Much of ACV Auctions’ third quarter 2023 earnings call on Nov. 6 focused on supply of new and used inventory in the market, with CEO George Chamoun saying, “we have in our planning that the market returns by 2026.”

“Normal” and “normalize” were frequently used words during the earnings call, and Chamoun made that 2026 market return comment during the Q&A portion of the earnings call in response to a question on when ACV believes the industry will “normalize.”

Chamoun answered with ...