Since replacement parts are non-discretionary, their declining sales share means that a growing portion of aftermarket sales consists of discretionary products.
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The 33 percent rise reflects increases in car repair parts and labor with labor costs rising 51 percent and parts 23 percent.
Eighty-four percent of diesel technicians say that paid vacation is a must-have benefit when evaluating a potential employer.
Acquisition includes First Brands Group key IP assets associated with filters, wipers, and spark plugs strengthening PGI's position across automotive maintenance categories.
Additional price increases may occur in the future as global market conditions including significant volatility and supply constraints continue to evolve.
Both vehicle prices and fuel costs are shifting consumer interest toward more fuel-efficient vehicles.
Gasoline prices climbed 21.2% month over month, adding a significant cost to household budgets. Auto repair costs also continue to increase.
