ACV Auctions Inc., a top-tier deal-to-dealer wholesale auction service, sold more than 8,600 cars in the month of August and could sell more than 100,000 cars this year in the United States. The quickly expanding auction platform finish this August with triple the amount of sales when compared to August 2017. ACV also still plans to finish their expansion to 75 markets by the end of 2018.
ACV Auctions enables dealers to buy and sell vehicles instantly without ever leaving their lots. Dealers can set up personalized filters to get notifications sent to their mobile devices and computers when 20-minute auctions begin for the vehicles they are looking to buy. When dealers open a notification, they get the industry's leading condition report, including 30-60 high-resolution photos, paint meter readings, tire depth, onboard diagnostic (OBD-ll) scan results and Carfax auction alerts.
"The trust, transparency and real-time capabilities that our platform provides is helping dealers succeed," said ACV Auctions CEO George Chamoun. "As margins compress, dealers are turning to ACV Auctions to eliminate the gamble involved in selling and purchasing vehicles from traditional sources. The evolution of wholesale to digital is accelerating and our significant investment in technology and our people are producing proven benefits to dealers."
Read more here
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.