Rates set to rise by an average of 8.4%, the highest in 6 years, due to an increase in car repair costs and claims.
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Parts and labor volume of DIFM light vehicle market increased during 2021 and 2022 following the 2020 pandemic of COVID-19.
In another projection, e-commerce sales of automotive parts hit $37.6 billion in 2022 and are forecast to grow to $47.9 billion in 2025.
Nearly 7 in 10 looking to purchase an EV in the U.S. expect to pay less than $50K for their next vehicle.
View the nation’s top 10 largest weekly decreases and top 10 least expensive markets; today’s national average of $3.22 is 20 cents less than a month ago.
Federal lawmakers are signaling unprecedented support for protecting consumers’ right to repair their cars as part of the newly unveiled $1.7 trillion government funding package.
Cars and light trucks at least 14 years old represent one of the fastest-growing VIO segments.
