MyLot: Your Inventory Management System Solution
Running a dealership is a balancing act. Everyday, you decide which cars to keep for retail and which ones are better off as wholesale cars. If you wait too long to decide, you lose money. If you price them wrong, you lose money… and time.
This is where MyLot comes in, the new inventory management system for car dealers — available on OPENLANE Canada.
What is MyLot? Your New Sidekick
MyLot is an inventory management system designed to give you total control and efficiency. For the first time, Canadian dealers can manage their retail and wholesale inventory directly on the OPENLANE Canada marketplace.
Whether you want to send a vehicle off for retail or auction cars online, MyLot shows you all the data, all your inventory — in one place.
Why This Matters for Your Dealership
- Real-Time Visibility: You’ll see exactly which cars have been sitting on your lot. No more spreadsheets or manual tracking for which of your vehicles are aging! You’ll easily see how many days they’ve been on your lot and avoid losing money.
- Predictive Pricing: Most pricing tools tell you what a car is currently worth or has been worth in the past. Our Predictive Pricing Forecast, accessible through Market Guide 2.0, will provide you clear predictions for what a car might be worth 30, 60 or 90 days from now.
- Smart, Quicker Decisions: By seeing both wholesale and retail data and insights at the same time, you can decide if a vehicle will serve your bottom line better on your lot or at one of our online car auctions.
Supercharge Your Growth with ProPower
To give you the most out of MyLot, we’ve revamped our Pro Subscription tiers. MyLot will be included in a new tier called ProPower — a complete toolkit for any car dealer who wants to grow their dealership and take it to the next level.
When you sign up for ProPower, you get:
- Full Access to MyLot: Our new inventory management system
- Market Guide 2.0: OPENLANE’s industry leading pricing guide, now powered with predictive pricing
- Big Savings: Discounts on buy and sell fees
- Rebates: Access to our rebate program, PayDay
Ready to see how MyLot can help you manage your inventory?
For any questions, either reach out to your sales rep or give us a call and one of our team members will be happy to help.
888-260-4604
Monday – Friday: 7:00 a.m. – 8:00 p.m. ET
Saturday: 9:00 a.m. – 6:00 p.m. ET