autoniq Expands Offerings with Integration of Auction Edge Pipeline Market Report
FOR IMMEDIATE RELEASE
autoniq Expands Offerings with Integration of Auction Edge Pipeline Market Report
Addition Bolsters autoniq’s One-Stop-Shop Access and Convenience for Dealers
Carmel, Ind. – Sept. 9, 2024 – AUTONIQ, LLC, a subsidiary of leading operator of digital marketplaces for wholesale used vehicles OPENLANE, Inc. (NYSE: KAR), today announced the integration of the Auction Edge® Pipeline Market Report into the autoniq® platform. With the integration, the Pipeline Market Report (PMR) — which provides data-driven pricing guidance based on more than 175 EDGE Pipeline auctions — is now available for direct subscription and access by all autoniq subscribers.
“Dealers want quick and easy access to the right pricing and market data at the right time so they can quickly make informed wholesale buying and selling decisions,” said Matt Robertson, senior director at autoniq. “Integrating the Pipeline Market Report into autoniq’s already robust selection of pricing and market guides directly aligns with our mission to make wholesale easier for our customers. We’re proud to offer dealers a one-stop-shop for vehicle valuations, real-time market data and other insights. And with the addition of Pipeline Market Report, dealers now have access to nearly a dozen industry-leading pricing and market guides, all in one place through autoniq.”
The Pipeline Market Report is the industry’s first vehicle pricing guide driven solely by timely sale data from more than 175 EDGE Pipeline auctions, encompassing near real-time results from across the Auction Edge partner auctions. All autoniq subscribers will have an opportunity to preview the Pipeline Market Report through September 30, 2024, at which time continued access to the pricing guide will be made available via subscription.
“Buyers are always looking for relevant pricing data when considering vehicle sales and purchases,” said Dan Diedrich, CEO of Auction Edge. “Integrating PMR into autoniq provides users with a targeted data point to price and buy inventory and adds immense value to autoniq users, while also offering Auction Edge customers another convenient option for accessing it.”
autoniq powers the leading source for vehicle pricing and evaluation information, giving automotive dealers the confidence they need to make buying decisions for their business — all in one application. Dealers can scan VINs with a fast and accurate VIN scanner, browse available auction inventory for nearly 400 auctions and search for vehicles from mobile or desktop.
To learn more about autoniq and sign up for a free 30-day trial, visit autoniq.com.
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OPENLANE Contacts:
Media Inquiries: Laurie Dippold laurie.dippold@openlane.com
Analyst Inquiries: Itunu Orelaru itunu.orelaru@openlane.com
About OPENLANE
OPENLANE, Inc. (NYSE: KAR) provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. OPENLANE’s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Our integrated marketplaces reduce risk, improve transparency and streamline transactions for customers around the globe. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines. For more information and the latest OPENLANE news, visit corporate.openlane.com.
