BUFFALO, N.Y. -

ACV Auctions has redesigned its online buying experience, launching Marketplace 2.0 on Friday.

The revamped marketplace is designed to provide a more streamlined interface, customized alerts, real-time notifications on auction activity, as well as new options for searching, browsing and filtering.

“For dealers, time is money, and our platform enables them to make the most informed decisions in the least amount of time, maximizing their business potential and driving their bottom line,” ACV vice president of product solutions Greg Borowski said in a news release.

“ACV is committed to delivering on trust and transparency, and now we’ve added enhanced speed and efficiency, both of which dealers have been asking for,” he said.

“This redesign is the culmination of years of feedback from our dealer partners, analysis of our data and hard work by our engineers in order to enhance our digital wholesale marketplace so that it has a more intuitive interface and produces more streamlined transactions.”

ACV has added several new features to the marketplace, including a Saved Searches function that gives dealers the ability to have multiple and simultaneous filers. The interface also includes digital auction cards that let users see important information on cars upfront and then directly place bids.

Dealers can also “favorite” auctions through the Watchlist feature that lets them pin those sales to the screen and continuously monitor them.

“We listened to your feedback and delivered! Our dealer and commercial customers inspire the technology we’ve developed and we continue to take their important feedback to evolve our marketplace and roadmap,” ACV chief executive officer George Chamoun said in a news release. “Buying and selling wholesale vehicles online should be as easy as shopping on other digital experiences we have all come accustomed to. Dealers want the same functionally for wholesale; such as having multiple saved searches which collectively bring efficiency and accuracy.”

For more with ACV, see the episode of the Auto Remarketing Podcast below.

ACV co-founder Joe Neiman discussed the latest developments at the company, its expansion, being named one of Auto Remarketing's Best Auto Auctions to Work For and more.