UPDATE – ACV Equips Dealer Partners with Solutions to Manage Rising Used and Aged Retail Inventory
17 January 2023 - 03:28AM
As the automotive industry continues to consolidate at an
accelerated pace, combined with increasing volumes of aging retail
inventory, major dealership groups around the country are turning
to ACV’s customizable solutions to manage inventory efficiently and
profitably across multiple rooftops. ACV (Nasdaq: ACVA), the
leading digital automotive marketplace and data services company
for dealers and commercial partners, will be hosting workshops to
showcase these solutions at booth #3141 at the 2023 National
Automobile Dealers Association (NADA) Show from January 27 - 29 in
Dallas, Texas.
The ACV team is helping dealers remain strong and resilient by
building scalable, customizable products to ensure they keep the
right vehicles to sell retail and wholesale vehicles that better
match the core inventory needs of other stores within the
designated dealer network.
Through the use of data-driven insights and experienced,
dedicated customer service team members, ACV’s PRIVATE MARKETPLACES
offerings are driving efficiencies for dealers making the most of
their most-prized and finite resources: time and money.
Several large dealer groups have recently joined the ACV
platform, including industry leader Zeigler Automotive Group, who
is leveraging ACV PRIVATE MARKETPLACES to manage inventory across
all of its rooftops. The scalable, customizable and dedicated
platform allows users to list and sell vehicles to designated
dealers, including those within their own group, which is
invaluable in keeping wholesale business strategy strong and
resilient.
"The ZEIGLER PRIVATE MARKETPLACE is an important tool we use to
ensure our stores always have fresh and current used car inventory
available for sale,” said Zeigler Auto Group President and CEO
Aaron Zeigler. “ACV’s CEO George Chamoun and the entire ACV team
are valued partners, providing best practices, auction technology
and an unrivaled, tech-driven vehicle inspection that assists our
teams in trading frontline-ready inventory at current market
values."
“Our portfolio of services and technologies, along with our
best-in-class customer service teams, are a result of our
commitment to listen and learn from our dealer partners. Our nimble
team is able to respond with solutions that not only add efficiency
to a dealer’s wholesale strategy, but do so with transparency,”
said ACV CEO George Chamoun. “We do our best to not only address,
but also anticipate the challenges facing our dealer partners so
they can remain focused on growing their businesses.”
Outside of private digital auctions, ACV offers other tools for
dealers to market retail-ready inventory, such as True360 reports
and MAX Merchandising. Online shoppers crave transparency and are
willing to spend more when they have peace of mind, and a True360
inspection on a dealer’s retail inventory delivers that true
transparency. MAX Ad & Syndication is a best-in-class
automotive merchandising software that automates and optimizes
vehicle descriptions with valuable details, such as trim levels and
luxury packages that create more engaging landing pages and VDPs
across site experiences.
ACV will be at the 2023 National Automobile Dealers
Association (NADA) Show in Dallas from January 26-29 and invites
dealers to book an appointment online and visit booth #3141 to
learn how ACV can build customized solutions for their businesses.
Additionally, on January 26, attendees can join ACV VP of Business
Development Randy Barone for his educational workshop in Room D175
on the Variable Operations track: “Windshield or Rear-view Mirror?
How do you manage used cars?” Find out more about can’t-miss ACV
events at https://www.acvauctions.com/blog/nada2023.
About ACVACV is on a mission to transform the
automotive industry by building the most trusted and efficient
digital marketplace and data solutions for sourcing, selling and
managing used vehicles with transparency and comprehensive insights
that were once unimaginable.
ACV marketplace products include ACV Auctions, ACV
Transportation and ACV Capital and its leading data products
include True360, MAX Digital, Drivably and Monk SAS. For more
information about ACV, visit www.acvauto.com.
Trademark reference: ACV, the ACV logo, Smart Acquisition
Manager and S.A.M. are registered trademarks or trademarks of ACV
Auctions, Inc. or its affiliates in the United States and/or other
countries. All other trademarks referenced herein are the property
of their respective owners.
Media Contact:Maura
Dugganmaura@acvauctions.com
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