Joe Neiman, founder of ACV Auctions, announced the debut of his latest creation, DealerClub, a reputation-based auto auction platform for buying and selling wholesale vehicles. An exclusive marketplace for professionals, DealerClub is built upon the concept that each member puts their reputation on the line and is accountable for the vehicles they sell based on a rating system. This promises a transparent process where members can trust that the vehicles they purchase at auction are accurately represented and backed by the seller’s reputation in the marketplace.
“The dealers behind the cars are the foundation of a great auction experience,” says Neiman. “DealerClub believes in those dealers. It’s about finding better inventory. Buyers and sellers alike are looking for a no-surprises experience. With the seller’s reputation on the line, buyers can be confident the vehicle they bid on is the vehicle they get.”
Features of DealerClub:
Reputation-Based
At a glance, buyers can see how sellers rate across multiple categories including sell-through rate, vehicle inspection accuracy, and their consistency with providing titles. Sellers, meanwhile, benefit from increased bidder confidence in their vehicles as their rating increases, bringing in additional deals at higher values, creating additional selling success, and unlocking further economic incentives.
Better Inventory Experiences
The seller’s reputation is on the line and backed by DealerClub’s proprietary rating system. The result is a more transparent process.
Real-Time Auctions
DealerClub offers flexibility for both buyers and sellers. Sellers can list the car when they want, how they want, and describe the vehicles as they see fit. Buyers get a real-time auction sent straight to them, including pictures, video, personalized vehicle descriptions, seller history and ratings, customizable user profile pages, interactive chat, and seamless title, payment, floorplan, and transportation solutions.
All auction prices on DealerClub start at $0, to maximize bidding engagement.