[{"id":8248,"date":"2026-07-14T15:25:23","date_gmt":"2026-07-14T19:25:23","guid":{"rendered":"https:\/\/www.openlane.ca\/?p=8248"},"modified":"2026-07-14T15:26:03","modified_gmt":"2026-07-14T19:26:03","slug":"mylot-your-inventory-management-system-solution","status":"publish","type":"post","link":"https:\/\/www.openlane.ca\/en\/insights\/mylot-your-inventory-management-system-solution\/","title":{"rendered":"MyLot: Your Inventory Management System Solution"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">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\u2026 and time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is where MyLot comes in, the new inventory management system for car dealers \u2014 available on OPENLANE Canada.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-what-is-mylot-your-new-sidekick\" class=\"wp-block-heading\">What is MyLot? Your New Sidekick<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">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.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you want to send a vehicle off for retail or auction cars online, MyLot shows you all the data, all your inventory \u2014 in one place.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-why-this-matters-for-your-dealership-nbsp\" class=\"wp-block-heading\">Why This Matters for Your Dealership&nbsp;<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Real-Time Visibility: <\/strong>You\u2019ll see exactly which cars have been sitting on your lot. No more spreadsheets or manual tracking for which of your vehicles are aging! You\u2019ll easily see how many days they\u2019ve been on your lot and avoid losing money.&nbsp;<\/li>\n\n\n\n<li><strong>Predictive Pricing: <\/strong>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.&nbsp;<\/li>\n\n\n\n<li><strong>Smart, Quicker Decisions: <\/strong>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.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-supercharge-your-growth-with-propower-nbsp\" class=\"wp-block-heading\">Supercharge Your Growth with ProPower&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To give you the most out of MyLot, we\u2019ve revamped our <a href=\"https:\/\/www.openlane.ca\/en\/insights\/the-all-new-proplans-how-to-pick-a-subscription-tier\/\">Pro Subscription tiers<\/a>. MyLot will be included in a new tier called ProPower \u2014 a complete toolkit for any car dealer who wants to grow their dealership and take it to the next level.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When you sign up for ProPower, you get:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Full Access to MyLot: <\/strong>Our new inventory management system&nbsp;<\/li>\n\n\n\n<li><strong>Market Guide 2.0: <\/strong>OPENLANE\u2019s industry leading pricing guide, now powered with predictive pricing&nbsp;<\/li>\n\n\n\n<li><strong>Big Savings: <\/strong>Discounts on buy and sell fees<\/li>\n\n\n\n<li><strong>Rebates:<\/strong> Access to our rebate program, PayDay&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Ready to see how MyLot can help you manage your inventory?&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.openlane.ca\/en\/mylot\/\">Learn More<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">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.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">888-260-4604<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday \u2013 Friday: 7:00 a.m. \u2013 8:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saturday: 9:00 a.m. \u2013 6:00 p.m. ET<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2026 and time.&nbsp; This is where MyLot comes in, the new inventory management [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[142],"tags":[139],"class_list":["post-8248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-tech","tag-easy-mode"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MyLot: Your Inventory Management System Solution - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Take charge of your dealership with MyLot \u2014 our new inventory management system that streamlines retail and wholesale vehicle 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Tip: Using Market Guide 2.0 for Vehicle Valuation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Picture this: You\u2019re standing on your lot, looking at a trade-in, and trying to guess exactly the used car value at wholesale. Guess too high, and you lose money when you flip it. Guess too low, and the customer walks across the street to a competitor who gave them a better number. It\u2019s a stressful guessing game that ruins your margins and wastes your time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You shouldn&#8217;t have to rely on gut feelings or outdated guides to figure out what a vehicle is worth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What if there was a way to eliminate the guesswork? By using OPENLANE\u2019s digital tools , you can tap into real-time market data from OPENLANE to pinpoint a vehicle&#8217;s exact market value in minutes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here is your quick, step-by-step guide to nailing your appraisals every single time with Market Guide 2.0.<\/p>\n\n\n\n<h2 id=\"h-step-1-log-in-and-head-to-market-guide-2-0-nbsp\" class=\"wp-block-heading\">Step 1: Log In and Head to Market Guide 2.0&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">First things first\u2014open up your laptop or grab your phone and log into your OPENLANE Canada account. From your main dealer dashboard, click on Market Guide. This is your command centre for wholesale market data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because OPENLANE Canada connects thousands of dealerships across the country, the data you see here isn&#8217;t just a generic estimate. It is based on real vehicle values at active auto auctions, giving you detailed vehicle valuation in seconds.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-step-2-enter-the-vehicle-details\" class=\"wp-block-heading\">Step 2: Enter the Vehicle Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Accuracy matters, so type in the make, model, kilometers and province to get your market data. Then, click on the sales data you want to see \u2014 you can view historical prices up to 180 days in the past.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1024x534.png\" alt=\"\" class=\"wp-image-8218\" srcset=\"https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1024x534.png 1024w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-300x156.png 300w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-768x400.png 768w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1536x801.png 1536w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image.png 1901w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 id=\"h-step-3-getting-pricing-forecasts-nbsp\" class=\"wp-block-heading\">Step 3: Getting Pricing Forecasts&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u2019t just look at what a car was worth last month \u2014 know where the market is moving before it gets there. Once your vehicle details are in, toggle over to the \u201cPricing forecast\u201d tab.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Built using powerful data models that use OPENLANE\u2019s trusted wholesale data, this feature forecasts vehicle values up to 90 days in advance. You can easily view targeted future price predictions for 30, 60, or 90 days out. This takes the risk out of buying inventory that might sit for a few weeks, allowing you to price with confidence and protect your margins against unexpected market drops.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Just enter the VIN and odometer reading and you\u2019ll be all set. No more guesswork.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1-1024x572.png\" alt=\"\" class=\"wp-image-8220\" srcset=\"https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1-1024x572.png 1024w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1-300x167.png 300w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1-768x429.png 768w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1-1536x857.png 1536w, https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/07\/image-1.png 1897w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Need a walkthrough of the platform? Our Canadian team is ready to help.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/registrations.openlane.ca\/?_gl=1*y0mtl9*_gcl_au*MTMwNTA0NzgzNi4xNzc3OTE0NDg4*_ga*MTcyOTQ0OTg5OS4xNzQyNDA0Mjgz*_ga_NNNB8R23V8*czE3ODM2MjQ1NTckbzM1MSRnMSR0MTc4MzYyNDk3MSRqMTMkbDAkaDE3MjA4MDIzNTU.\">Visit Here<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Give us a call at 888-260-4604.