ACV Auctions has announced that Michael Waterman is the company’s new vice president of sales.

Waterman, who began his career managing dealerships, has been part of the auto industry for more than 20 years. He most recently served in product and sales management roles with DealerSocket, Dealertrack and ADESA.

"Michael's success working with dealerships is proven," said ACV chief executive officer George Chamoun. "His background running dealerships, consulting dealers on technology and helping them enhance their wholesale operation is a very unique combination. We are very proud to have Michael lead our sales in dealerships."

Additionally, ACV Auctions said the auto industry veteran brings extensive experience in market development, hiring top sales talent and working with dealerships to strengthen their wholesale process.

"I am very excited to join ACV Auctions, an already proven better way to buy and sell wholesale vehicles," said Waterman. "My objective is to bring ACV Auctions to car dealers throughout the country, with the goal of maximizing their return on wholesale vehicles. ACV Auctions was created with these needs in mind."

Waterman is expected to join the rest of the ACV executive team, including Chamoun and founder Joe Neiman, at Used Car Week, coming up Nov. 14-18 at Red Rock Resort, Casino and Spa in Las Vegas. Chamoun is scheduled to present during the CPO Forum on Nov. 14 on the benefits of using mobile technology to save time and money.

In September, ACV recruited Chamoun after securing $5 million in venture capital funding to scale the fast-growing company.