ACV Updates | ACV Auctions

Car Insurance Rates: What’s Behind the Rapid Increase and the Impact on Car Dealers?

Car insurance premiums have surged by 21% in the past year, with post-pandemic factors such as inflation, higher repair costs, and an uptick in severe accidents fueling the increase. As a result, consumers are finding it harder to afford coverage, leading many to opt for lower-priced vehicles.

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Other Articles

Top 5 Coolest Cars of the Month for November

November 20, 2024

Top 5 Coolest Cars on ACV Auctions in November 2024

For November, we’re leaning into a more modern vibe with our selections. Our “oldest” pick is only 37 years old, and the “youngest” is just 4 years old. These aren’t classics—they’re just cool cars.

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November 12, 2024

How to Renew Your Texas Auto Dealer License

Each state has its own regulations for obtaining and renewing auto dealer licenses. Learn how to renew your Texas Auto Dealer License.

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A BDC Manager head set on top of a computer

November 8, 2024

What Is a BDC Manager and How Do You Become One?

A BDC manager manages a team whose job is to generate and nurture leads, enhance customer satisfaction, and ultimately drive sales growth for the dealership. In this article, we’ll outline tasks and duties of a BDC Manager and what you should look for in candidates as you hire.

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November 8, 2024

Why Have Used EVs Depreciated in Value?

Used EV prices have dropped sharply, with values down 25% since early 2023, largely due to aggressive price cuts on new models and increased leasing incentives.

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