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

In the Passenger's Seat with Dr. John Coles and Dr. Phil Schneider of ACV Auctions

December 17, 2024

In the Passenger's Seat with Dr. John Coles and Dr. Phil Schneider of ACV Auctions

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 Dr. John Coles, ACV's Vice President of Data Science & Analytics, and Dr. Phil Schneider, ACV's Sr. Director of Research & Development. The three of them discuss how AI is going to change the game for dealers in 2025 and beyond.

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December 16, 2024

Truck Driver Tax Deductions

Any truck driver who is an independent contractor or owner operator can save money during tax season by taking advantage of various deductions for business-related expenses, such as fuel, maintenance, and equipment. This guide outlines the most common eligible deductions.

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December 13, 2024

Trucking Expenses for Owner-Operators: A Complete Guide

Owner-operators in trucking face significant expenses, from fuel and truck maintenance to insurance and taxes. Understanding and managing these costs is crucial for profitability and success. This guide outlines the key expenses.

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December 10, 2024

Dealership Acquisitions in November 2024

November 2024 saw significant car dealership acquisitions across the U.S., with notable transactions by Braden Auto Group, Don Franklin Family of Dealerships, Atlantic Coast Automotive, and more.

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