ACV Auctions  

640 Ellicott St, #108
Buffalo,  NY 
United States
716-870-5633
https://www.acvauctions.com/
  • Booth: 5078C

Our mission is to become the most trusted source in the industry for dealers to purchase wholesale vehicles. Our product -- the ACV app -- leverages mobile to maximum benefit: It starts with a thorough vehicle condition report and then instantly alerts buyers that a 20-minute auction has begun. Simply stated, our technology modernizes the entire arc of auction operations, including title management, floor plan purchasing, arbitration, and facilitating logistics. To learn more, please visit us at https://acvauctions.com/ and @ACVAuctions on Twitter.


 Videos

ACV Auctions - It's all about trust

 Press Releases

  • ACV Auctions, an online vehicle auctioning platform, has teamed with the National Independent Automobile Dealers Association as a Bronze-level National Corporate Partner.

    ACV Auctions provides franchise and independent dealerships with an efficient and more effective method of bidding on, selling, and purchasing vehicles through 20-minute online auctions.

    The platform’s technology modernizes the entire arc of auction operations, including vehicle condition inspecting, title management, floorplan purchasing, arbitration, and transportation, which has made ACV Auctions the nation’s fastest-growing independent auction.

    "NIADA has a long history of seeking cost-effective services that enable their members to succeed. ACV Auctions' ability to connect franchise and independent dealers in real time with trust and transparency is a perfect fit with NIADA’s mission for its members,” said George Chamoun, CEO, ACV Auctions.

    Through the partnership, ACV Auctions will provide NIADA members an opportunity to learn firsthand about streamlining their inventory management through the platform, which is designed to save dealers time and money.

    “Our independent auto dealership members continue to expand their vehicle sourcing strategies through wholesale e-commerce channels,” NIADA senior vice president of member services Scott Lilja said. “ACV Auctions has helped transform that market through innovative technology, first-class service, an easy-to-use platform and a cost-effective vehicle acquisition structure. Finding retail-ready inventory at the right price in real time has become a critical factor to success in our market. ACV Auctions helps our members accomplish that objective.”

     

    About ACV Auctions

    ACV Auctions’ mission is to become the most trusted source in the industry for dealers to purchase wholesale vehicles. The ACV platform leverages mobile to maximum benefit: It starts with a thorough vehicle condition report, then instantly alerts buyers that a 20-minute auction has begun. Simply stated, the technology modernizes the entire arc of auction operations, including title management, floorplan purchasing, arbitration and facilitating logistics. ACV originated from the dynamic start-up community in Buffalo, N.Y., fueled by Z80 Labs and the 43North startup competition. To learn more, please visit us at www.acvauctions.com and follow us @ACVAuctions.

  • ACV Auctions, an advanced online auction that streamlines the buying and selling of inventory between auto dealers, has secured $31 million in Series C venture funding led by Bessemer Venture Partners, Tribeca Ventures, SoftBank NY and Armory Square Ventures. The new capital brings total funding to $53 million since inception and will enable ACV Auctions to expand coast-to-coast by the end of 2018.

     

    “ACV Auctions has proven it can grow rapidly and meet the needs of thousands of dealers while revolutionizing the wholesale experience. As venture investors, we double down on great teams and companies that have proven they can change an entire marketplace,” explained Bob Goodman, a partner at Bessemer Venture Partners.

     

    The company is currently selling over 1,000 cars a week and growing rapidly with over 400 new dealer sign-ups per month. With the additional funding, ACV Auctions will grow even faster. ACV Auctions currently operates and sells vehicles in 35 markets located throughout the East Coast and Midwest. By the end of 2018, ACV Auctions will double its local presence to over 70 markets by expanding to the West Coast. 

     

    “Our goal is to bring trust and transparency to the wholesale vehicle market by providing dealers with an easy-to-use digital platform that saves them time, money and resources,” said George Chamoun, CEO, ACV Auctions. “The additional funding will enable us to innovate on top of our existing platform while also fueling growth into new markets at a rapid rate.”  

     

    In addition to fueling market expansion, ACV Auctions plans to use the funding to further advance its technology and end-to-end customer experience. The funds will also be used to fortify its growing warehouse of data and analytics around vehicles, a hallmark of the company since inception. ACV Auctions continues to distinguish itself in the marketplace along these three pillars – exceptional customer experience, world-class technology and real-time data analytics.

     

    About ACV Auctions

     

    ACV Auctions’ mission is to become the trusted source in the industry for dealers to purchase wholesale vehicles. The ACV Auctions platform leverages mobile to maximum benefit: It starts with a thorough vehicle condition report and then instantly alerts buyers that a 20-minute auction has begun. ACV Auctions modernizes the entire arc of wholesale auction operations, including title management, floor plan purchasing, arbitration, and facilitating logistics. ACV Auctions originated from the dynamic start-up community in Buffalo, NY, fueled by Z80 Labs and the 43North startup competition. To learn more, please visit us at www.acvauctions.com and follow us @ACVAuctions.

     

    ACV Auctions currently operates and sells vehicles in 35 markets nationwide and will operate in over 70 markets by the end of 2018 with over 200 colleagues and hiring opportunities across the country: https://www.acvauctions.com/careers.


 Additional Info

This company does business in International markets.
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