ATC Open Celebrates One Year Anniversary With Record Dealer Adoption
Published June 12th, 2007
Press Release
ATC-Onlane, Inc., the leading online auction company for automotive dealers to buy and sell wholesale vehicles, today announced the one year anniversary of its revamped auto auction site, ATC Open (www.atcopen.com). ATC Open, the industry’s leading full-service online marketplace to buy and sell wholesale vehicles, has experienced remarkable expansion over the past year in both the volume and categories of vehicles available for sale, and has demonstrated increased adoption from dealers nationwide. ATC Open now offers dealers across the country access to over 7,000 vehicles a day, a thousand percent increase from its launch last June.
Dealers from across North America, regardless of their geographic location, continue to embrace ATC Open at a record pace, adding it to their business and sales practices to deliver the right inventory to customers while increasing the bottom line. Among other key milestones over the past 12 months, ATC Open now has over 30,000 registered dealers and the number continues to grow.
“Since launching the revamped ATC Open site a year ago, we have seen a thousand percent increase in the number of vehicles available for purchase on any given day, at any given time,” said Clive Kinross, senior vice president, ATC-Onlane. “Concurrent with this growth, ATC Open has experienced skyrocketing dealer adoption as more buyers look to find the best inventory from across the country without leaving their lots. As the market for online wholesale auto auctions increases over time, we will continue to deliver unmatched value for consignors and buyers alike.”
ATC Open is proud to deliver inventory from a wide array of sellers including captive finance companies, fleet/lease companies, rental car providers, dealer financing sources and dealer consigned inventory. Building on its leadership position and responding to dealer feedback, ATC-Onlane added 14 new consignors over the past year including: ARELCO Car Rental (National/Alamo Franchisee); Automotive Resources International (ARI); Audi Financial Services; Avis Budget Group; CenterOne Financial Services; Dealer Services Corp (DSC); Honda Financial Services; Huntington National Bank; Madison Leasing; Mike Albert Leasing; Mitsubishi Motors North America; Southeast Toyota Finance; U.S. Bank; and Vanguard Car Rental, Inc. The combination of the broader inventory these new consignors bring with ATC Open’s existing dealer consignment program results in a much wider selection of vehicles available nationwide in one convenient online location.
ATC-Onlane has invested in creating a marketplace that makes using online auctions easy, fast and efficient. In order to provide a full-service marketplace, ATC Open offers a comprehensive suite of services including: vehicle inspections with high-resolution pictures; upfront transportation quotes; and fair arbitration policies designed for online purchases. Furthermore, ATC Open consignors boast a lower arbitration rate compared to other channels.
When using ATC Open, dealers can choose to floor the cost of vehicles as well as any transportation and associated fees. And they can choose to work with a wide variety of floorplan providers including: Automotive Finance Corporation (AFC); AutoUse; Dealer Services Corp (DSC); Flex Fund Financial Services; and Manheim Automotive Financial Services.
www.atc-onlane.com
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