#56 Building a $2B car auction app, "Gambling for car dealers", Artificial intelligence vs. actual intelligence | Joe Neiman, Co-Founder of ACV Auctions

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.