ACV, founded in 2014 and headquartered in the United States, operates a technology-driven digital marketplace for wholesale automotive auctions. The platform connects dealers, enabling them to buy and sell vehicles online with an emphasis on trust and transparency. The publicly traded company employs over 2,000 people across the country.
The company's data-driven platform provides real-time market intelligence and detailed vehicle condition reports to support its core auction services. ACV has expanded its offerings to include several complementary products: ACV Transportation, which maintains a network of over 5,000 carriers for vehicle logistics; ACV Capital, providing financing solutions for dealers; ACV MAX, a dealer management system; True360, for vehicle inspections; and ClearCar, which focuses on consumer-facing solutions.
According to the company, dealers using its platform can realize measurable operational benefits. ACV states that buyers on its platform earn an average of $316 more per vehicle compared to traditional wholesale methods, save approximately 20 hours per month, and purchase an average of 15 additional vehicles monthly. The platform processes millions in vehicle transactions annually, serving the wholesale automotive industry throughout the United States.