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Everything related to car ownership is becoming more expensive. In addition to the price at the time of purchase, insurance is also required, and now maintenance costs have also increased.
mitchellThe auto repair software company says there are several reasons why consumers pay more for repairs.
heavier vehicles. The increasing complexity of new cars, changes in materials and manufacturing methods, and the resulting shortage of mechanics. COVID-19 (new coronavirus infection).
New figures show car repair costs are now in line with the cost of inflation. From November 2013 to November 2023, vehicle maintenance increased by 4.1% annually.
Mitchell said repair costs have increased from 3.5% to 5% annually since COVID-19.
from matt moore Highway Loss Data Institute He said collision insurance claims are increasing.
There are several factors as to why costs have increased.
Vehicles today are heavier than they were in the 1980s. they are more powerful. Speeding violations and traffic accidents are on the rise.
Another reason why car repairs are more expensive is because of the increasing number of computers installed in cars.
“Automotive computerization has been developing slowly for decades, but has changed ‘dramatically’ in the last decade. “We could see the same type of accidents that happened 10 years ago,” Mitchell’s Ryan Mandel said. However, some of the vehicles affected now have additional sensors that may need to be replaced.
The average cost for an auto repair in 2019 was just under $50 an hour, Mitchell said. As of early 2024, the hourly wage is just around $60.
Parts prices also rose during the government shutdown in 2020 and when states gradually began to reopen.
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