Pass
Actual Cash Value ✔✔The amount of money invested in the purchase and repairs of a used
vehicle. Also known as ACV, this represents the amount of out of pocket expense a dealer or
broker is "into" a car.
Advanced Driver-Assistance Systems (ADAS) ✔✔Systems developed to
automate/adapt/enhance vehicle systems for safety and better driving. These safety features are
designed to avoid collisions and accidents by offering technologies that alert the driver to
potential and or avoid collisions by implementing safeguards and taking over control of the
vehicle.
After Market Auto Accessories ✔✔Are any accessories manufactured for a car by a company
other than the vehicle's manufacturer that are not sourced by the manufacturer.
American Automobile Labelling Act (AALA) ✔✔Regulations requiring vehicle manufacturers
to include content information on vehicle labels for cars and trucks for sale in the U.S. after
October 1, 1994.
, ASE ✔✔National Institute for Automotive Service Excellence
Auction ✔✔A sale of used vehicles operated by independent auction houses or vehicle
manufacturers. Generally, auctions are not open to the public and may be limited to dealers in a
specific type of vehicle. Auctions provide an opportunity for dealers to dispose of slow moving
vehicles or acquire additional inventory for sale.
Autonomous Technology ✔✔Refers to machines that act independently of humans. They may
do things we find boring or don't like doing, or behave in ways that mimics humans.
Autonomous Vehicle ✔✔Is one that can drive itself from a starting point to a predetermined
destination in "autopilot" mode using various in-vehicle technologies and sensors, including
adaptive cruise control, active steering (steer by wire), anti-lock braking systems (brake by wire),
GPS navigation technology, lasers and radar.
Back end ✔✔The fixed operations of an automobile dealership; i.e. body shop, service
department and parts department.
Base Price ✔✔The cost of a vehicle without options, but including standard equipment, factory
warranty, and freight.