#56 Building a $2B car auction app, "Gambling for car dealers", Artificial intelligence vs. actual intelligence | Joe Neiman, Co-Founder of ACV Auctions
Feb 06, 2024•53 min•Ep 56•Transcript available on Metacast Episode description
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.
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 Car Dealership Guy? Drop us a line here
Interested in being considered as a guest on the podcast? Add your name here
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.
