Feb. 6, 2024

#56 Building a $2B car auction app, "Gambling for car dealers", Artificial intelligence vs. actual intelligence | Joe Neiman, Co-Founder of ACV Auctions

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#56 Building a $2B car auction app, "Gambling for car dealers", Artificial intelligence vs. actual intelligence | Joe Neiman, Co-Founder of ACV Auctions
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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 CDGJobs.com.

 

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Learn more @ https://www.cdkglobal.com/dealership-xperience-platform

 

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Topics:

(00:00:00) - Intro

(00:03:06) - Joe’s early career in auto

(00:09:21) - Building ACV Auctions

(00:17:16) - Have we lost the thrill of the in-person auction?

(00:20:41) - What are the major issues with online auctions?

(00:23:02) - How do we evolve the online car auction?

(00:25:07) - Will you launch an auction platform?

(00:26:40) - Having the entrepreneurial mindset

(00:34:01) - Why did you leave ACV?

(00:38:31) - What’s happening in the wholesale market right now?

(00:48:16) - Thoughts on the current market

(00:51:04) - Parting advice 

 

Check out Dealer Club

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.