As an independent auto dealer, you know that sourcing great inventory, keeping your cash flow healthy and making smart buying decisions are all critical parts of building a thriving business. What if you could simplify these essential tasks, giving you more time to sell vehicles and grow your dealership? With the OPENLANE family of companies, you can!
By aligning your wholesale strategy with the three key platforms of OPENLANE, autoniq®and AFC, you can create a more seamless experience for your inventory management—from finding the right vehicles and securing their financing, to evaluating them with precision. Let’s explore each key and how it supports your dealership’s wholesale success.
Key 1: Sourcing with OPENLANE – Your Digital Inventory Connection
Traditional inventory sourcing often means dedicating valuable time to traveling, inspecting and bidding at physical auctions. This can take away from the core business of selling vehicles and growing your dealership. OPENLANE offers a modern approach by connecting you to a nationwide network of used vehicle sellers.
How OPENLANE Can Enhance Your Sourcing:
- A World of Inventory at Your Fingertips: Imagine browsing thousands of vehicles—including fresh dealer trades and exclusive off-lease vehicles—from a nationwide network of sellers, all from your desk or on the go with the OPENLANE US app. Smart filters let you pinpoint exactly what you need by make, model, mileage and price, and you can even save your searches.
- Buy with Confidence: Buying online requires clear information, and OPENLANE delivers with detailed condition reports for every vehicle. These reports include over 25 high-quality photos with AI-enhanced exterior damage detection. They’ve also decoded OBD2 codes for you, translated in plain English in a clear color-coded format. CRs also feature high-quality engine audio recordings with anomalies visually highlighted, giving you a clearer picture before you bid.
- Convenience Around the Clock: The OPENLANE marketplace is open 24/7, letting you bid and buy on your schedule. The OPENLANE app allows you to manage the entire buying process, from placing bids to arranging transportation, cutting down on time-consuming travel.
- Fast Track for AFC Dealers: As an AFC customer in the US, you can have access to OPENLANE’s Fast Path sign-up — making it quicker and easier to start sourcing vehicles with OPENLANE US and finance them with AFC.
Key 2: Evaluating with autoniq – Your Smart Buying Guide
Making confident buying decisions relies on having the most accurate and comprehensive information available. autoniq is your go-to platform for vehicle pricing and evaluation, empowering you to buy and sell with informed confidence.
How autoniq Enhances Your Evaluation Process:
- Comprehensive Pricing Expertise: Get all the crucial pricing details you need with autoniq’s pricing guides, giving you the data you need to buy and sell. It integrates real-time, accurate valuations from industry leaders like Black Book®, Galves®, J.D. Power®, Kelley Blue Book®, autoniq® Profit Guide and Manheim Market Report®.
- Market Insights for Strategy: Enhance your dealership’s strategy and stay informed with key insights from autoniq® Market Report, AuctionNet®, Retail Index, CarValue, MMR® and more to understand market trends and improve inventory planning.
- Seamless Workflow Integrations: Boost your efficiency with autoniq’s Chrome Extension and Simulcast Integrations. The Chrome® Extension lets you conveniently access VIN lookup and market reports right in your browser, so you can quickly spot, manage and evaluate vehicles with a single click without constant screen switching.
- On-the-Go VIN Scanner: Need quick intel? autoniq’s VIN Scanner reads barcodes and QR codes, so you can get accurate vehicle information wherever you are.
Key 3: AFC – Your Financial Foundation for Inventory
Once you’ve found the perfect vehicles for your lot, choosing the right floorplan financing is essential for setting your dealership up for success. At AFC, we provide tailored financing solutions that align with your unique business needs.
How AFC Floorplans Support Your Inventory Strategy:
- Flexible Terms for Your Business: Our flexible floorplan financing options are designed to meet your specific needs, whether it’s for automotive, specialty, fleet, powersport or RV vehicles. We even offer financing for non-auction purchases, allowing you to take advantage of those trade-ins.
- Personalized Local Support: With AFC, you’re connected to a team of dedicated industry experts across the US and Canada. Backed by more than 90 branch locations, our experts are positioned to provide personalized support designed to meet the unique needs of your business.
- Manage Your Floorplan, Your Way: The AFCDealer® platform puts you in control, offering 24/7 access to manage your floorplan. You’ll have real-time access to your inventory, credit line and transaction history, allowing you to make quick, informed decisions whether you’re at the dealership, at home or on the go.
- Empowering Growth: With AFC, you can improve your cash flow and grow your inventory faster. Our expansive auction network spans over 1,400 inventory sources across the US and Canada.
Bringing It All Together: A Smarter Wholesale Picture
Ready to see how integrating these keys can empower your dealership? Explore OPENLANE, autoniq and AFC and build a more efficient and profitable wholesale strategy.
* Disclaimer: Descriptions of AFC floorplans are for illustrative purposes only. Terms of AFC floorplan financing are subject to a final written agreement acceptable with AFC. AFC does not guarantee any results for floorplan financing and examples are for illustrative purposes only. Dealers should consult their own advisors to make independent business decisions regarding floorplan financing. “AFC” refers to Automotive Finance Corporation, Automotive Finance Canada Inc., and AFC Cal, LLC in their respective jurisdictions
