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 person changes the channel with a remote control

August 21, 2024

Our Favorite Car TV Ads from the 1990’s to Today

We're showcasing our top selections of the most iconic car TV commercials from the 1990s to today. We've carefully chosen standout television ads from each decade that left a lasting impact.

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August 16, 2024

Top Selling Used Cars at ACV Auctions in July 2024

July 2024, the Ford F-150 and Chevrolet Silverado 1500 led ACV Auctions' top-selling vehicles, with compact SUVs and reliable sedans like the Honda Accord and Toyota Camry also making strong showings.

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August 12, 2024

The Best Used Luxury Cars for Dealers to Stock

The hunt for the most reliable used luxury car isn’t always easy, but a well-stocked lot will make your customer’s experience much more positive. From the best luxury compact cars to the best used luxury sedan, consider these options for your dealership.

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An Automotive Service Manager looking at an engine

August 5, 2024

How to Become an Automotive Service Manager

An automotive service manager is essential to a dealership's success, responsible for overseeing the service department's operations, building customer relationships, and managing staff. They handle budgeting, compliance, inventory, and customer interactions to ensure a positive experience and efficient service. To become a service manager, relevant experience, strong leadership, problem-solving skills, and occasionally specific certifications are highly valued.

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