ACV Auctions provides a wholesale auction marketplace to facilitate business-to-business used vehicle sales between a selling and buying dealership. The company offers marketplace platform includes digital marketplace that connects buyers and sellers by providing auctions, which facilitates real-time transactions of wholesale vehicles.
Its portfolio also includes Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place, ACV transportation service to enable the buyers to see real-time transportation quotes, ACV capital, a short-term inventory financing services for buyers to purchase vehicles, and Go Green customer assurance services for claims against defects in the vehicle
Remarketing centers, which offers value-added services, such as vehicle reconditioning and storage to facilitate auction business with commercial partners, such as fleet, rental car, and financial sector consignors.
Additionally, it offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace. Its portfolio also includes ACV market report provides transaction data and condition reports for comparable used vehicles
Including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles, and ACV MAX inventory management software that enables dealers to manage their inventory and set pricing while turning vehicles
Data and technology through inspection, such as condition reports, virtual lift solutions, Apex device, and vehicle intelligence platform Marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service. Incorporated in 2014, ACV Auctions is headquartered in Buffalo, New York.