Openlane Inc. has experienced a 250 percent rise in repossessed vehicle sales and a 75 percent sell-through rate in its recovery remarketing program since January.

Openlane has seen a 94 percent increase of recovery companies registered to support sales for their financial lender clients since January of this year with 83 percent of the registered recovery companies having sold at least one car on Openlane. There are now close to 300 recovery companies registered with Openlane.

Today's Other NewsNow Articles

AutoNation Reports Higher Profits on Used Cars

Auto Loans Rise as Credit Performance Improves

Warren Leaves CFPB Post