CarsArrive Network Named Exclusive Transportation Solution for Volkswagen Credit, Inc.
REDWOOD CITY, Calif.--CarsArrive Network, a leading transportation solution company in North America serving dealers, financial institutions and automotive manufacturers, today announced it is now the sole transportation solution for Volkswagen Credit, Inc. (VCI), including Audi Financial Services, for all vehicles being moved to physical auctions. CarsArrive Network, which is owned by OPENLANE, a leading online auction for automotive dealers to buy and sell wholesale vehicles, will provide a full service package of transportation management services to VCI that encompasses technological solutions, transport domain expertise and proven superior customer service in accordance with VCI’s standards.
“By utilizing all that CarsArrive has to offer we are getting complete visibility throughout the transportation process for ourselves and our dealers, and that is extremely important to us.”
This partnership extends the longstanding relationship OPENLANE has had with VCI, already managing delivery of more than 20,000 vehicles annually for VCI dealers with an average transportation distance of over 700 miles and an average transportation cycle time of just five days, based on single car moves and Monday – Friday 9am to 5pm pickup availability. For inbound auction moves, CarsArrive delivers VCI an average transport cycle time of only 3.7 days. CarsArrive’s leading edge proprietary technology and decades of car hauling expertise are what prompted VCI to select the company as its sole transportation solution.
CarsArrive’s transportation system enables VCI dealers to have immediate access to vehicle tracking and visibility, arrival times, real-time analytics, forecasts for estimated pick-ups and load history on each vehicle using a VIN search available through a comprehensive, easy to use Dealer Dashboard.
VCI also benefits by having real-time access to historical data on any vehicle in transit, analytics capabilities and full visibility into vehicle movement nationwide at any given time through an Asset Management Dashboard. CarsArrive provides end-to-end services that provide buyers and sellers with full vehicle disclosure, market pricing, transparency, customer service and rapid vehicle pick-up and delivery.
“VCI selecting us as its sole transportation solution is a true testament to the power of our transportation management system and the value we bring through this service,” said Michael Briggs, Vice President of Transportation for OPENLANE and founder of CarsArrive. “By partnering with VCI and being responsible for managing the transport of all Volkswagen Credit and Audi Financial Services cars, we are further expanding our business and validating our position as a leading transport solution.”
“OPENLANE and CarsArrive have been valued partners to us and have provided us with superior service, quality and technology innovation,” said Rich Howse, Director of Remarketing, Auction & KET at VCI. “By utilizing all that CarsArrive has to offer we are getting complete visibility throughout the transportation process for ourselves and our dealers, and that is extremely important to us.”
CarsArrive has access to a nationwide network of more than 4,500 carriers, which operate 30,000 trucks, all of which must meet certain qualifications prior to registration on the network. As a result of this screening process, more than 98 percent of the transportation volume that is managed through CarsArrive is handled by carriers that have been in business for at least seven years.
The program with VCI was initiated on February 15th and will continue to be enhanced in the coming months. For more information, please visit www.openlane.com.
About OPENLANE
OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada. OPENLANE powers online remarketing programs for American Honda Finance, Audi Financial Services, Avis Budget Group, Chase Auto Finance, Chrysler Financial, Porsche Financial Services, Volkswagen Credit, among others. For more information, please visit www.openlane.com or call +1 (866) 969-0321.