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XLerate Group runs live and online auto auctions for dealers and commercial clients, with a 24/7 digital platform.
Founded in 2010 and operating primarily from Carmel, US, XLerate Group provides auto auction services for dealers and institutional customers. Its live in-lane and online auctions sell vehicles from dealer groups and commercial accounts, and its digital platform allows buying and selling 24/7. Revenue comes mainly from transaction fees, with financing options for dealerships. Brightstar Capital Partners acquired a majority stake from Huron Capital Partners in September 2021, and CEO Chuck Tapp leads the company.
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