made specially for these auctions and is a vital link in the chain, it is only one of many.
‘Auctioning vehicles to such an extensive customer base is only part of the story,’ says Chief Executive Officer at OPENLANE Europe, Johan Meyssen. ‘It’s important to provide a wide variety of other services that buyers require.’
Seamless service for customers
Meyssen believes OPENLANE supports buyers and sellers with the industry’s most innovative technical capabilities and customer service.
‘For years now, OPENLANE has taken responsibility for vehicle descriptions, quality control and valuation of the vehicles, as well as managing vehicle documentation and all the papers necessary for exporting. In addition, we offer clients a range of services relating to payments, extra inspections, transport and logistics across Europe, all backed up by customer service in numerous languages. We are constantly adding to and updating our service offerings; we go to great lengths to meet the needs of our buyers and sellers.’
About Sixt Leasing:
Sixt Leasing SE is one of Germany's leading manufacturer- and bank-independent vehicle leasing providers with subsidiaries in Austria, Switzerland, France and the Netherlands. Via their franchise and cooperation partners Sixt Leasing has reached customer in more than 30 additional countries. For corporate customers, Sixt Leasing develops tailored full-service leasing solutions. Based on decades of expertise and highly efficient process management, Sixt Leasing optimises the total operating costs of fleets over the long term and independently of manufacturers.
Through the subsidiary Sixt Mobility Consulting, Sixt offers this expertise to customers who have bought or leased their vehicles from third parties but wish to benefit from the advantages offered by professional external fleet managers. First working with OPENLANE in 2012, the collaboration has expanded in the time since, culminating in the fully aggregated auctions now being run.
About OPENLANE Europe:
OPENLANE Europe NV, based in Belgium, is a division of KAR Global (NYSE: KAR), the global provider of vehicle remarketing and technology solutions. With sales offices in Belgium, France, Germany (including GWListe, part of the OPENLANE Europe division of KAR Global), Italy, the Netherlands and Spain, OPENLANE Europe seamlessly connects OEMs as well as fleet owners, wholesalers and dealers through its robust online marketplace for vehicle wholesaling with buyers in more than 50 countries across Europe. Read more here, www.openlane.eu.
About KAR:
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global’s unique end-to-end platform supports whole car, financing logistics and other ancillary and related services, including the sale of nearly 3.8 million units valued at approximately $40 billion through our auctions in 2019. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in more than 80 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Mexico, U.K. and Europe. For more information and the latest news, go to www.KARglobal.com and follow us on Twitter @KARspeaks.