Peter Kelly on due diligence
From Don’t Buy a Site Without Doing This First · · Peter Kelly Property
“So you want to make sure you tick all of those boxes in your, you know, your due diligence.”
On , Peter Kelly, Chief Executive Officer & Director at OPENLANE INC, spoke about due diligence during Don’t Buy a Site Without Doing This First on Peter Kelly Property.
About Peter Kelly
In a January 2025 podcast appearance, Peter Kelly discussed the wholesale car market outlook, stating that wholesale volumes would remain "somewhat constrained" in 2025 due to a lack of one- to three-year-old vehicles, which he said would support used vehicle prices. He projected "fairly significant growth" in used vehicle supply in 2026 and 2027, driven by increased off-lease vehicles. Kelly noted that Openlane had sold over 1.4 million cars in the prior 12 months through its digital marketplace and described his role as empowering the company's 4,500 employees. He also said the company's core purpose is "to make wholesale easy so our customers can be more successful." In an August 2025 appearance, Kelly offered advice on real estate due diligence for property buyers, emphasizing the importance of understanding site analysis, easements, zoning, and coverage before purchasing. He encouraged buyers to contact local councils for information, stating that "councils are paid by us" and are there to provide service. Kelly also recommended building relationships with designers and conducting thorough site walks and neighborhood assessments as part of the due diligence process.