Fintech CarOffer creates used-car 'stock exchange' | Auto Finance News | Auto Finance News

Fintech CarOffer creates used-car ‘stock exchange’

© Can Stock Photo / Elwynn

Auto lenders are using a new, digital, wholesale sales platform to liquidate their off-lease inventory and repossessions, Bruce Thompson, chief executive of CarOffer, told Auto Finance News, although he could not name specific financiers due to confidentiality agreements. CarOffer, launched in September 2019, is a self-proclaimed “real-time Stock Exchange” for used vehicles, Thompson said. “Its […]

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