So some significant technology and other resources there that we’re spending. And then broadly, when you think about taking the friction out, you want to make sure buyers are bidding on the right cars for them. So if it’s a higher risk asset or a lower risk, meaning more issues or less issues on that given vehicle, the condition report and other data from — that you get from that vehicle helps you create that magic. So long-winded answer to quite a bit on the — us working on improving condition rates. This is never done. like we can be on this call 10 years from now. We’ll talk about how we’re investing and globally matching up sellers and buyers, right, because you’re really working on this connection of any given asset, making sure it’s going from a seller to the right buyer.
On price and really I don’t think we could talk too much about that today, but I’ll say that we’ve said that we’ve got more room. And the way to think about that room is how you straddle pricing with value. meaning in our base offering today, we give buyers quite a bit of assurance. So it’s — you can’t compare it tit for tat to our competitors’ pricing. I mean the buyers get a certain level of assurance. And then in addition, we’ll start to offer some other buyer assurance initiatives. We have one product out there today. We’ll be launching more. So you’ll hear us talk probably more about that towards the end of the year. But for today, I’ll say that we do have some more room, Eric and probably more to come on that topic.
Tim Fox: Operator, we’re ready for the next question.
Operator: Our next question comes from the line of John Colantuoni with Jefferies.
John Colantuoni: Thanks for taking my questions. I hope I didn’t just break the system right there. Starting with want to start with guidance. So your outlook calls for a sequential acceleration in revenue growth in the next couple of quarters. Can you just break down your expectations for marketplace and assurance and services and data. And specific to marketplace and assurance, what’s embedded in your outlook in terms of conversion rates and listings? And what are sort of the key factors that could drive a delta relative to your expectations? . And then next question, just quickly on gross margins for auction and — sorry, transportation capital and other services. They moderated a little bit sequentially and I think that’s the first time they’ve moderated sequentially in two years.
And so maybe just talk a little bit about what drove that sequential moderation. And then related to that, talk about the opportunities to continue to drive the attachment rate for ACV capital higher over time? I know there’s a lot in there. Sorry about that.
Bill Zerella: John, it’s Bill. So let me answer the second question first. So what we saw in Q2 was yet another improvement in our transport margins quarter-on-quarter, which we just continue to execute at a really high level in terms of our transport business. So we’re pretty happy with that. So that was certainly part of it. Also on the capital side, keep in mind, in an increasing interest rate environment, we’re passing through those rate increases to our customers. So as I would expect all of our competitors are doing as well. And that’s a tailwind also in terms of margins. So those are the two dynamics with respect to marketplace services, okay? In terms of our guidance, so what I would tell you is we’re assuming that we continue to gain share this past quarter, based on our math, we gained — we gained share at the rate of 17% for Q2 which seems to be kind of the zone that we’ve been in for the last several quarters.