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday \u2013 Friday: 7:00 a.m. \u2013 8:00 p.m. ET&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saturday: 9:00 a.m. \u2013 6:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Picture this: You\u2019re standing on your lot, looking at a trade-in, and trying to guess exactly the used car value at wholesale. Guess too high, and you lose money when you flip it. Guess too low, and the customer walks across the street to a competitor who gave them a better number. It\u2019s a stressful [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[142],"tags":[139],"class_list":["post-8217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-tech","tag-easy-mode"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Quick Tip: Using Market Guide 2.0 for Vehicle Valuation - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Use OPENLANE\u2019s vehicle valuation tool to get vehicle values and 30-90 day pricing forecasts in minutes.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Dealer Auctions: 5 Ways Dealers Can Maximize ROI"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Used car dealers are in a non-stop hustle. Between tracking down the right inventory and keeping retail customers happy, there is always a lot on your plate. On top of that, there\u2019s pricing vehicles right and building trust with retail customers \u2014 all while trying to avoid the dreaded lot rot.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The good news is that with the right tools (and online dealer auction), you can keep up with all these priorities and maximize your ROI in the process. Whether you are buying or selling, here are five ways that you can take the guesswork out of your wholesale operations, protect your bottom line, and unlock higher return on investment.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-tip-1-use-data-to-guide-your-bids-nbsp\" class=\"wp-block-heading\">Tip #1: Use data to guide your bids&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With so many makes, models, and trims out there, it is impossible to be an expert on every single vehicle that rolls across your screen (a challenge that applies to even the most experienced used car dealers). By using wholesale valuation tools like Market Guide 2.0, you get instant access to live market values, making you ready to transact with total certainty.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market Guide 2.0 also offers future predictive pricing, which means you can see where vehicle prices are heading anywhere from 30, 60 or 90 days out. This gives you the confidence to step right out of your comfort zone with your own actionable game plan. Learn more about Market Guide 2.0 in <a href=\"https:\/\/www.openlane.ca\/en\/insights\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\/\">7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices.<\/a><\/p>\n\n\n\n<h2 id=\"h-tip-2-build-trust-on-the-retail-floor-nbsp\" class=\"wp-block-heading\">Tip #2: Build trust on the retail floor&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Today\u2019s retail car buyers are better informed than ever before. They might wonder \u2014 what is the market price? What are typical negotiation strategies at a used car dealership? If they feel like you are hiding something, they will walk away. Use data tools that help you remain fully transparent with retail customers. When you can show live market comparisons right on a tablet, you eliminate friction, validate your pricing, and build the kind of trust that closes retail deals faster.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPENLANE has several options for this \u2014 including Retail Inspect and Retail Suite (offered in our ProPower subscription tier). With these tools, you can offer retail customers easy-to-read car previews and have them view a detailed vehicle inspection&nbsp; from the comfort of their home.<\/p>\n\n\n\n<h2 id=\"h-tip-3-keep-your-inventory-moving-nbsp\" class=\"wp-block-heading\">Tip #3: Keep your inventory moving&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Every single day a vehicle sits on your lot, it eats into your profits. To prevent &#8216;lot rot&#8217; from draining your cash flow, you need a system that highlights hidden bottlenecks. Subscribing to an Inventory Management System (IMS) will help you actively manage your inventory. It keeps your stock fresh by notifying you exactly when it is time to retail a unit or cut it loose to wholesale.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One option for this is OPENLANE\u2019s MyLot \u2014 it\u2019ll alert you when your vehicles are aging and let you launch it into an online auction from the same page!&nbsp;<\/p>\n\n\n\n<h2 id=\"h-tip-4-get-a-complete-view-of-your-timeline-nbsp\" class=\"wp-block-heading\">Tip #4: Get a complete view of your timeline&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Maximizing ROI requires looking at both sides of the coin. You need to know exactly how many days a vehicle has spent on your lot and the average days-on-market for comparable vehicles in your region. To get that full 360-degree view, you need a tool built for the job. That\u2019s exactly what MyLot does.<\/p>\n\n\n\n<h2 id=\"h-tip-5-track-opportunities-right-at-the-front-door-nbsp\" class=\"wp-block-heading\">Tip #5: Track opportunities right at the front door&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Think about how many times a day your appraiser is asked for the value of a trade-in. If those vehicles walk out the door untracked, you are losing a potential future opportunity. You need to track all sale opportunities at the very front door of your dealership. Make it a rule to capture the VIN, exact mileage, and customer contact info every time. This simple habit will help you make more deals, simply because it leads to more meaningful conversations with your customers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the end of the day, wholesale shouldn&#8217;t be a headache. Closing deals becomes easier and much more profitable when you let data insights do the heavy lifting. By injecting these five habits into your daily routine, you stop guessing and start growing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Need a walkthrough of the platform or have questions? Our Canadian team is ready to help.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/registrations.openlane.ca\/?_gl=1*97mpmy*_gcl_au*MTMwNTA0NzgzNi4xNzc3OTE0NDg4*_ga*MTcyOTQ0OTg5OS4xNzQyNDA0Mjgz*_ga_NNNB8R23V8*czE3ODM0NTA3MzAkbzM0NCRnMSR0MTc4MzQ1MTUxNCRqMTMkbDAkaDE0NjY0ODgwMTg.\">Visit Here<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Give us a call at 888-260-4604.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday \u2013 Friday: 7:00 a.m. \u2013 8:00 p.m. ET&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saturday: 9:00 a.m. \u2013 6:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Used car dealers are in a non-stop hustle. Between tracking down the right inventory and keeping retail customers happy, there is always a lot on your plate. On top of that, there\u2019s pricing vehicles right and building trust with retail customers \u2014 all while trying to avoid the dreaded lot rot.&nbsp; The good news is [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141,140],"tags":[139],"class_list":["post-8202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","category-wholesale-strategy","tag-easy-mode"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Online Dealer Auctions: 5 Ways Dealers Can Maximize ROI - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Maximize ROI with online dealer auctions 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Auction Confidence: Wholesale Vehicle Listings"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In wholesale, speed matters. Every extra day a unit sits on your lot means shrinking margins, rising floorplan costs and tied-up cash that could be working elsewhere.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The difference between a vehicle that sells immediately and one that sits for weeks often comes down to one thing: the quality of the listing. High-quality wholesale vehicle listings consistently outperform thin descriptions, especially in online wholesale car auctions where buyers must trust what they see.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The most successful dealers on OPENLANE follow a consistent process to price smarter, build buyer confidence and reduce the risk of arbitration from the start. Here are five proven steps to create a wholesale listing that attracts bids and sells quickly while strengthening wholesale auto inventory turnover.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-step-1-benchmark-your-pricing-for-better-wholesale-inventory-management-nbsp\" class=\"wp-block-heading\">Step 1: Benchmark Your Pricing for Better Wholesale Inventory Management&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Before you grab your camera or wash the windshield, you need to know what the market is doing today. Guessing your reserve price based on what a car was worth last month is a surefire way to slow a sale before it starts. Accurate pricing supports wholesale inventory management and yields healthier margins.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPENLANE\u2019s Market Guide 2.0 gives dealers access to real wholesale transaction data, helping you make more informed pricing decisions. Search by year, make, model, trim, region and more to compare similar vehicles and better understand current market trends for your wholesale auto inventory.