Used Vehicle Market Dynamics: Fluctuations in the supply and demand for used vehicles in the wholesale market directly impact ACV Auctions' sales volumes and profitability. A decrease in supply, for example, can pose a significant threat.

Interest Rate Environment: Changes in interest rates can affect consumer auto loan rates and dealer financing (ACV Capital). Higher rates may dampen consumer demand for vehicles and increase financing costs for dealers, potentially slowing down transactions on ACV's platform.

Overall Economic Growth and Consumer Confidence: A strong US economy and high consumer confidence, indicated by job growth, can lead to increased demand for new and used vehicles. Conversely, global growth downgrades and conflicts can reduce consumer spending on big-ticket items like cars, impacting the automotive industry and ACVA.