ACV Auctions is a leading online platform for buying and selling used vehicles in the United States. Founded in 2015, the company has quickly become a trusted source for dealers and buyers alike, thanks to its innovative technology and commitment to customer service.
ACV Auctions was founded by George Chamoun and Joe Neiman, two entrepreneurs who saw an opportunity to revolutionize the used car market through the use of technology. Prior to ACV Auctions, Chamoun and Neiman had both worked in the automotive industry and had extensive experience buying and selling used cars.
In its early days, ACV Auctions focused on providing an online platform for dealers to buy and sell vehicles at live auctions. The company’s unique approach, which included a proprietary mobile app and an innovative bidding process, quickly gained traction among dealers and buyers.
As the company grew, it expanded its services to include a range of value-added features, such as financing, transport, and vehicle inspections. Today, ACV Auctions is a one-stop-shop for dealers looking to buy and sell used vehicles, with a presence in over 150 markets across the United States.
In recent years, ACV Auctions has received numerous accolades for its innovative approach to the used car market. The company has been recognized as one of the fastest-growing companies in the United States by Inc. Magazine and has been named to the Forbes list of America’s Most Promising Companies.
Overall, the history of ACV Auctions is one of rapid growth and innovation. From its humble beginnings as a startup in 2015, the company has become a major player in the used car market and is poised for continued success in the years ahead.