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Market Guide 2.0 also includes predictive pricing insights, allowing you to view potential market trends 30, 60 and 90 days ahead. These insights can guide how you position vehicles in online wholesale car auctions and optimize wholesale vehicle listings for quicker sales.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn more about Market Guide 2.0 in our<a href=\"https:\/\/www.openlane.ca\/en\/insights\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\/\"> 7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices<\/a>.<\/p>\n\n\n\n<h2 id=\"h-step-2-capture-full-disclosure-photos-and-videos-nbsp\" class=\"wp-block-heading\">Step 2: Capture Full-Disclosure Photos and Videos&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once your pricing strategy is locked in, head out to your lot with your phone. Your goal here isn\u2019t to make a glamorous retail advertisement, it\u2019s to provide complete visibility. Online buyers can\u2019t kick the tires in person, so your media acts as their eyes.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Take more photos than you think you need<\/strong>: Capture the exterior from all four corners, the engine bay, dashboard cluster and tire tread.&nbsp;<\/li>\n\n\n\n<li><strong>Record a quick video walk-around<\/strong>: A short video showing the engine running and a smooth idle builds instant peace of mind.&nbsp;<\/li>\n\n\n\n<li><strong>Zoom in on the bad stuff<\/strong>: Take clear, close-up shots of scratches, minor dents or stained upholstery.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The more visual data you provide, the faster a buyer can calculate their own reconditioning costs and confidently hit the \u201cBid\u201d button. Detailed media also streamlines wholesale inventory management by reducing questions and speeding time-to-sale.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-step-3-write-transparent-disclosures-to-protect-the-deal-nbsp\" class=\"wp-block-heading\">Step 3: Write Transparent Disclosures to Protect the Deal&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Transparency is the ultimate sales accelerator in a digital wholesale car auction. In your text description, clearly and openly call out any mechanical quirks, structural disclosures or history report highlights. Accurate disclosures make your wholesale vehicle listings more trustworthy and reduce post-sale friction.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It might feel counterintuitive to list a vehicle\u2019s flaws, but it is the smartest business move you can make. Proper disclosures provide auto auction seller protection by preventing lengthy, frustrating and expensive arbitration disputes down the road. Remember the golden rule of the digital lanes: no surprises equal happy buyers. Happy buyers become repeat customers who will look for your dealership&#8217;s name in future sales and when trust is high, your wholesale auto inventory will turn faster.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<h2 id=\"h-step-4-choose-the-right-sales-format-and-turn-on-notifications\" class=\"wp-block-heading\">Step 4: Choose the Right Sales Format and Turn on Notifications<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Don\u2019t limit your success by sticking to just one sales channel. Different buyers look for inventory in different ways, so matching your car to the right format is key.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The 45-minute Auction:<\/strong> This format creates immediate, fast-paced urgency, forcing active buyers to make quick decisions and driving rapid inventory turnover.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Simulcast:<\/strong> Simulates a live, scheduled event, aggregating a massive, nationwide audience of targeted buyers all looking at the digital lane at the exact same time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once a listing goes live, jump into your account settings and <strong>turn on your notifications<\/strong>. This keeps you plugged into the live marketplace activity in real time, ensuring you can quickly accept, decline or counter a hot offer before the buyer moves on to another unit in their wholesale auto inventory search.&nbsp;<\/p>\n\n\n\n<h2 id=\"h-step-5-finalize-the-sale-with-a-timely-ownership-transfer\" class=\"wp-block-heading\">Step 5: Finalize the Sale with a Timely Ownership Transfer<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The digital gavel has dropped and the vehicle is sold, but your reputation as a premier seller depends heavily on what you do next.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Do not let the paperwork pile up on your desk. Make it a strict priority to execute a timely transfer of ownership as soon as the sale closes. Handling paperwork promptly&nbsp; shows the buying dealer that you respect their time, protects your standing on the platform and ensures your payout lands in your account without delay. Consistent follow-through closes the loop on great wholesale vehicle listings and keeps your wholesale auto inventory cycling efficiently.&nbsp;<\/p>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/registrations.openlane.ca\/?_gl=1*25b97x*_gcl_au*MTMwNTA0NzgzNi4xNzc3OTE0NDg4*_ga*MTcyOTQ0OTg5OS4xNzQyNDA0Mjgz*_ga_NNNB8R23V8*czE3ODI5Mjc5NTQkbzMzOSRnMSR0MTc4MjkyODAwMCRqMTQkbDAkaDE2MTQwOTUxOTE.\">Ready to Streamline Your Wholesale Process? <\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In wholesale, speed matters. Every extra day a unit sits on your lot means shrinking margins, rising floorplan costs and tied-up cash that could be working elsewhere. The difference between a vehicle that sells immediately and one that sits for weeks often comes down to one thing: the quality of the listing. High-quality wholesale vehicle [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141],"tags":[139,137],"class_list":["post-8171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","tag-easy-mode","tag-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Drive Auction Confidence: Wholesale Vehicle Listings - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Sell faster with proven steps for wholesale vehicle listings: benchmark pricing, clear photos, honest disclosures, and timely paperwork.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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Simple Steps to Sell Dealership Inventory Faster"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Let&#8217;s be honest: aging dealership inventory is one of the biggest challenges for dealers. Every day it sits, it loses value, takes up a prime spot and ties up your capital. You know you need to move it through wholesale vehicle sales, but the thought of coordinating transport to a physical auction or dealing with complicated listings processes can feel like another chore.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The good news is that wholesale doesn\u2019t have to be a drag. At OPENLANE, we\u2019ve built a digital auto marketplace that puts the power back in your hands. Whether you\u2019re looking for a 45-minute auction or a Simulcast sale, we\u2019ve streamlined the vehicle selling process to be easier than you think.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-1-create-your-listing-and-capture-vehicle-details\">Step 1: Create Your Listing and Capture Vehicle Details<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>45-minute auctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Open the OPENLANE mobile app and hit the <strong><em>Create<\/em><\/strong> button. Enter the VIN, vehicle condition details and all necessary disclosures. Once you\u2019re done, your listing moves to the <strong><em>Parked<\/em><\/strong> state, ready for its final review.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Simulcast&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click the dedicated Simulcast tab for a view of the sales schedule and runlists.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pro Tip:<\/strong> High-quality photos and videos are the best way to increase buyer confidence and help your vehicle sell faster online. The more detail you provide, the higher your chances of a quick sale.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-2-choose-your-selling-strategy-nbsp\">Step 2: Choose Your Selling Strategy&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once your inspection is complete, you have a few strategic options to sell dealership inventory fast:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>45-minute auctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are two routes you can go for 45-minute auctions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;If you want to build some hype, move the vehicle to <strong><em>Upcoming.<\/em><\/strong> This gives buyers up to four days to preview the car, add it to their WatchList and place Proxy Bids.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a hurry? Skip the line and launch it directly into an <strong><em>Active<\/em><\/strong> 45-minute auction. You\u2019ll be able to watch the bids roll in in real-time while you get back to managing your dealership.