ACV Auctions Overview
What is ACV Auctions? ACV Auctions is a dealer-to-dealer marketplace that replaces physical wholesale car auctions. It allows dealers to engage in live 20-minute auctions, where buyers can review the condition report and bid to own using live and proxy bids. Once an auction ends, sellers can accept or send the high bidder a counter offer to start a live, real-time negotiation session with the buyer. All payments and title transfers are handled through the ACV Auctions office.
Features
- Easy auction creation process for sellers
- Live 20-minute auctions with live and proxy bids for buyers
- Fair bidding system that prevents last-second bid sniping
- Real-time negotiation session between sellers and high bidders
- All payments and title transfers handled through ACV Auctions office
- Free for dealers to use with no monthly fees or contracts
- Lower buyer and seller fees compared to physical auctions
- Personal information collection with a Privacy Policy/Notice at Collection available in the App Privacy section.
Official Screenshots
Product Details and Description of
ACV Auctions is a dealer-to-dealer marketplace. The app replaces the physical wholesale car auctions that facilitate the sale of approximately 15 million vehicles every year. This platform allows dealers to engage in our live 20 minute auctions. It's easy for sellers to create an auction. Simply scan the VIN, enter vehicle condition information, and snap a few photos. Tap "Send to Auction" and your auction is instantly sent to thousands of potential bidders. Buyers review the condition report and bid to own using live and proxy bids. Auctions are live for 20 minutes. The system prevents last-second bid sniping so you're sure to get a fair chance in every auction. Once an auction ends, sellers can accept or send the high bidder a counter offer to start a live, real-time negotiation session with the buyer. Buyers can accept the counter offer or negotiate further. All of this right from the convenience of your mobile phone. All payments and title transfers are handled through our office. Buyers can pay instantly with an electronic check or floorplan. For sellers, we email prepaid FedEx® labels for sending in titles. Bill of sales get emailed for your records. ACV Auctions is free for dealers to use. There are no monthly fees or contracts. Our buyer and seller fees are considerably lower than physical auctions. Sign up for a completely free account at http://www.this app.com/ (requires proof of valid dealer license). This app collects personal information. To see our Privacy Policy / Notice at Collection, please follow the link in the App Privacy section below.
Top Reviews
By H4T Auto
Business manager great way to buy vehicles.
Acv has gone above and beyond for our business. We are a small dealer that uses this auction service daily. We have been able to grow our business through their auctions with less fees and great inspections. We have purchased over 100 units from acv with only 4 vehicles that were arbitrated. Great policies and great customer support. They are there to answer the call when needed and our dealer rep Liz goes above and beyond for us.
By OAK AS
Don’t preview auctions
Whatever you do, please do NOT introduce an auction preview feature. The mix and uncertainty is what makes this platform good. I disliked the lack of previews at first, but have come to like that feature a lot.
By Used car buyer
Great company
I wish they would follow NAAA guidelines on arbitration, otherwise they have been a great company to work with. I have bought at least 80 cars this year, shop bills have fallen in line with those that I purchase at regular auctions, but I did have one that would have been covered by Manheim or Adesa arbitration policies, but wasn’t because ACV doesn’t follow NAAA guidelines. As a seller, what more can I ask for, I get paid in timely manner once they have received the titles. I can have them out very quickly as well to do inspections. The app needs some work, I wish we could switch to landscape mode on the ipad app.
