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 driver presses the touch screen in his self driving car

May 13, 2025

The Best Self-Driving Cars of 2025

A ride in any of the following autonomous cars is sure to win drivers over to the benefits and comfort of self-driving. Let’s explore some of the best autonomous cars with self-driving features for 2025.

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May 1, 2025

How to Check Your DOT Number

Learn how to find or recover your DOT number using FMCSA tools, and what to do if your number is inactive or revoked.

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A close up of a headlight in a dealer parking lot

May 1, 2025

What Is AFIP Certification

AFIP certification is a recognized certification for F&I professionals that helps ensure dealerships follow state and federal regulations. This guide explains the certification levels, costs, and steps to get started, along with the benefits for dealerships.

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May 1, 2025

What is VIN Etching and How Do Car Dealerships Use It?

VIN etching is the process of engraving a vehicle’s VIN on its glass surfaces to help deter theft and potentially lower insurance premiums. It’s a simple service that dealerships can offer as a valuable upsell.

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