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>Simulcast<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can choose to sell your vehicle directly from your lot or transport it to a nearby Vehicle Logistics Center. List your vehicles 24 to 48 hours before a Simulcast sale begins to generate interest and give buyers a chance to preview your inventory. Market Guide 2.0 can help you evaluate your pricing and set a competitive floor price, which may improve your changes of selling.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-3-manage-offers-and-live-sales\">Step 3: Manage Offers and Live Sales<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To ensure you never miss a beat, set up your notifications in your settings, such as <strong><em>Vehicle in Closing<\/em><\/strong>, so you are always looped in on important marketplace activities and buyer messages. Providing clear and accurate disclosure helps foster buyer confidence and trust.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>45-minute auctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If your floor price is met during the auction, the vehicles move to <strong><em>Closing<\/em><\/strong>. This is the \u201covertime\u201d period where the top two bidders can battle it out. Every late bid extends the clock, ensuring you get the true market value.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you don\u2019t hit the floor price, don\u2019t sweat it. The vehicle moves to <strong><em>Pending<\/em><\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0You have a 24-hour window to either negotiate with the top bidder; or\u00a0<\/li>\n\n\n\n<li>\u00a0Send it to Closing at the current high bid.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;If you don\u2019t make a move within 24 hours, the listing expires to <strong><em>Not Sold<\/em><\/strong>.&nbsp;<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>Simulcast&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Manage your sales remotely. Log in up to an hour before the auction starts to review your runlist and ensure your vehicle condition reports are good to go. Once the sale goes live, you can monitor the bidding and manage your inventory completely online, keeping you in full control of your turf from anywhere.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-4-complete-the-sale-nbsp\">Step 4: Complete the Sale&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once a buyer wins your 45-minute auction or Simulcast Sale,&nbsp; the vehicle status updates to <strong><em>Sold <\/em><\/strong>and you can view the purchasing dealer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>45-minute auctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For trade-ins not yet on your lot, mark the vehicle as <strong><em>Landed<\/em><\/strong> once it arrives. To keep the vehicle selling process efficient, update this status within two business days of your original estimate.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>Simulcast<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the sold vehicle is already in-stock on your dealership lot, it skips the sold state entirely and goes straight to <strong><em>Landed.<\/em><\/strong> This immediately notifies the buyer that the vehicle is ready to be paid for and picked up.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-5-arrange-vehicle-pickup-or-transport\">Step 5: Arrange Vehicle Pickup or Transport<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When it\u2019s time for the vehicle to leave your lot:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If the buyer uses OPENLANE transport, the status updates automatically to <strong><em>Picked Up<\/em><\/strong>.<\/li>\n\n\n\n<li>If you\u2019re handling your own transport, you\u2019ll need to sign a Vehicle Release Form and manually update the status in the app.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This keeps your dealership inventory workflow accurate and up-to-date.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-step-6-relist-or-use-simulcast-to-maximize-exposure-nbsp\">Step 6: Relist or Use Simulcast to Maximize Exposure&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>45-minute auctions<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not every car sells on the first try, and that&#8217;s okay. If your vehicle ends up in the <strong><em>Not Sold<\/em><\/strong> state, you can:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Relist it quickly on the marketplace\u00a0<\/li>\n\n\n\n<li>Pivot to Simulcast for expanded buyer reach\u00a0<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:16px\"><strong>Simulcast<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Through the connected marketplace, you can go from a 45-minute auction to a Simulcast sale in just a few clicks. Best of all, there are no extra sell fees; if a vehicle was initially listed on OPENLANE, we\u2019ll match the original sell fee when moving it to Simulcast.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can even use our Remote Repping tool to represent your vehicle digitally during the Simulcast sale. You\u2019ll be able to chat with the auctioneer and answer buyer questions in real time, just like you were standing in the lanes, but without the travel time or the stale coffee.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-start-selling-faster-with-openlane\" style=\"font-size:24px\"><strong><em>Start Selling Faster with OPENLANE<\/em><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By following these steps, you\u2019re not just selling a car; you&#8217;re improving dealership inventory management, optimizing cash flow and selling vehicles faster online, making room for the inventory that actually belongs on your front line.<\/p>\n\n\n\n<div style=\"height:44px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/registrations.openlane.ca\/?\">Clear Your Lot Today<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Let&#8217;s be honest: aging dealership inventory is one of the biggest challenges for dealers. Every day it sits, it loses value, takes up a prime spot and ties up your capital. You know you need to move it through wholesale vehicle sales, but the thought of coordinating transport to a physical auction or dealing with [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141],"tags":[137],"class_list":["post-8125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","tag-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>6 Simple Steps to Sell Dealership Inventory Faster - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Sell dealership inventory faster and learn 6 simple steps to streamline wholesale car sales, boost cash flow, 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Tips to Increase Your Dealership\u2019s Buying Power and Source Inventory Faster"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Sourcing the right inventory while protecting your cash flow isn\u2019t easy. Between limited capital and endless listings, finding the right vehicles at the right price can slow you down.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With a solid strategy and the correct tools, you can stock more inventory, move faster and grow your dealership with confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-expand-your-buying-power-with-floorplan-financing\">1. Expand Your Buying Power with Floorplan Financing<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Want to stock more vehicles without tying up your cash? Floorplan financing is key.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A floorplan is a revolving line of credit that lets you purchase inventory using the vehicle itself as collateral. That means you can acquire more cars, increase your sales potential and keep your cash available for other parts of your business.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With OPENLANE, getting started is simple:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Already have a floorplan provider?<\/strong> Submit a Payment Method Authorization Form to integrate it seamlessly.<\/li>\n\n\n\n<li><strong>Need Financing?<\/strong> OPENLANE partners with<a href=\"https:\/\/www.autofinance.com\/apply\/\"> AFC (Automotive Finance Canada Inc.)<\/a> to offer flexible floorplan solutions built directly into checkout.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">More inventory. More flexibility. Less cash strain.&nbsp;<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/www.openlane.ca\/en\/insights\/how-floorplan-financing-helps-auto-dealers-fund-inventory\/\">OPENLANE&#8217;s Guide to Floorplan Financing for Dealers<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-source-inventory-anytime-with-a-nationwide-marketplace\">2. Source Inventory Anytime with a Nationwide Marketplace<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Inventory shouldn\u2019t be limited by geography or time.