ACV Auctions Acquires TrueFrame

ACV Auctions said this acquisition furthers its mission to provide the industry with an accurate view of vehicle conditions.

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December 17, 2019

ACV Auctions Acquires TrueFrame — *Photo courtesy of ACV Auctions.*

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ACV Auctions has acquired TrueFrame, a provider of vehicle accident inspections, the company announced.

Dealers and commercial consignors will now be able to request a True360 — TrueFrame’s comprehensive vehicle inspections which is published to CarFax, AutoCheck and dealer websites — report for all their used vehicles.

The company stated that this acquisition furthers its mission to provide the industry with an accurate view of vehicle conditions and to allow dealers and consignors with expanded data to make more informed decisions.

"We welcome the TrueFrame dealer partners, commercial consignors and teammates to ACV Auctions as we share a common mission to be the most trusted and transparent way for dealers to buy and sell used vehicles," said ACV Auctions CEO George Chamoun. "If a vehicle has been in an accident, it typically faces diminished value that is more significant than the actual severity of the damage.”

Topics:Used Vehicles Mergers & Acquisitions Technology Global Fleet

Originally posted on Vehicle Remarketing

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