ACVA

ACV Auctions Inc. operates a digital marketplace for wholesale vehicle auctions, connecting automotive dealers and commercial partners to buy and sell used vehicles. The company's platform enables dealers to source inventory and liquidate trade-ins efficiently through online bidding, transparent condition reports, and streamlined transaction processes. ACV provides vehicle inspection, condition reporting, arbitration, logistics, and financing solutions to support the wholesale transaction lifecycle. The platform leverages data analytics, mobile technology, and marketplace dynamics to improve pricing transparency, transaction speed, and dealer efficiency compared to traditional physical auctions. ACV generates revenue through auction fees, transportation services, and value-added solutions. Founded in 2014 and headquartered in Buffalo, New York, ACV has disrupted the wholesale automotive auction industry by digitizing traditionally offline processes. The company benefits from dealer demand for inventory access, operational efficiency, and the shift toward digital commerce in automotive wholesale. ACV continues to expand its marketplace, enhance technology capabilities, and introduce adjacency services to capture value across the wholesale vehicle ecosystem.