BUFFALO, N.Y — ACV Auctions today announced that Michael Waterman has joined the company as Vice President of Sales. Expanding the team is part of ACV’s ongoing growth plan to deliver mobile-enabled live auctions for dealerships. In September, ACV secured $5 million in venture capital funding and recruited George Chamoun, as CEO, to scale the fast growing company.

A 20-plus year veteran of the auto industry, Michael Waterman brings deep experience in market development, hiring top sales talent and working with dealerships to enhance their wholesale process. Prior to his arrival at ACV, Michael most recently served in product and sales management roles at Dealersocket, Dealertrack and Adesa; after beginning his career managing dealerships.

“Michael’s success working with dealerships is proven,” said ACV CEO George Chamoun. “His background running dealerships, consulting dealers on technology and helping them enhance their wholesale operation is a very unique combination. We are very proud to have Michael lead our sales in dealerships.”

ACV Auctions is an advanced mobile platform that enables used-car dealers to view, bid and purchase car inventory via online auctions. These live auctions are conducted from franchise dealer lots and last just 20 minutes – saving dealers time and money.

“I am very excited to join ACV Auctions, an already proven better way to buy and sell wholesale vehicles,” said Michael Waterman. “My objective is to bring ACV Auctions to car dealers throughout the country, with the goal of maximizing their return on wholesale vehicles. ACV Auctions was created with these needs in mind.”

The ACV executive team, including George, Michael and founder Joe Neiman, will be attending Used Car Week in Las Vegas, NV, Nov.14 -18. George is a featured speaker; his presentation will focus on the benefits of using mobile technology to save time and money.

About ACV Auctions

Our mission is to become the most trusted source for dealerships to purchase wholesale vehicles. The ACV app allows users to take a vehicle condition report and instantly alert buyers that a 20-minute auction has begun. Simply stated, our technology modernizes the entire arc of auction operations, including account management, title management, floor plan purchasing, arbitration, and facilitating logistics. To learn more, please visit us at www.acvauctions.com