The OPENLANE Auctions are weekly on Monday and Thursday 2-4pm CT. Our team handles the inspections and pushes your inventory to our network of buyers.
Here is the process for the Auction, after a vehicle is inspected and uploaded:
Before the auction:
Choose your Auction date
Set Reserve and Starting bid prices
View your vehicles Condition Reports & AutoCheck® warnings
During the Auction:
Highest bid below reserve: You can choose to Sell all the way, which makes the reserve the current bid, ensuring your vehicle sells to the highest bidder.
Bid placed with less than 5 minutes remaining: The vehicle will enter Extension. Additional time is added if bidding continues.
After the Auction:
Reserve met: Your vehicle sells to the highest bidder
Highest bid below reserve: You determine whether to accept, counter or reject offer(s) until 11:59pm CT the night of the Auction.
For all sold vehicles, you will receive a confirmation email with next steps.