Carrier by ACV Transportation™ App Delivers Digital Efficiency, Protection and Faster Payment for Vehicle Carriers ACV Auctions

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New free app offers a digital solution for a smooth and more seamless pickup and delivery experience for carriers and dealers

Carrier App by VAC Transportation™

Screenshots of the Carrier by ACV Transportation™ app in use

BUFFALO, NY, April 05, 2022 (GLOBE NEWSWIRE) — VCA, the leading digital automotive marketplace for wholesale vehicle transactions and data services, today announced the launch of the Carrier by ACV Transportation™ app – a free, easy-to-use digital tool for car carriers to effectively manage their vehicle pick-ups and deliveries. Available to all ACV Auctions registered carriers nationwide, the Carrier by ACV Transportation™ app provides an intuitive, streamlined digital product that eliminates the need for paper-based pickup and drop-off slips with a virtually contactless experience for carriers. vehicle transporters. The improved ease of use translates into a

experience for the carrier, faster payment and increased protection for his business.

“Our vehicle carriers are a crucial part of the ACV Auctions marketplace, providing dealers with seamless and efficient options for picking up and delivering vehicles without leaving the ACV Auctions app. We saw an opportunity to leverage our expertise in creating digital products to help improve the way carriers interact with ACV,” said Vikas Mehta, COO of ACV. “Our carriers need digital tools to streamline their business and speed up payments. Carrier by ACV Transportation™ application, we reduce their liability, digitize traditional paper-based processes and provide photographic evidence of a vehicle’s condition during pick-up and drop-off.In the automotive industry, time c is money, and we are proud to offer digital solutions to all members of the automotive ecosystem to reduce friction. ions and increase the efficiency of legacy manual processes.

With the Carrier by ACV Transportation™ app, vehicle transporters can now eliminate the traditional paperwork required to complete vehicle transports, resulting in faster delivery and payment. Carriers can take advantage of an in-app Vehicle Identification Number (VIN) scanner, eliminating the need to manually enter a 17-digit number for each job. An electronic bill of lading (eBOL) provides a secure, contactless way to track shipments, and also results in faster payment for the carrier. These additional accountability measures also include in-app photo capture, allowing for uploading photos of vehicle condition during pick-up and drop-off, and most importantly, a mandatory key location image. These real-time photos with timestamps allow the carrier to protect itself in the event of a disaster.

“The ACV Transportation team was so responsive to feedback and ideas; I feel like this app was created especially for me with my business challenges in mind. The application is easy to use, saves me time and protects me from claims by taking photos. My favorite feature is the latest update allowing multi-leg movements. It’s a great addition to the app and now allows one driver to pick up a car and another driver to deliver the car to its destination,” said Matthew Farrell, owner of Boss Towing in Buffalo, NY.

The Carrier by ACV Transportation™ app is available to ACV Auctions registered vehicle carriers and free to download through the android and Apple app stores. Carriers interested in signing up to join the VAC Carrier Network can visit: https://www.acvauctions.com/haul.

About VAC Transport:
ACV Transportation was founded in 2018 by ACV teammates who saw an opportunity to better serve their dealership customers in the ACV Auctions online marketplace. Born from the innovative spirit of the start-up ACV Auctions, ACV Transportation has become an active bilateral market within an existing bilateral market. Like its parent company ACV, ACV Transportation uses technology and data insights to transform an analog challenge within the wider used auto industry: transporting purchased vehicles to the buying dealership.

ACV Transportation offers dealerships safe and transparent delivery solutions for the vehicles they purchase on the ACV Auctions platform. This fast-growing business within ACV offers competitive pricing through a nationwide network of over 5,000 trusted carriers, along with real-time pricing and status updates displayed directly within the ACV app. Additionally, ACV Transportation includes Breach of Arbitration Window protection with an automatic 48-hour extension beyond receipt for any delayed delivery. These investments are driving strong revenue growth by providing highly differentiated services to the market, while creating efficiencies for our partners and for ACV.

In just a few years, ACV Transportation has experienced accelerated growth, supports ACV customer loyalty and continues to be a key catalyst in attracting new buyers to the ACV platform. Its growing network of carrier partners and rapid cycle times resulted in attach rates exceeding 50% in the fourth quarter, exceeding ACV’s original goals for the business unit by a full year. ACV Transportation carriers have been busy logging miles and recently surpassed the 100 million mile delivery milestone. ACV Transportation is already meeting its long-term adoption goals and is having a positive impact on ACV Auctions customer retention. Now, with Carrier by ACV Transportation™, the company will be able to offer more favorable prices for dealers, efficient means of supply for carriers and profitability for ACV.

About Apple Cider Vinegar
ACV is on a mission to transform the automotive industry by creating the most reliable and efficient digital marketplace and data solutions for the supply, sale and management of used vehicles with complete transparency and information that were once unimaginable.

ACV’s brand network includes ACV Auctions, ACV Transportation and ACV Capital in its Marketplace products as well as True360, MAX Digital, Drivably and Monk SAS. For more information on ACV, visit www.acvauto.com.

Trademark Reference: ACV and the ACV logo are either registered trademarks or trademarks of ACV Auctions Inc, Inc. or its affiliates in the United States and/or other countries. All other trademarks mentioned herein are the property of their respective owners.

Media Contact:
Maura Dugan
VCA
Director, Communications
[email protected] | 716-359-0706

A photo accompanying this ad is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/4ceadc42-82da-456d-8a60-f405f53ca25f

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