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPENLANE connects you to a nationwide network of sellers, including OEMs, dealers, fleets and rental companies. With 24\/7 access, you can browse, bid and buy whenever it works for you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That means:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>More selection<\/li>\n\n\n\n<li>More opportunities<\/li>\n\n\n\n<li>More control over your sourcing strategy<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-nbsp-3-find-the-right-vehicles-faster-with-smart-search-tools\">&nbsp;3. Find the Right Vehicles Faster with Smart Search Tools<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Speed matters. The faster you find the right inventory, the faster you can sell.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OPENLANE\u2019s advanced search tools help you zero in on exactly what you need:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Flexible Filters<\/strong>: Search by make, model, year, mileage and more, then sort by what matters most.<\/li>\n\n\n\n<li><strong>Saved Searches &amp; Alerts<\/strong>: Set it once and get notified when matched vehicles hit the marketplace.<\/li>\n\n\n\n<li><strong>Advanced Filters<\/strong>: Refine results by condition, fuel type, seller, floor status and more.&nbsp;<\/li>\n\n\n\n<li><strong>Auction Channel-Specific Filters<\/strong>: Tailor results by sale type, including Simulcast and 45-minute auctions.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Looking to get even more out of your sourcing strategy? Explore our tips for using search filters and tools to find the inventory faster, <a href=\"https:\/\/www.openlane.ca\/en\/insights\/a-car-dealers-guide-understanding-our-filters-and-search-features\/\">here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-stay-competitive-across-sales-channels\">4. Stay Competitive Across Sales Channels<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The best buyers don\u2019t rely on only one lane, they work across all of them.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Simulcast Auctions<\/strong>: Participate in live digital auctions from anywhere and prepare ahead with downloadable run lists.<\/li>\n\n\n\n<li><strong>45-minute Auction:<\/strong> Use proxy bids to set your max price and keep moving while the system bids for you.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Less scrolling. More sourcing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-make-data-driven-buying-decisions-with-market-insights\">5. Make Data-Driven Buying Decisions with Market Insights<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With OPENLANE Market Guide 2.0, you get access to daily pricing insights and real market data across all sales channels. Use it to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Understand current vehicle values<\/li>\n\n\n\n<li>Spot trends across regions and segments<\/li>\n\n\n\n<li>Set smarter bid limits with confidence<\/li>\n\n\n\n<li>Get pricing predictions up to 90 days in advance&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">When you combine real-time data with the right sourcing strategy, you reduce risk and improve margins on every purchase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ready to source smarter and grow your inventory with confidence? With flexible financing, powerful search tools and a nationwide marketplace, OPENLANE gives you everything you need to buy better, on your terms.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/registrations.openlane.ca\/?utm_medium=af&amp;utm_source=openlane_blog&amp;utm_campaign=ca_blog_oct&amp;utm_content=signup_ENG_FR&amp;_gl=1*kxy52b*_gcl_au*MTUwNzUxODYyNy4xNzcwMTI4NDk0*_ga*MTcyOTQ0OTg5OS4xNzQyNDA0Mjgz*_ga_NNNB8R23V8*czE3NzY2OTU2MDAkbzI3OSRnMSR0MTc3NjY5NTcyMyRqNTMkbDAkaDI2ODM3MDQ3Nw..\">Maximize Your Buying Power Today<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sourcing the right inventory while protecting your cash flow isn\u2019t easy. Between limited capital and endless listings, finding the right vehicles at the right price can slow you down.&nbsp; With a solid strategy and the correct tools, you can stock more inventory, move faster and grow your dealership with confidence. 1. Expand Your Buying Power [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141],"tags":[136],"class_list":["post-8090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","tag-buying"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Tips to Increase Your Dealership\u2019s Buying Power and Source Inventory Faster - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Discover strategies to source more inventory, protect cash flow, and grow your dealership buying power with OPENLANE\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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Essential Ways to Master Car Auctions on OPENLANE"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Navigating the digital wholesale world shouldn\u2019t feel like a guessing game. At OPENLANE Canada, we\u2019ve built our marketplace to be fast, nationwide, and \u2014 most importantly \u2014 easy for you to use.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you\u2019re a fan of our 45-minute car auctions or enjoy the high-energy vibe of a Simulcast car auction, understanding the &#8220;how-to&#8221; behind each format is the key to filling your lot efficiently. Here are five essential ways to master the buying process and win more inventory.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-get-ahead-with-the-upcoming-tab\">1. Get Ahead with the &#8220;Upcoming&#8221; Tab<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Don&#8217;t wait for the clock to start ticking to find your next unit. For 45-minute auctions, use the Upcoming tab to preview vehicles before they go live. This is your research phase \u2014 add units to your Watchlist or set Proxy Bids early. By doing your homework while the vehicle is in the &#8220;Upcoming&#8221; state, you\u2019re ready to strike the moment the car auction turns Active.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-master-the-45-minute-auction-flow\">2. Master the &#8220;45-Minute Auction&#8221; Flow<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re bidding in the final minutes and someone tries to jump in, don\u2019t panic \u2014 the timer extends to give everyone a fair shot. Once the floor price is met, the car moves to Closing. In this stage, the top two bidders get an extra 15 minutes to battle it out. It\u2019s all about staying focused until the sale ends for good.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-take-control-of-pending-negotiations\">3. Take Control of &#8220;Pending&#8221; Negotiations<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Didn&#8217;t hit the floor price? That doesn\u2019t mean the deal is dead. If you\u2019re the top bidder, the vehicle enters the Pending state. This is where the magic happens. You can initiate a negotiation directly with the seller to find a price that works for both of you. Just remember: you only have 24 hours to close the deal before the car is gone, so be direct and move fast.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-gear-up-for-simulcast-sales\">4. Gear Up for Simulcast Sales<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you miss the feeling of a live auction block, Simulcast is for you. These sales feature inventory from commercial sellers, fleets, and other dealers in a live-streamed format.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Export the Run List: Grab the list early to plan your day.<\/li>\n\n\n\n<li>Set Auto-Bids: If you can&#8217;t be at your desk when a specific lane starts, set an auto-bid so you don&#8217;t miss out.<\/li>\n\n\n\n<li>Watch for the Red &#8220;LIVE&#8221; Indicator: You can join the action up to an hour before the scheduled start.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-seamlessly-manage-your-purchases\">5. Seamlessly Manage Your Purchases<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Once you win in a 45-minute auction, the vehicle moves straight to your Purchases tab. No more digging through emails or paper trails to figure out what you bought and when. Having all your won inventory in one central location makes it easy to manage transport, inspections, and your overall inventory budget.<\/p>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\" id=\"h-ready-to-stock-your-lot\"><strong><em>Ready to stock your lot?<\/em><\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The right car is waiting for you. Whether it\u2019s a dealer-direct trade-in or a fresh off-lease commercial unit, you can find it all on our digital marketplace.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/app.openlane.ca\/?lang=en\">Login to OPENLANE Canada<\/a> and start bidding on your next winner.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Need a walkthrough of the platform? Our Canadian team is ready to help.