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

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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A close up of a car light parked in a dealership

October 31, 2024

Dealership Acquisitions in October 2024

October 2024 saw major dealership acquisitions across the U.S., with four notable transactions from Texas to New York. Some dealerships were acquired by larger holding groups, while others changed hands between family-run businesses.

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In the Passenger's Seat with Dean Jackson of Keller Chevrolet

October 31, 2024

In the Passenger's Seat with Dean Jackson of Keller Chevrolet

ACV’s Matt Mitteldorfer puts a new guest in the passenger seat each episode to discuss what they are seeing in the automotive industry. This episode he meets with Dean Jackson of Keller Chevrolet to unpack what it takes to succeed in the automotive industry today.

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