» Cox Automotive Canada Partners with Otolane to Deliver Added Value to Dealer-to-Dealer Wholesale Auctions

Cox Automotive Canada Partners with Otolane to Deliver Added Value to Dealer-to-Dealer Wholesale Auctions

Mississauga, Ont.—April 2, 2018—Cox Automotive Canada has officially announced its newly formed partnership with Otolane, one that will further connect the automotive remarketing industry by improving the way wholesale vehicles are bought, sold, and transported.

Mississauga, Ont.—April 2, 2018—Cox Automotive Canada has officially announced its newly formed partnership with Otolane, one that will further connect the automotive remarketing industry by improving the way wholesale vehicles are bought, sold, and transported.

The newly-announced partnership will allow wholesale clients to co-list vehicles with both Cox Automotive Canada’s Manheim.ca vehicle remarketing services and Otolane auctions. The partnership also leverages Cox Automotive Canada’s Ready Logistics brand as a transportation and logistics provider.

With over a decade of experience in software development, Montréal, Québec-based Otolane has become a leading dealer-to-dealer digital marketplace for buying and selling pre-owned vehicles, and is one of Canada’s favoured digital wholesale platforms.

“Our partnership with Cox Automotive will allow us to deliver more value to our shared communities. Uniting our strengths – along with our ability to bring forward progress – is at the core of our business principles,” said David Abitbol, Vice President of Operations, Otolane. “Establishing this partnership will enable us to connect the automotive industry further, improving the way vehicles are bought and sold through our wholesale circuit.”

Stephanie Turner, Senior Manager, Strategy and Business Development, Cox Automotive Canada, further confirmed that the partnership would deliver additional value to a shared community of dealers throughout Ontario and Quebec. Both businesses – which offer a unique sales format and bidding styles through their distinctive, individual platforms – also provide platforms that appear to be preferred by many dealers across both markets when it comes to appraising trades and remarketing vehicles.

“Our goal is to connect the automotive ecosystem, which isn’t only limited to our Cox Automotive brands, but to other relevant industry providers like Otolane, too,” said Turner. “Together we can make it easier for our shared clients to conduct business and to maximize the value they receive for their trades – while leveraging a larger audience.”

For more information, please contact Sarah Miller, Manager, Public Relations and Corporate Communications, Cox Automotive Canada at sarah.miller2@coxautoinc.com.

About Manheim Canada
Manheim Canada is part of Manheim, the leading global provider of vehicle remarketing services for more than 70 years. With locations in Halifax, Moncton, Montreal, Toronto, Edmonton, and Vancouver and 24/7 sales via www.ove.com, Manheim Canada hosts more than 30 in-lane and online auctions each month. Manheim connects buyers and sellers of used vehicles to the world’s largest wholesale used-vehicle marketplace, helping dealers and commercial customers achieve results through auction channels, data analysis, inspections, financing, transportation, purchase protection, mobile products and a wide range of solutions. For more information, visit manheim.ca.

About Otolane
With over a decade of experience in software development, value-building growth, corporate financing, successful exits, and IPOs, OTOLANE is backed by an established team and a product that will break all conventions. Designed from the ground up, OTOLANE is a leading dealer-to-dealer digital marketplace for buying and selling pre-owned vehicles. We facilitate the wholesale provisioning and selling process enabling dealers to sell more in less time through a real-time 60-minute online auction. OTOLANE’s no-sale-fee model, coupled with integrated valuation tools, and hassle-free arbitration process has rapidly become one of Canada’s favoured digital wholesale platforms. Our goal is to respond to today’s dealers’ need for comprehensive digital tools in order to reduce the risk associated with buying and selling pre-owned vehicles online under a single and unified cloud environment. For more information about Otolane visit otolane.com

About Cox Automotive Canada
Cox Automotive is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. In Canada, the Cox Automotive family includes Dealer.com®, Dealertrack®, HomeNet®, Manheim®, NextGear Capital®, Ready Logistics®, RMS Automotive®, vAuto®, VinSolutions® & Xtime®, along with a host of other brands in other countries. The global company has 34,000 team members in more than 220 locations and is a partner to more than 50,000 auto dealers, as well as most major automobile manufacturers. Cox Automotive is a subsidiary of 120-year-old Cox Enterprises, Inc., which has revenues exceeding $20 billion and approximately 55,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive Canada, visit coxautoinc.ca.

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