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">888-260-4604<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday \u2013 Friday: 7:00 a.m. \u2013 8:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saturday: 9:00 a.m. \u2013 6:00 p.m. ET<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navigating the digital wholesale world shouldn\u2019t feel like a guessing game. At OPENLANE Canada, we\u2019ve built our marketplace to be fast, nationwide, and \u2014 most importantly \u2014 easy for you to use. Whether you\u2019re a fan of our 45-minute car auctions or enjoy the high-energy vibe of a Simulcast car auction, understanding the &#8220;how-to&#8221; behind [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8038,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141],"tags":[139],"class_list":["post-8037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","tag-easy-mode"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>5 Essential Ways to Master Car Auctions on OPENLANE - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Master car auctions on OPENLANE Canada with tips for bidding, Simulcast sales, 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Dealer FAQ: The Benefits of Buying Online with OPENLANE"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Navigating the digital wholesale marketplace doesn\u2019t have to be complicated. With the right tools, dealers can find better inventory, price vehicles more accurately and stock their lots faster.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This FAQ-style guide answers common dealer questions about using OPENLANE and shares proven strategies for inventory management, wholesale pricing and dealership efficiency, to help you make smarter decisions to maximize profitability.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faq\">FAQ:<\/h2>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-do-i-set-up-my-openlane-account-nbsp\">How do I set up my OPENLANE account?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Getting started is simple:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Register your dealership on OPENLANE Canada.<\/li>\n\n\n\n<li>Complete business verification requirements.<\/li>\n\n\n\n<li>Set up payment and financing preferences.<\/li>\n\n\n\n<li>Start browsing inventory and participating in auctions.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Once approved, you can start buying and selling right away in the digital wholesale marketplace.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-there-an-openlane-mobile-app\">Is there an OPENLANE mobile app?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. The OPENLANE mobile app lets you track incoming units, place bids, research VINS and manage your purchases from anywhere.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-openlane-subscription-tiers-and-why-are-they-important\">What are the OPENLANE subscription tiers and why are they important?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Choosing the right subscription is important because it determines your acquisition costs and the level of data you have to out maneuver the competition. OPENLANE offers two primary tiers:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ProFocused: <\/strong>This tier is perfect for buyers who want to keep costs low and maximize their profit on every car. It connects you to a nationwide network of inventory, offers discounted buy fees and includes access to Pay Day\u2014 OPENLANE\u2019s monthly rebate program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ProPower:<\/strong> To scale a dealership effectively, you need advanced data and retail integration to ensure every buy is a guaranteed fast turn. This tier gives you everything in ProFocused plus high level tools like Market Guide 2.0, Mylot, Market Trend Reports and the Retail Suite.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-market-guide-2-0-help-with-vehicle-pricing\">How does Market Guide 2.0 help with vehicle pricing?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Market Guide 2.0 helps dealers price vehicles with confidence by combining real-time data with future insights.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can quickly scan or search a vehicle, see how similar units are performing, and view pricing forecasts for today and up to 90 days in the future. It also highlights key data points like low, average and high prices, giving you a prediction of market trends. Learn more about how to use data to price inventory in our blog about Market Guide 2.0.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-mylot\">What is MyLot?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">MyLot is an inventory manager that helps you track, manage and organize your inventory, acting as a central hub to improve workflow and decision-making.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With MyLot, you can:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Monitor and organize lot stock&nbsp;<\/li>\n\n\n\n<li>Get clear visibility into aging inventory<\/li>\n\n\n\n<li>Streamline appraisal management<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-retail-suite-nbsp\">What is a Retail Suite?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Available through ProPower, Retail Suite is a set of tools designed to simplify appraisals and improve the retail customer experience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It gives you access to market data, lets you share clear vehicle previews with customers and allows them to complete trade-in inspections from the comfort of their home, helping you acquire local inventory faster and move deals forward more efficiently.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-proxy-bid\">What is a proxy bid?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">OPENLANE allows dealers to use proxy bidding, which automatically places bids for you up to your set maximum amount.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How this feature benefits you:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stay competitive in auctions without constant monitoring<\/li>\n\n\n\n<li>Maintain discipline around your pricing strategy<\/li>\n\n\n\n<li>Save time while sourcing inventory<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-are-vehicles-inspected\">Are vehicles inspected?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. OPENLANE offers both pre-sale and post-sale inspections to create a more transparent buying and selling experience. Pre-sale inspections are optional but recommended because they help sellers find and fix issues before listing and help buyers by providing them with a clear mechanical baseline before they bid. Post-sale inspections are required for most vehicles sold through OPENLANE vehicle logistics centres, adding extra confidence for buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Inspections include a review of key mechanical components, interior and exterior condition and a road test. Learn more in our guide to <a href=\"https:\/\/www.openlane.ca\/en\/insights\/openlane-inspections-pre-sale-vs-post-sale-copy\/\">pre-sale and post-sale vehicle inspections<\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-i-see-vehicle-condition-reports-before-buying\">Can I see vehicle condition reports before buying?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, every vehicle listing on OPENLANE Canada includes a detailed, easy-to-read condition report that gives you a clear picture of the vehicle.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-does-openlane-canada-offer-vehicle-transportation\">Does OPENLANE Canada offer vehicle transportation?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes, your vehicle can be delivered to your lot, picked up from it or sent to an OPENLANE vehicle logistics centre. OPENLANE offers flexible transportation options to meet your needs.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-i-use-floorplan-financing-on-openlane\">Can I use floorplan financing on OPENLANE?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"h-yes-openlane-lets-you-use-floorplan-financing-so-you-can-buy-cars-without-using-all-your-cash-nbsp\">Yes. OPENLANE lets you use floorplan financing so you can buy cars without using all your cash.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"h-even-better-we-link-directly-with-afc-if-you-qualify-your-purchases-automatically-go-right-onto-your-afc-account-with-flexible-custom-terms-built-for-your-specific-business-it-is-a-quick-hassle-free-way-to-get-more-buying-power-and-grow-your-lot-nbsp\">Even better, we link directly with AFC. If you qualify, your purchases automatically go right onto your AFC account with flexible, custom terms built for your specific business. It is a quick, hassle-free way to get more buying power and grow your lot.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"h-learn-more-about-managing-cash-flow-with-our-floorplan-financing-guide-for-car-dealers-nbsp\">Learn more about managing cash flow with our <a href=\"https:\/\/www.openlane.ca\/en\/insights\/how-floorplan-financing-helps-auto-dealers-fund-inventory\/\">floorplan financing guide for car dealers<\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-there-an-arbitration-or-dispute-process\">Is there an arbitration or dispute process?