ACV Auctions Inc. announced that it has hired industry veteran Doug Hadden as vice president of field operations and promoted Will Morris to area vice president east. ACV now operates in 138 territories extending from coast to coast and will be in over 140 territories by year-end.
Hadden joins ACV Auctions with more than 25 years of auto industry experience with deep expertise in inventory management. In his new role as vice president of field operations, Hadden will manage field initiatives related to operations, training, strategic dealer group development and dealer association partnerships. He began his career in the industry as a lot porter and worked his way through every dealership department, holding positions such as line mechanic, service writer, new and used car sales, finance manager, sales manager and general manager. Most recently, Hadden worked at one of the traditional auction companies.
“Doug’s reputation in the industry is top-notch and his industry experience is unparalleled,” said Mike Waterman, chief sales officer, ACV Auctions. “We’re excited to welcome Doug to the ACV Auctions family.
“As we add senior leaders to the team, we are also proud to continue recognizing great work internally. Will has quickly grown from within the sales organization from territory manager to the company’s first regional sales director and now to area vice president east. We look forward to the positive impact these strategic sales team moves will have on the ACV marketplace.”
ACV states that its progressive approach to expansion has enabled the new territories to ramp up quickly, resulting in record sales for the organization. ACV sold over 24,000 wholesale vehicles in August on its auction platform, which represents nearly two percent of all vehicles sold today at auctions in the U.S, and now has over 900 teammates to support the growing business.
“We continue to grow rapidly across the country,” said George Chamoun, CEO of ACV Auctions. “Expansion west from Texas to California is ahead of plan. In one year, we have doubled our footprint in Texas and went from selling a few hundred vehicles per month to nearly two thousand. This growth demonstrates the value of our product and our ability to attract top talent in the industry.”
Texas Automobile Dealer Association President Bill Wolters added, “ACV Auctions has been very important for franchised dealers in Texas. Dealers are benefiting from the way ACV Auctions continues to transform the wholesale used car market with an efficient and transparent digital auction experience.”