The recovery in commercial consignment volume is already bearing fruit for marketplaces in the wholesale auto industry.

At OPENLANE, for instance, 710,000 commercial consignment vehicles were sold through its marketplaces last year, compared to 661,000 in 2022.

In the fourth quarter, OPENLANE had 183,000 commercial vehicle sales, up from 151,000 a year earlier.

The growth in commercial vehicle volumes for the company has ...