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. To protect the buyer, OPENLANE provides an arbitration process to support buyers if a vehicle is not accurately represented. This added layer of protection helps build confidence in the marketplace and ensures transactions remain fair and transparent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-are-there-any-protections-for-sellers-nbsp\">Are there any protections for sellers?&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. OPENLANE supports sellers with the <a href=\"https:\/\/www.openlane.ca\/en\/insights\/wholesale-car-auction-arbitration-how-the-simply-sell-guarantee-protects-your-deals\/\">Simply Sell Guarantee<\/a>, which helps reduce the risk and hassle of post-sale arbitrations. OPENLANE manages eligible claims on your behalf and filters out minor disputes, making the process more predictable and easier to manage.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re sourcing inventory or optimizing pricing, OPENLANE helps you stay competitive in today\u2019s wholesale market.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe48e5de wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/registrations.openlane.ca\/?_gl=1*1wau7k4*_gcl_au*MTMwNTA0NzgzNi4xNzc3OTE0NDg4*_ga*MTcyOTQ0OTg5OS4xNzQyNDA0Mjgz*_ga_NNNB8R23V8*czE3Nzc5MTQ0ODckbzI5NCRnMSR0MTc3NzkxNDczOSRqNTQkbDAkaDE2NjgxNDEzMDk.\">Learn More Here<\/a><\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Navigating the digital wholesale marketplace doesn\u2019t have to be complicated. With the right tools, dealers can find better inventory, price vehicles more accurately and stock their lots faster. This FAQ-style guide answers common dealer questions about using OPENLANE and shares proven strategies for inventory management, wholesale pricing and dealership efficiency, to help you make smarter [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":8008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[141,140],"tags":[139],"class_list":["post-8006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dealer-operations","category-wholesale-strategy","tag-easy-mode"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Car Dealer FAQ: The Benefits of Buying Online with OPENLANE - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Want to source better inventory and sell faster? 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Whether you are an independent or a high-volume car dealer who wants to dominate and grow in the market, a major part of your success depends on the tools you have to help you get there.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is why we\u2019re evolving our subscription tiers to give you more control over how you manage your inventory and wholesale strategy. With our all-new ProPlans, you can pick the toolkit that will be most helpful in driving your business goals forward.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Starter Plan is for car dealers who are just dipping their toes in and want to test out the benefits of a digital wholesale marketplace. Then comes our ProPlans. The first tier is ProFocused \u2014 designed for dealers who want to save money. The highest tier is ProPower \u2013&nbsp; made for dealers who want to grow their business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-starter-plan-nbsp\">Starter Plan&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If you only want to dip your toes into online vehicle auctions for now, we recommend starting off with a Starter Plan. You\u2019ll be able to enjoy the benefits of our marketplace, get full access to a nationwide network of buyers and all our open auction sales types \u2014 all without committing to added services (they will still be available to you, if you change your mind).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of our most important baselines that can help you choose a subscription type is the amount you think you\u2019ll buy or sell in a month. If you&#8217;re selling or buying fewer than five cars a month, then the Starter Plan may be the choice for you.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-saving-with-profocused\">Saving with ProFocused<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">If your primary goal is to minimize overhead while moving units through wholesale channels, then the ProFocused tier might be for you. ProFocused will help you save time and money and provides the essential \u201cengine\u201d for a modern dealership:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nationwide Connection: <\/strong>Instantly tap into Canada\u2019s biggest network of buyers and sellers<\/li>\n\n\n\n<li><strong>Reduced Costs: <\/strong>Access exclusive discounts on buy and sell fees<\/li>\n\n\n\n<li><strong>The PayDay Advantage: <\/strong>Save with our rebate program, PayDay \u2014 a long-time dealer staple at OPENLANE that is designed to put money back in your pocket with every sale*<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-growing-with-propower\">Growing with ProPower<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The ProPower tier offers a robust and all encompassing toolkit. It is best suited for dealers who frequently sell retail cars, do appraisals for customers, or sell 10+ wholesale vehicles a month. It is also made for dealers aiming to hit those targets or to scale their dealership.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To get to a place where you\u2019re dominating the market, you need predictive insights and a streamlined retail workflow \u2014 and our ProPower subscription tier provides the tools to give you just that.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-predictive-pricing-capabilities-with-market-guide-2-0\">Predictive Pricing Capabilities with Market Guide 2.0<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our industry-leading pricing guide has been upgraded to have future pricing predictions anywhere from 30, 60, or 90 days out! This helps you price with confidence today \u2014 no more guessing what a car will be worth in a month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-streamline-appraisals-with-retail-suite\">Streamline Appraisals with Retail Suite<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">First impressions matter. Our Retail Suite includes Retail Inspect and Retail VDPs (Vehicle Details Page). These tools allow you to simplify appraisals for your retail customers. Retail Inspect allows your customer to inspect their own vehicle from the comfort of their home, while Retail VDPs generate ready-to-share digital preview pages for vehicles you think they\u2019ll be interested in.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-includes-the-same-savings-as-profocused\">Includes the Same Savings as ProFocused<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With ProPower, you\u2019ll also get all the same benefits ofProFocused \u2014 including savings on buy and sell fees, and access to our PayDay rebate program.*<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The more vehicles you sell, the more you earn \u2014 and it\u2019s applicable, no matter which of our open auction sales types you use (that includes 45-minute auctions, Simulcast, and DealerBlock).** Rebates may range between 25% to 50% of your sell fees (up to $150 per vehicle). Talk to your sales rep for more info and to better understand your rebate potential.*&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The auto industry waits for no one. Whether you just want to get started or have clear growth goals for your dealership, ensure you have the tools that match your strategy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"h-ready-to-supercharge-your-business\"><strong>Ready to supercharge your business?<\/strong><\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.openlane.ca\/en\/mylot\/\">Pick a Plan<\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:9px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">For any questions, give us a call and one of our team members will be happy to help.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">888-260-4604<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monday \u2013 Friday: 7:00 a.m. \u2013 8:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saturday: 9:00 a.m. \u2013 6:00 p.m. ET<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">*Applicable to vehicles sold on OPENLANE Canada\u2019s 45-minute auctions and sold on Simulcast when dealer uses the Send-to-Simulcast feature after a 45-minute auction. The total rebate amounts will be calculated at the end of the month based on completed sales in the open auctions. Purchases in the closed auction will not count towards your discounts or rebates. OPENLANE Canada reserves the right to change OPENLANE Pro Rebate tier amounts, or program qualifications at any time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">** Open auctions refers to 45-minute auctions, Simulcast Sales, and DealerBlock. Does not include closed auction sales types, which refers to private label website sales powered by OPENLANE that are only open to authorized members of that dealer group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the rapidly shifting automotive landscape, a \u201cbusiness as usual\u201d strategy can keep you behind the competition. Whether you are an independent or a high-volume car dealer who wants to dominate and grow in the market, a major part of your success depends on the tools you have to help you get there.