ACV to Engage Dealers at NADA 2023 With Tailored Content and Solutions Addressing Key Pain Points

Rhea-AI Summary

ACV (Nasdaq: ACVA) is addressing dealer challenges at the NADA Show from January 26-29, 2023, with a series of educational events aimed at enhancing dealership operations. Highlights include a workshop led by VP Randy Barone focusing on used car management strategies, and participation in NADA's first-ever Shark Tank Pitch Competition featuring the innovative APEX tool. The ACV TEC Talks will also feature industry leaders discussing inventory management, sourcing, and vehicle appraisal.

These initiatives aim to empower dealers with data-driven insights to navigate market volatilities effectively.

Positive

• ACV’s participation in the NADA Show reflects its commitment to addressing dealer pain points, enhancing brand visibility.
• Launch of innovative tools like APEX demonstrates ACV's focus on leveraging technology in vehicle inspections.
• Educational workshops could improve dealers' operational efficiency and profitability.

Negative

• None.

ACV’s thought leadership will span Live Stage presentations, an NADA workshop and a new robust speaking series in the ACV booth (#3141)

BUFFALO, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, is addressing today’s dealer pain points and concerns head-on at this year’s National Automobile Dealers Association (NADA) Show with a robust product of industry thought leadership discussions and educational opportunities for attendees. ACV’s team has direct dealership experience with both public and private dealership groups and plans to bring their deep understanding of the challenges dealers face in today’s market with solutions-oriented events and discussions.

All ACV activations at NADA 2023 will focus on helping dealers succeed and break away from the pack.

Summary of Events:

• Thursday, January 26 / 1 – 2 p.m. CT [Location: Room D175]
  • NADA Workshop: Windshield or Rearview Mirror: How do you manage used cars?
  • Presenter: Vice President of Business Development Randy Barone
  • Description: Randy Barone will lead an educational workshop on the Variable Operations track: “Windshield or Rear-view Mirror? How do you manage used cars?” Barone, a 30-year automotive industry veteran and former dealer, will focus on inventory management strategies. Attendees will learn how to pivot ahead of market fluctuations and inventory volatility through the use of data to value cars accurately, buy more profitable vehicles and manage inventory. The workshop will explore ways to diversify vehicle acquisition, including better buying-center experiences and unique consumer sourcing strategies.

• Friday, January 27 / 10 a.m. CT [Location: NADA Live Stage]
  • Shark Tank Pitch Competition: APEX
  • Presenters: Senior Director of Research and Development Michael Pokora and Director of Research and Development Philip Schneider, Ph.D.
  • Description: Michael Pokora and Philip Schneider will take the Live Stage to compete in NADA’s first-ever Exhibitor Pitch Competition. Pokora and Schneider were selected after submitting a one-minute video pitch for ACV’s industry-leading inspection tool APEX^TM. APEX is the latest generation of ACV’s listening tool, Audio Motor Profile^Ⓡ (AMP^Ⓡ), and now boasts a multitude of sensors that record the vehicle’s engine sound and vibration to detect certain emission anomalies. Machine learning algorithms then analyze and compare the data to ACV’s vast vehicle intelligence data library to report on the condition of the vehicle, assisting dealers in making informed inventory management decisions.
  • As first-round finalists, the duo will deliver an engaging two-minute Shark Tank-like pitch for the chance to be named the Grand Prize Winner and receive a 20-minute time slot on the Live Stage later at the 2023 NADA Show. The winner, selected based on creativity, content and overall value proposition, will also be featured on NADA’s digital platforms as the first winner of what may become a recurring event.

• Friday, January 27 - Sunday, January 29 [Location: ACV Booth #3141]
  • ACV TEC Talks: Various (see schedule below)
  • Presenters: Vice President of Business Development Randy Barone, Vice President Doug Hadden and Vice President of Major Accounts Kraig Quisenberry
  • Description: Throughout the show, ACV will be hosting TEC Talks which were developed in direct response to the challenges facing dealers today. The TEC Talk series will cover topics including how to source, appraise and acquire cars from consumers more effectively; how dealers can leverage their whole dealership group to value cars, including using group appraisal and trading to build trust within their group; how to merchandise their assets better, including not wasting time on cars that don’t match their core inventory needs or minimum condition requirements; and helping dealers handle aged inventory. ACV will also have several respected dealers and key partners participate in the TEC Talks including Nate Myers from Performance Automotive, Tony Lucas from Casa Auto Group, as well as Robert Grill from CarFax.
    
    ACV’s TEC Talk Schedule:
    For up-to-the-minute timing, see full schedule here
    
    Friday, January 27
    9:30 a.m. / Inventory Independence / Randy Barone
    10:30 a.m. / Inspections... the Future is Here! / Doug Hadden
    11:30 a.m. / Fact vs. Fiction / Doug Hadden
    1:30 p.m. / Better Buying = Better Profitability / Randy Barone
    2:30 p.m. / Inspections... the Future is Here! / Doug Hadden
    3:30 p.m. / Nate Myers, Performance Automotive / Kraig Quisenberry
    
    Saturday, January 28
    9:30 a.m. / Time to Trim the Fat / Randy Barone
    10:30 a.m. / Robert Grill, CarFax / Kraig Quisenberry
    11:30 a.m. / Inspections... the Future is Here! / Doug Hadden
    1:30 p.m. / Tony Lucas, Casa Auto Group / Kraig Quisenberry
    2:30 p.m. / Better Buying = Better Profitability / Randy Barone
    3:30 p.m. / Inspections... the Future is Here! / Doug Hadden
    
    Sunday, January 29
    9:30 a.m. / Inspections... the Future is Here! / Doug Hadden
    10:30 a.m. / Inventory Independence / Randy Barone
    11:30 a.m. / Back to Normal... Now What? / Randy Barone

Learn more about ACV’s product offerings at www.acvauctions.com and stop by to meet the team in-person at the ACV booth (#3141) January 27-29, or easily book an appointment online.

About ACV
ACV 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 and the ACV logo, APEX, Audio Motor Profile and AMP 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 Duggan
maura@acvauctions.com

FAQ

What is ACVA doing at the NADA Show 2023?

ACVA is hosting workshops and presentations to address dealer challenges and enhance dealership operations at the NADA Show 2023.

What is the APEX tool presented by ACVA?

The APEX tool is an advanced inspection technology that analyzes vehicle engine sounds and vibrations to aid dealers in inventory management.

When is the NADA Show taking place?

The NADA Show is taking place from January 26 to January 29, 2023.

Who is presenting at the NADA Workshop hosted by ACVA?

The NADA Workshop will be presented by Randy Barone, ACV's Vice President of Business Development.

What topics will be covered in the ACV TEC Talks?

The ACV TEC Talks will cover inventory management, vehicle sourcing, and appraisal strategies for dealers.