ACV Panels Discuss Using AI for Trusted Vehicle Valuation and Disposal Strategies at Used Car Week 2023
ACV Panels Discuss Using AI for Trusted Vehicle Valuation and Disposal Strategies at Used Car Week 2023
The leading digital automotive marketplace shares insights following executive panel participation and exhibiting at the event.
领先的数字汽车市场在高管小组参与和参展活动后分享见解。
BUFFALO, N.Y., Nov. 17, 2023 (GLOBE NEWSWIRE) -- ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial clients, just returned from another year as a platinum-level sponsor and exhibitor at Used Car Week 2023, which took place in Scottsdale, Arizona, from November 6-9. This annual conference united all corners of the used-car industry and facilitated conversations with dealers on the showroom floor that provided invaluable insights and learnings.
纽约州布法罗,2023 年 11 月 17 日(环球新闻专线)-- ACV (纳斯达克股票代码:ACVA)是经销商和商业客户的领先数字汽车市场和数据服务合作伙伴,作为白金级赞助商和参展商又回来了一年 2023 年二手车周,该活动于11月6日至9日在亚利桑那州的斯科茨代尔举行。这次年度会议团结了二手车行业的各个角落,促进了与展厅经销商的对话,提供了宝贵的见解和学习。
During the event, several ACV executives shared their insights on the overall industry, as well as the company's ongoing work to enhance its AI-based offerings and capabilities for its dealer and commercial partners.
活动期间,几位ACV高管分享了他们对整个行业的见解,以及该公司为增强其经销商和商业合作伙伴提供的基于人工智能的产品和能力而正在进行的工作。
ACV Vice President of Major Accounts Kraig Quisenberry moderated a panel on November 7 discussing the changing role of used-car managers and their evolving needs to grow this segment of the industry.
ACV主要客户副总裁克雷格·奎森伯里于11月7日主持了一个小组讨论,讨论了二手车经理角色的变化以及他们为发展该行业而不断变化的需求。
On November 8, ACV CEO George Chamoun participated in a panel with several leaders in the auto auctions space to discuss the current wholesale automotive landscape, technological evolutions, the importance of ancillary services, and creating operational efficiencies.
11月8日,ACV首席执行官乔治·查蒙参加了由汽车拍卖领域的几位领导者参加的小组讨论,讨论了当前的汽车批发格局、技术发展、辅助服务的重要性以及提高运营效率。
On November 9, ACV Vice President of Field Operations Doug Hadden joined a workshop to discuss new developments in AI and automotive tech that are helping businesses drive revenue growth. Additionally, ACV Senior Director of Arbitration & PreScreen Matt Arias joined a panel on how integrating engine diagnostic information can enhance vehicle valuations, improve condition reports and reduce arbitrations, and ACV & MAX Digital Director of Major Accounts Tim Scoutelas moderated a panel that explored trending and traditional methods to effectively redistribute inventory within a group.
11月9日,ACV现场运营副总裁道格·哈登参加了一个研讨会,讨论了帮助企业推动收入增长的人工智能和汽车技术的新发展。此外,ACV仲裁和PreScreen高级董事马特·阿里亚斯参加了关于整合发动机诊断信息如何提高车辆估值、改善状态报告和减少仲裁的小组讨论,而ACV和MAX主要客户数字总监蒂姆·斯库特拉斯主持了一个小组讨论,探讨了有效重新分配集团内部库存的趋势和传统方法。
In addition to participating in these larger discussions and presentations, executives were on site at ACV's booth throughout the event, engaging with dealers to develop deeper insights into the challenges and desires dealer and commercial partners are facing following three years of unprecedented production, inventory and sales challenges. Key takeaways included:
除了参加这些更大规模的讨论和演示外,高管们在整个活动期间都在ACV的展位现场与经销商接触,以更深入地了解经销商和商业合作伙伴在经历了三年前所未有的生产、库存和销售挑战之后面临的挑战和愿望。关键要点包括:
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Economic Change & Preparation: Dealers remain concerned about broader economic factors and how they relate to the wholesale market. Dealers want to know how others in the industry are navigating high interest rates and the overall market volatility.
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Steady Supply of New Vehicles and Aged Inventory: Now that there is a steadier supply of new cars, dealers believe they no longer need to hold on to every trade. However, they now need to act expeditiously with confidence to make the right wholesale or retail decisions for their used vehicles, paying close attention to turn-times for those they keep. Large dealer groups are leveraging their multiple franchise stores to keep retail-ready units within the network but move them to the stores within the group where core inventory needs match. Dealers report there is a renewed focus on determining the exit strategy for every vehicle and having efficient turn-times for retail units.