&nbsp; This is [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":7917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[157,142],"tags":[138,137],"class_list":["post-7916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","category-product-tech","tag-innovation","tag-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The All-New ProPlans: How to Pick a Subscription Tier - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"The All-new ProPlans: grow, save, connect! 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How can you accurately tell if your bids or floor prices align with the market price? Or that you account for changes in supply or demand, which can increase or decrease market pricing?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Wholesale used vehicle prices can also fluctuate year over year based on interest rates, time of year, and of course vehicle make, model and condition. That leaves you with a ton of data and information to sort through and interpret.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That\u2019s where OPENLANE\u2019s Market Guide 2.0 comes in, Canada\u2019s most powerful wholesale vehicle pricing tool. Our used car pricing tool is one of the few made specifically for car dealers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What makes OPENLANE\u2019s Market Guide 2.0 reliable, quick, and easy to use for both franchise and independent dealers?<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-captures-openlane-canada-vehicle-car-prices-on-a-daily-basis\">Captures OPENLANE Canada vehicle car prices on a daily basis<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Transactions from all our auction formats are aggregated into one used car pricing tool guide, giving dealers access to millions of data points. We specifically combined the data to amplify insights, and help dealers buy and sell with greater confidence.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-know-the-price-before-the-market-does\">Know the price before the market does<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Market Guide 2.0 now has the capabilities to evaluate potential vehicle prices 30, 60 and 90 days in advance. That means dealers stay ahead of trends, keep their competitive edge and make more informed pricing decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-help-any-dealer-find-price-points\">Can help any dealer find price points<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our guide provides valuable pricing references in various scenarios. Buyers use it as a benchmark to set bids, and it helps sellers determine a good floor price. Buyers can also compare a vehicle\u2019s floor price against our guide and make more informed bidding decisions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-determine-wholesale-prices-while-you-re-on-the-move\">Determine wholesale prices while you\u2019re on the move<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">We understand that time is money. Whether you\u2019re an Apple iOS devotee or Android loyalist,\u00a0 Market Guide 2.0 is available for instant access via our mobile app. Scanning capabilities for all formats of VINs (barcodes, QR codes and text) are also available.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-analyze-wholesale-pricing-by-market-and-seasonality\">Analyze wholesale pricing by market and seasonality<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Since pricing can fluctuate based on location and season, we include filters for provinces and date sold. There are also options to search anywhere between 30 and 180 days to help account for seasonal changes in vehicle values. For help with future pricing, dealers can search our wholesale vehicle pricing tool anywhere from 30, 60 and 90 days in advance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-summary-view-for-quicker-buying-and-selling-decisions\">Summary view for quicker buying and selling decisions<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A high-level view of a vehicle\u2019s value is also available, including highest, lowest and average pricing data. This lives on the Vehicle Details Page and can be a good starting point to evaluate what bids or floor prices can be.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-search-features-that-make-wholesale-easy\">Search features that make wholesale easy<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even while actively searching for market values, your search history will be available on the same screen so you can keep better track of the data. Plus, our advanced search covers transmission, fuel type, drivetrain, engine filters, year, specific models, trim value filters and more. This helps dealers find data for wholesale car prices on the most specific of vehicles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-wondering-how-to-access-openlane-s-market-guide\">Wondering how to access OPENLANE\u2019s Market Guide?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our guide is available to our registered dealers as a monthly subscription. For our registered dealers on a ProPower Plan, it is already included.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Already an OPENLANE registered dealer in Canada? You can upgrade directly in the App by following the steps below.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Go to <a href=\"http:\/\/openlane.ca\">OPENLANE.ca<\/a><\/li>\n\n\n\n<li>Click into Settings\u00a0<\/li>\n\n\n\n<li>Select Dealership\u00a0<\/li>\n\n\n\n<li>Choose Subscriptions and subscribe to Market Guide 2.0.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Not an OPENLANE registered dealer yet in Canada? Fill out <a href=\"https:\/\/registrations.openlane.ca\/\">this<\/a> form and a team member will reach out to you to talk about the next steps. The form takes about three minutes to complete.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Knowing how to price your vehicles for wholesaling can be complicated. How can you accurately tell if your bids or floor prices align with the market price? Or that you account for changes in supply or demand, which can increase or decrease market pricing? Wholesale used vehicle prices can also fluctuate year over year based [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":7893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[157,142],"tags":[138,137],"class_list":["post-7891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","category-product-tech","tag-innovation","tag-selling"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices - OPENLANE Canada<\/title>\n<meta name=\"description\" content=\"Discover OPENLANE\u2019s Market Guide 2.0, the ultimate wholesale vehicle pricing tool for accurate vehicle pricing insights and trends.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.openlane.ca\/en\/insights\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices\" \/>\n<meta property=\"og:description\" content=\"Discover OPENLANE\u2019s Market Guide 2.0, the ultimate wholesale vehicle pricing tool for accurate vehicle pricing insights and trends.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.openlane.ca\/en\/insights\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"OPENLANE Canada\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/openlaneinc\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T17:51:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-28T17:44:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.openlane.ca\/wp-content\/uploads\/2026\/04\/Market-Guide.png\" \/>\n\t<meta property=\"og:image:width\" content=\"822\" \/>\n\t<meta property=\"og:image:height\" content=\"546\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Megan Honan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@OPENLANEnews\" \/>\n<meta name=\"twitter:site\" content=\"@OPENLANEnews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Honan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/\"},\"author\":{\"name\":\"Megan Honan\",\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/#\\\/schema\\\/person\\\/c23690259c908e9af692980e64c16ff5\"},\"headline\":\"7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices\",\"datePublished\":\"2026-04-23T17:51:34+00:00\",\"dateModified\":\"2026-04-28T17:44:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/\"},\"wordCount\":617,\"publisher\":{\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.openlane.ca\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/Market-Guide.png\",\"keywords\":[\"Innovation\",\"Selling\"],\"articleSection\":[\"Market Insights\",\"Product + Tech\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/\",\"url\":\"https:\\\/\\\/www.openlane.ca\\\/en\\\/insights\\\/7-ways-openlanes-market-guide-2-0-helps-you-find-market-prices\\\/\",\"name\":\"7 Ways OPENLANE\u2019s Market Guide 2.0 Helps You Find Market Prices - 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