John Babcock
Barclays Bank PLC, Research Division

All right. Good morning, everyone, and thanks for joining us for our first Barclays U.S. Auto Retail Summit. My name is John Babcock, and I'm the lead analyst covering the sector. So today, we're going to be hosting a number of sessions that we hope you will find valuable. Replays will be available later today. [Operator Instructions].

So first, we're here to welcome OPENLANE and very pleased to have with us CEO, Peter Kelly; and CFO, Brad Herring. As I mentioned, I'm going to go through a couple of questions with the team and hopefully address some of your questions.

John Babcock
Barclays Bank PLC, Research Division

So I guess just to start out, Peter and Brad, it would be great if you could just give an overview for those not super familiar with the story of OPENLANE's business and also what some of the key drivers of its growth will be over the coming years?

Peter Kelly
CEO & Director

Thanks, John. Good morning, everybody. Delighted to be here, John. So looking forward to the session here this morning. So OPENLANE, we are a leader in the digital marketplace for wholesale used vehicles, okay? So a digital marketplace for used vehicles in the wholesale channel. Wholesale really means between businesses. Our customers are principally automotive dealers, both franchise and independent, but we also have a significant part of our business focused on commercial sellers, which are typically OEMs or captive finance -- automotive captive finance companies or automotive finance companies.