OPENLANE CEO optimistic about off-lease volume recovery
File photo of Peter Kelly during his keynote presentation at Used Car Week 2019. Photo by Jonathan Fredin.
Premium Content
Monday, Aug. 7, 2023, 03:26 PM
Joe Overby, Senior Editor
There appears to be a light at the end of the tunnel for off-lease vehicles, the auction segment whose volumes were hit hardest in the aftermath of COVID-19, and for overall commercial consignment.
While an immediate turnaround in volumes isn’t imminent, macro-economic conditions suggest “an improving outlook for commercial off-lease volumes,” OPENLANE CEO Peter Kelly said in the company’s second-quarter earnings call last week
“I believe that the headwinds of the last three years look set to ...