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ACV Expands Its No Reserve Sale to Four Days a Week—Driving 10+ Bidders per Car and More Activity on Every Unit
Globenewswire· 2025-08-19 14:36
Core Insights - ACV has expanded its No Reserve Sale to four days a week, enhancing opportunities for dealers to sell and source inventory in $0 reserve auctions [1][2] Group 1: Auction Details - The new auction schedule includes sales every Tuesday, Wednesday, Thursday, and Saturday at 12:00 PM ET, with a new Wednesday sale added and Saturday's start time moved up for consistency [2] - The No Reserve Sale allows dealers to select vehicles from the My ACV dashboard, guaranteeing a payout and enabling sales on any of the four auction days [3][4] Group 2: Performance Metrics - 85% of vehicles sold in the No Reserve Sale exceed the guaranteed offer, with auctions attracting an average of 35+ bids and 100+ views per auction [9] - The platform provides flexibility for dealers to sell one vehicle or multiple units, resulting in fast and predictable cash flow [4] Group 3: Buyer and Seller Benefits - The No Reserve Sale has proven to increase vehicle visibility significantly, with some cars receiving triple or quadruple the views compared to traditional sales [5] - ACV aims to enhance dealer profitability and control, providing opportunities for quick inventory turnover and access to a diverse range of vehicles [7][6] Group 4: Company Mission - ACV is focused on transforming the automotive industry by creating trusted digital marketplaces and data solutions for used vehicle transactions [8]
ACV to Report Second Quarter 2025 Financial Results on August 11, 2025
Globenewswire· 2025-07-21 20:05
Core Viewpoint - ACV, a leading digital automotive marketplace, is set to report its second quarter 2025 financial results on August 11, 2025, after market close [1]. Group 1: Financial Reporting - The company will host a conference call at 5:00 p.m. ET on the same day to discuss the financial results [1]. - Investors and analysts can participate in the call by dialing the provided numbers approximately 10 minutes prior to the start [2]. Group 2: Company Overview - ACV aims to transform the automotive industry by creating trusted and efficient digital marketplaces and data solutions for used vehicles [3]. - The company's offerings include ACV Auctions, ACV Transportation, ACV Capital, ACV MAX, True360, and ClearCar [3].