The Work Index by Flexa

OPENLANE

OPENLANE is a leading operator of digital marketplaces for wholesale used vehicles, facilitating transactions between dealers, OEMs, financial institutions, and other buyers and sellers.

6.7

/10

Transparency ranking

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Description

OPENLANE is a leading operator of digital marketplaces for wholesale used vehicles. The company provides a platform that connects buyers and sellers across the global wholesale used vehicle industry, facilitating the sale of millions of vehicles each year. OPENLANE’s technology-driven approach aims to simplify the remarketing process, reducing risk and improving transparency for its customers, including OEMs, dealers, fleet operators, rental companies, and financial institutions. The company's mission is to build the world's greatest digital marketplace for used vehicles, offering a fast, easy, and transparent way to sell and source used vehicle inventory, anytime, anywhere.

OPENLANE has a global footprint, with operating locations across North America, Europe, the Philippines, and Uruguay, and a customer base spanning over 40 countries. The company's commitment to innovation is evident in its continuous development of new technologies and services, including Visual Boost AI™ and Code Boost IQ, which are designed to enhance the customer experience and deliver superior results. OPENLANE is dedicated to supporting its customers' success and to transforming the wholesale remarketing industry through digital innovation.

Flexibility

OPENLANE offers flexible work arrangements, including remote work opportunities. The company values its employees and creates a work environment that allows for personal and professional growth, while also being safe and welcoming to all.

Benefits

OPENLANE provides its employees with a comprehensive benefits package designed to support their well-being and growth. This includes health insurance, dental insurance, vision insurance, a 401(k) plan with company matching contributions, paid time off, and opportunities for professional development. The company also emphasizes a culture of diversity and inclusion through employee resource groups and offers a quarterly pulse survey and bi-monthly town halls to foster open communication and engagement.

Mission

OPENLANE is a digital marketplace for used vehicles, dedicated to simplifying the wholesale process for both buyers and sellers. They aim to connect the right buyers with the right cars, offering a fast, transparent, and efficient platform for acquiring and selling used vehicle inventory. Through innovative technology and a network of dealers, OEMs, fleet operators, rental companies, and financial institutions, OPENLANE strives to make wholesale easy and deliver better outcomes for everyone involved.

Automation
Data-driven
Disruptor
Environmental impact driven
Sustainability

Culture

OPENLANE cultivates a culture of diversity and inclusion, emphasizing open dialogue and professional growth for its employees. They prioritize a safe and welcoming work environment that values each individual and fosters employee engagement through employee resource groups, quarterly pulse surveys, and bi-monthly town halls. OPENLANE also actively engages with its communities through various partnerships, aligning its corporate giving and community involvement with its belief in "second chances for cars, people and communities."

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
People-first
Progressive
Supportive
Transparent

DE&I

OPENLANE is committed to fostering a diverse and inclusive workplace, believing that a variety of perspectives and experiences contribute to their success. They strive to create a welcoming environment for employees of all backgrounds, races, genders, sexual orientations, abilities, and religions, promoting open dialogue and providing resources to support their diverse global talent pool. They have established employee resource groups to foster engagement, belonging, mentorship, and professional development, and actively partner with community organizations to demonstrate their commitment to a more equitable and inclusive society.

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