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

Two mechanics working on a car in a service garage

January 23, 2024

What is Garage Keepers Insurance?

As you set your car dealership up for success, you will need to sign up for a variety of insurance policies. One of them is garage keepers insurance. But what is it and why do you need it?

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A car salesman shaking hands with customers

January 23, 2024

How to Become a Car Salesman

We’ve compiled a list to help you understand what a car salesman does and what you need to do to get the job.

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January 23, 2024

What You Need to Know About Garage Liability Insurance

If you are considering opening a car dealership and looking at getting coverage for all of your insurance needs, you might be wondering what’s garage liability insurance? In this article, we will break down what it is, who it’s for, and what it does and does not cover.

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In the Passenger's Seat with John Coles from ACV Auctions: Part One

January 16, 2024

In the Passenger's Seat with John Coles from ACV Auctions: Part One

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 John Coles from ACV.

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