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

October 4, 2023

How to Get a Car Dealer License in Connecticut

This step-by-step guide will walk you through how to obtain a dealer's license in the state of Connecticut.

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October 4, 2023

How to Get a Car Dealer License in Delaware

This guide will provide you with the step-by-step instructions to help you navigate through the requirements and procedures of obtaining a dealer's license in Delaware.

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October 2, 2023

How the UAW Strike Impacts Car Dealers

The United Auto Workers (UAW) strike against the Big 3 automakers has been making headlines. If you’re a car dealer, you’re likely wondering how this is poised to affect you and your business. We’ve gathered the key facts as they stand right now to help you get a sense of what’s at stake.

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A close up image of a used car in a showroom

September 25, 2023

5 Best Practices for a Vehicle Acquisition Strategy

With a shrinking supply of used vehicles, dealers must optimize their turnover to avoid imbalances on the lot, missed opportunities, and lower revenues. The article provides five best practices for improving vehicle acquisition strategies

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