ACV announced the launch of ACV's Smart Acquisition Manager (S.A.M.), which delivers two new innovative ways to engage with ACV's Marketplace. ACV's S.A.M. offers a buying API (Application Programming Interface) to drive a programmatic buying user experience. ACV is making its trusted 20-minute digital auction even more powerful by introducing these solutions that allow dealers to set-up proxy bids via an AI-powered buying agent to make data-driven decisions.

These proxies will bid on and buy cars within the ACV Marketplace entirely based on the dealer's pre-set criteria. ACV's S.A.M. enables dealers to customize their automatic buying preferences down to minute-level vehicle details (160+ data fields). Dealers can use S.A.M. to build highly customized rules that will not only identify vehicle specifications and price ranges, but could, for example, also include preferences for vehicle condition based on ACV's leading inspection reports.

ACV continues to reduce friction for dealers' buying decisions with this new programmatic buying experience. ACV Marketplace participants can engage and confidently source inventory that fits the unique needs of their businesses. Later this year, these capabilities will be extended to consumer inventory running in ACV's Live Appraisal lane within the ACV Marketplace.

What sets S.A.M. apart is the ability to customize vehicle condition preferences down to granular details, including or excluding condition report details such as warning lights, tire condition, frame damage and title statuses. S.A.M. serves as a dealer's own virtual buying assistant that is working for them 24/7. With a minimal weekly time investment to keep their buying preferences up to date, dealers can rest easy knowing that they will never miss out on securing core inventory for their dealership.