ACV

ACV operates a technology-driven digital wholesale automotive marketplace, founded in 2014 and headquartered in Buffalo, New York. The company has grown from a regional startup into a publicly traded business employing more than 2,000 people, and it handles millions of vehicle transactions annually across the United States. Its stated aim is to let dealers buy and sell vehicles with trust and transparency.

The core product, ACV Auctions, is a digital wholesale auction marketplace for dealers. Surrounding it are several related offerings: ACV Transportation, a vehicle logistics service backed by a network of more than 5,000 carriers; ACV Capital, which provides flexible financing; ACV MAX, a dealer management solution; True360, vehicle inspection services; and ClearCar, consumer-facing automotive products. Technical work spans digital marketplace technology, data analytics and market intelligence, vehicle condition reporting, and real-time market data.

The company reports that buyers using the platform profit an average of $316 more per vehicle than through traditional wholesale channels, save roughly 20 hours a month, and purchase around 15 additional vehicles monthly. The addressable market is put at a $300 billion wholesale automotive sector. ACV describes its culture as mission-driven, with core values of Trust & Transparency, People First, Positive Experiences, Calm Persistence and Never Settling.