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How "Gambling for Car Dealers" inspired a $2 Billion Business

In this episode, I'm speaking with Joe Neiman, Co-Founder of ACV Auctions

This episode is brought to you by:

Car Dealership Guy Industry Job Board - Connecting world-class talent with top-notch companies in Automotive. Find your next role—or start hiring today—at https://jobs.dealershipguy.com/jobs

CDK Global - Empowering dealers with the tools and technology to build deeper customer relationships. Learn more @ https://www.cdkglobal.com/dealership-xperience-platform

Stream Companies - Full-service, fully integrated, tech-enabled ad agency doing the ordinary extraordinarily well. Learn more @ https://www.streamcompanies.com/

Interested in advertising with CarDealershipGuy? Drop us a line here: https://cdgpartner.com

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Topics:
00:00:00 - Intro
00:03:06 - Joe’s early career in auto
00:09:29 - Building ACV Auctions
00:17:40 - Have we lost the thrill of the in-person auction?
00:21:02 - What are the major issues with online auctions?
00:23:25 - How do we evolve the online car auction?
00:25:33 - Will you launch an auction platform?
00:27:05 - Having the entrepreneurial mindset
00:34:17 - Why did you leave ACV?
00:38:48 - What’s happening in the wholesale market right now?
00:47:51 - Thoughts on the current market
00:51:20 - Parting advice

Check out Dealer Club: https://dealerclub.com/

Get in touch with Joe: Joe@dealerclub.com

Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.