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 row of used cars driving through flood waters

August 8, 2023

How to Avoid Buying Flooded Vehicles

Flooded vehicles can be a major problem, as they can be difficult to spot and can have serious damage that can lead to costly repairs. Here are six steps you can take to avoid buying a flooded vehicle.

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A customer hands over the key to a used car he plans to trade in.

August 2, 2023

Navigating Car Trade-Ins Without a Title

Accepting trade-ins is one of the best ways to increase car sales and your used car inventory. However, it can be challenging when a client doesn't have their car title. Read on to learn how to ask the right questions when getting trade-ins without a title to ensure compliance and protect your car dealership’s interests.

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A cell phone with the message "Go ahead, I'm listening..."

July 27, 2023

How AI Voice Assistant Can Help Your Dealership

AI voice assistants can help dealerships improve the customer experience and retain employees by handling repetitive tasks.

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A close up picture of a used car in a car dealership

July 26, 2023

How Much Profit Can You Make with a Car Dealership?

You might be wondering how much money you can make owning a car dealership. The bottom line is that a car dealership can be profitable, but there are risks with starting any business and factors that can impact how profitable you will be.

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