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Focus on Valuation: Commercial consignors continue to emphasize vehicle valuation, depreciation, condition and days to sell as key criteria as they select the partners who can aid them in selling their vehicles. They also believe inspections remain an integral role in the remarketing of vehicles, including at the time of transport.
- 经济变革与准备:经销商仍然担心更广泛的经济因素及其与批发市场的关系。交易商想知道业内其他人是如何应对高利率和整体市场波动的。
- 新车和陈旧库存的稳定供应:现在,新车的供应更加稳定,经销商认为他们不再需要坚持每笔交易。但是,他们现在需要充满信心地迅速采取行动,为二手车做出正确的批发或零售决策,同时密切关注他们保留的车辆的周转时间。大型经销商集团正在利用其多家特许经营门店将可供零售的单位保留在网络中,但将其转移到集团内核心库存需求匹配的门店。经销商报告说,人们重新将重点放在确定每辆车的退出策略以及提高零售部门的周转时间上。
- 关注估值:商业发货人在选择可以帮助他们销售车辆的合作伙伴时,继续将车辆估值、折旧、状况和销售天数作为关键标准。他们还认为,检查仍然是车辆再营销中不可或缺的作用,包括在运输时。
"Events like Used Car Week allow us to spend in-person, quality time with many of our dealer and commercial partners and learn about the challenges they face in an ever-changing market. I am so proud of our teammates and thought leaders who were on site this year," said ACV CEO George Chamoun. "As the industry continues to face extraordinary challenges, we remain committed to equipping our dealers with innovative solutions to ensure they successfully acquire and value vehicles with the utmost trust and transparency. From consumer acquisition with tools such as ClearCar, to Private Marketplaces for large dealer groups or commercial partners, to our vibrant digital national marketplace to sell wholesale vehicles, ACV always has our partners' needs top of mind. Their feedback and insights are crucial as we continue to build our portfolio of offerings and enhance the remarketing process."
“像二手车周这样的活动使我们能够与许多经销商和商业合作伙伴面对面共度美好时光,了解他们在不断变化的市场中面临的挑战。我为今年来到现场的队友和思想领袖感到非常自豪。” ACV首席执行官乔治·查蒙说。“随着该行业继续面临非同寻常的挑战,我们仍然致力于为经销商提供创新的解决方案,以确保他们以最大的信任和透明度成功收购和评估汽车。从使用ClearCar等工具获取消费者,到大型经销商集团或商业合作伙伴的私人市场,再到我们充满活力的销售批发汽车的全国数字市场,ACV始终将合作伙伴的需求放在首位。在我们继续建立产品组合和加强再营销流程的过程中,他们的反馈和见解至关重要。”
These topics, including new vehicle supply and the effects of economic and industry changes, remain central to ACV. As ACV recently discussed during its Q3 2023 earnings report, the company expects conversion rates and wholesale price depreciation to follow normal seasonal patterns for the balance of the year. Executives also noted that vehicle supply remains lower than historical levels but believe it will improve as new vehicle production and inventory continue to recover. ACV continues to address these challenges with the expansion of its AI-driven inspection solutions, including ClearCar, which represents ACV's growing suite of products to enable dealers to more effectively acquire and value consumer vehicles.
这些话题,包括新车供应以及经济和行业变化的影响,仍然是ACV的核心。正如ACV最近在会上讨论的那样 2023 年第三季度收益报告,该公司预计,在今年余下的时间里,转换率和批发价格贬值将遵循正常的季节性模式。高管们还指出,汽车供应仍低于历史水平,但他们认为,随着新车产量和库存的持续恢复,供应量将有所改善。ACV 继续通过扩展其人工智能驱动的检测解决方案来应对这些挑战,包括 清除汽车,这代表了ACV不断增长的产品套件,使经销商能够更有效地收购和估值消费车。
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 offerings include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar. For more information about ACV, visit .
关于 ACV
ACV 的使命是通过建立最值得信赖和最高效的数字市场和数据解决方案,为二手车采购、销售和管理提供曾经难以想象的透明度和全面的见解,从而实现汽车行业的转型。
ACV 提供的产品包括 ACV Auctions、ACV Transportation、ACV Capital、MAX Digital、True360 和 ClearCar。有关 ACV 的更多信息,请访问 。
Trademark reference: ACV, the ACV logo, and ClearCar 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.
商标参考:ACV、ACV 徽标和 ClearCar 是 ACV Auctions, Inc. 或其分支机构在美国和/或其他国家的注册商标或商标。此处提及的所有其他商标均为其各自所有者的财产。
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