ACV's Innovative Solutions Streamline Consumer Vehicle Acquisition

ACV (Nasdaq: ACVA), a leading digital automotive marketplace and data services partner, showcased its consumer vehicle acquisition solutions, ACV MAX and ClearCar, at the 2024 Digital Dealer Conference and Expo. These integrated solutions aim to enhance the consumer trade-in process by providing precise, condition-enhanced valuations.

ACV MAX is a comprehensive enterprise solution offering a suite of appraisal, merchandising, and pricing tools designed to optimize dealership operations. Powered by ACV's industry-leading real-time data and advanced analytics, ACV MAX provides dealers with actionable inventory insights and time-saving automation capabilities.

One of the standout features of ACV MAX is its AI-powered exterior damage detection and pricing, which ensures precise appraisals. Dealers can quickly and accurately perform professional-grade appraisals enhanced with reconditioning alerts, helping them avoid costly pricing and trade-in mistakes.

ACV MAX seamlessly integrates with ACV Auctions' marketplace and Private Marketplaces, streamlining the end-to-end inventory decision-making and disposal process. Dealers can directly link their appraisals to wholesale options, maximizing profitability and reducing turn time.

ACV MAX offers two flexible options based on dealership needs: ACV MAX Inventory and ACV MAX Appraisal. ACV MAX Inventory provides a comprehensive inventory management system that integrates with dealer management systems (DMS) to offer accurate insights and time-saving automation. It features automated vehicle listings, detailed descriptions, and data-driven pricing recommendations tailored to local market conditions.

ACV MAX Appraisal, on the other hand, is ideal for dealers who may not require a full suite of inventory management tools but need powerful resources to attract customers, appraise vehicles accurately, and leverage real-time market data.

Lester Glenn, a nine-rooftop automotive group, has reported significant improvements in closing rates and wholesale gross profits using ACV's solutions. Matthew Costanzo, Chief Strategy Officer for Lester Glenn, commented, "It has unlocked a new revenue stream for consumer trade-ins at our dealerships. The condition-enhanced pricing engine empowers each of our nine stores to make informed decisions that ultimately benefit our bottom line."

ACV's commitment to providing dealers with data-driven insights and innovative tools to stay competitive in the evolving automotive market is evident in its showcase at the Digital Dealer Conference and Expo. By leveraging ACV's full suite of solutions, dealers can maximize their competitive edge and optimize consumer vehicle acquisition results.