GM Financial taps DataScan, Openlane.com to remarket off-lease vehicles
General Motors Financial Co. will tap DataScan Field Services and ADESA auction company’s Openlane.com to help dealerships process off-lease vehicles starting in December, the financial company said today.
DataScan will inspect the vehicles before and after they come off lease. The pre-termination inspections will give dealers and lessees an early heads-up about any damages to vehicles, which can lead to end-of-lease charges.
GM Financial also launched an online tool, GMFDealerSource.com, on Nov. 1 in time to start processing 2-year-old vehicles that will come off lease in December.
The tool will provide dealerships easy access to off-lease vehicle inspection reports and give dealers who accept the off-lease vehicles the first shot at buying them, Dan Heinrich, vice president of asset remarketing, said last month. The tool also can be accessed from the Web, mobile devices and tablets, he said.
When a dealer registers a vehicle as having been returned at the end of a lease, the tool will automatically put the vehicle into Openlane’s system through GMFDealerSource.com, a spokeswoman said.
After a dealership takes in an off-lease vehicle, that store will be offered the vehicle for a minimum of 48 hours at a price set by GM Financial, Heinrich said. That price will be determined in part by DataScan’s inspection of the vehicle 45 days before the lease expires.
In his comments last month, Heinrich didn’t identify DataScan as the company that would handle the inspections.
Vehicles that the accepting dealerships don’t take are offered exclusively for one day on Openlane’s online auction to all dealers that participate in GM’s certified used-vehicle programs. Vehicles that remain unsold go into two-day online auctions open to all GM dealers.
Vehicles still not sold will be made available for three days to any franchised or independent dealer. After that, any remaining vehicles will be sent to physical auction sites.
GM Financial, the former AmeriCredit Corp., launched its first lease program in December 2010 soon after being purchased by General Motors.
Arlena Sawyers contributed to this report.