Dealers win with ACV’s data and AI-powered inspection technology
BUFFALO, N.Y., Jan. 11, 2024 (Globe Newswire) — ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial customers, will take center stage at the event. 2024 National Automobile Dealers Association (NADA) Show In Las Vegas. The company is focused on helping dealers “win with ACV” and excel in consumer acquisition, vehicle pricing, and more.
ACV has an end-to-end solution to help partners solve these challenges, and the team looks forward to working with dealers to introduce their products.
Key dealer solutions at the show include:
-
How to more effectively source inventory from consumers
-
How to reach your gross profit goals and buy more with more confidence
-
How to inspect and evaluate inventory with ACV data and technology
-
How to leverage the power of data to streamline your dealership operations
-
How to sell wholesale and retail cars faster with wider reach and higher gross margins
ACV Technology Showcase
This year’s booth (#2721W) will feature an interactive demo space that will give dealers a hands-on experience with ACV’s solutions. Featured technologies include:
-
Clear car: ClearCar will gain traction as dealers will be able to demo the product and understand how they can leverage ClearCar Price and ClearCar Capture to more effectively source consumer inventory. ClearCar deciphers the relationship between vehicle condition and value, enabling ACV dealers and commercial clients to have more transparent conversations with consumers. ClearCar Capture allows consumers to submit photos of their vehicles to further document their condition through her AI imaging and self-inspection tools. Consumers benefit from a clearer understanding of how a vehicle’s value is determined, while ensuring dealers meet target margin targets.
-
vehicle inspection: ACV will showcase enhanced inspection technology. Dealers can see first-hand ACV’s AI imaging capabilities as well as the company’s APEX and Virtual Lift.® Learn how all these solutions can give you confidence when sourcing your vehicle. APEX leverages numerous sensors within one device and allows dealers to understand detected vehicle issues from sounds, vibrations, and more.In addition, virtual lift® It provides a clear and accurate view of the vehicle’s undercarriage in seconds, including a full-length panoramic image, without having to crawl under the vehicle or wait for it to be placed on a lift.
-
private marketplace: Dealers discover how they can become leaders in their closed markets. ACV Private Marketplace allows you to sell your vehicle to a custom set of in-house dealers who can customize fees, frequency, and auction times. Our private marketplace features vehicles that have been inspected using ACV’s trusted condition reports, so dealers can bid with confidence.
-
Upgraded MAX Digital: MAX Digital’s latest technology allows dealers to appraise cars faster than ever while maximizing gross margins. By leveraging ACV’s robust real-time automotive market data, dealers can gain insights and learn how to make decisions with efficiency and data-driven accuracy.
-
True360: ACV teammates share how True360 builds consumer trust through vehicle inspections and True360 reports. True360 provides dealers and consumers with the means to make educated purchases, especially when it comes to vehicles with accident histories. True360 reports are published in CarFax and AutoCheck vehicle history reports, as well as on the vehicle display page of the dealer’s website.
ACV’s participation in the show includes a NADA workshop hosted by Randy Barone, vice president of business development, and a 20-minute TEC (Technology, Education, and Community) event that continues throughout the show on the TEC stage inside the ACV booth. ) Talk is also included.
ACV TEC Talk
During the show, ACV will host a series of TEC talks at its booth to provide dealers with the knowledge and tools to best serve their needs in today’s market. The consultation will cover everything from accurately pricing vehicles to adopting the right technology to drive dealer business and leveraging the dealer community to increase competitiveness and profitability. Many of these sessions will feature dealers who can share how they are winning with ACV’s solutions.
Educational Workshop with Randy Barone
On Saturday, February 3, at 2:30pm PT, ACV’s Vice President of Business Development, Randy Barone, will host an educational workshop on the Variable Operations Track.How do you score in the used car category?A former dealer and 30-year veteran of the auto industry, Mr. Barone focuses on how through data-driven insights dealers can increase inventory efficiency and management strategies to win in vehicle procurement. I’ll guess. In today’s ever-changing market, it’s important to be proactive in selecting the right inventory to meet your dealer’s needs. Participants will learn the importance of taking a retail-first approach to inventory management at every level of business operations and determining the right opportunities to differentiate from others and maximize sales potential . After the workshop, Mr. Barone will provide dealers who visit the ACV booth with a free dealer evaluation using his proprietary scoring process.
“We are thrilled to reconnect with our dealer partners at this year’s NADA Show,” said ACV CEO George Chamoun. “Market conditions in 2024 will bring new opportunities and challenges as new vehicle inventories steadily increase and dealers will need to continue to source used vehicles effectively. Scheduled Demonstrations and TEC Talk is focused on leveraging data and technology to help dealers make informed decisions when sourcing and selling used cars. We are building the foundation for the future of automobiles while , we look forward to enabling our partners to connect and win in 2024.”
Dealers can sign up today to schedule meetings on specific topics or get an overview of common ACV features. https://www.acvauctions.com/nada.
For more information about ACV’s products, please visit: www.acvauctions.com Join us in person from February 1st to 4th at the ACV booth (#2721W) in the West Hall.
About ACV
By building the most trusted and efficient digital marketplace and data solution for sourcing, selling, and managing used vehicles with transparency and comprehensive insights previously unimaginable, ACV We are on a mission to transform the industry.
ACV’s services include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar. For more information about ACV, please visit www.acvauto.com.
Trademark Reference: ACV, the ACV logo, and ClearCar are registered trademarks or trademarks of ACV Auctions, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners..
Media contact:
Maura Duggan
maura@acvauctions.com