ACV Auctions Reports $10B GMV, Dealers Add $20k-$30k Cars after Gas Price Spikes
ACVA's marketplace facilitates over 800,000 wholesale vehicle sales annually with $10 billion in GMV, serving roughly one-third of U.S. franchise dealers. Gas price spikes have lifted hybrid and diesel demand while EV values have stabilized, and dealers are targeting affordable $20k-$30k models after average new car prices exceeded $40k.
1. Marketplace Scale
ACVA’s platform moves over 800,000 wholesale vehicles per year, processing $10 billion in gross merchandise value and partnering with about one-third of U.S. franchise dealerships, underscoring its extensive dealer relationships and data reach.
2. Demand Shifts
Recent surging gas prices have prompted stronger demand for hybrid and diesel models, while used EV valuations have ceased their slide, suggesting a potential recovery or price floor for electric vehicles.
3. Dealer Inventory Strategy
Dealers are rebalancing lots toward affordability, increasing orders of $20,000–$30,000 vehicles as new car averages top $40,000, and preparing for a wave of off-lease EVs returning to the wholesale market.