AFC Names Robert Staffieri Regional Director of Canada

FOR IMMEDIATE RELEASE

Carmel, Ind. – Jul. 26, 2023 – AFC, a subsidiary of leading provider of digital marketplace solutions for used vehicles OPENLANE, Inc. (NYSE: KAR), announces the appointment of Robert Staffieri as Regional Director of Canada. In this role, Staffieri will be responsible for overseeing AFC’s field operations in Canada, including sales, business development and customer success.

“Robert is a skilled operator with a proven track record within automotive finance, bringing more than 20 years of industry experience spanning sales, customer service, finance and business development,” said Will Mitchell, chief operating officer of AFC. “Robert’s leadership will help ensure we continue to serve Canada’s independent dealers effectively as the nation’s number one floorplan provider. We are thrilled to add his strategic insights and collaborative spirit to our management team.”

As Regional Director of Canada for AFC, Staffieri will leverage his deep industry experience and relationships to lead the teams at AFC’s 10 Canadian branches in providing industry-leading, flexible financing solutions to automotive dealers across Canada. Prior to joining AFC, Staffieri held management positions of progressive responsibility and scope with BMW Group Canada, Kia Canada and Mercedes-Benz Financial Services Canada.

“I’m delighted to join the AFC team to expand our already strong in-person, local market presence and operational scope across Canada,” said Robert Staffieri, Regional Director of Canada for AFC. “Building on AFC’s unparalleled dedication to customers, together we’ll continue providing independent dealers with the products, tools and services they need to achieve their goals.”

AFC helps independent dealers grow their business faster by providing financing for used vehicle inventory. AFC works with dealers in the retail and wholesale automotive space as well as RV, power sports and commercial truck dealers, salvage buyers and daily rental operators. References to AFC herein refer to Automotive Finance Corporation and/or Automotive Finance Canada Inc. as the context requires.

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About OPENLANE

AFC Names Robert Staffieri Regional Director of Canada – KAR Auction Services, Inc. d/b/a KAR Global – OPENLANE – Remarketing

OPENLANE, Inc. (NYSE: KAR) provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. OPENLANE’s unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Our integrated marketplaces reduce risk, improve transparency and streamline transactions for customers around the globe. Headquartered in Carmel, Indiana, OPENLANE has employees across the United States, Canada, Europe, Uruguay and the Philippines. For more information and the latest OPENLANE news, visit corporate.openlane.com.