The price of spare parts has increased by 44% since 2013

A new report fromGerman Insurance Association suggests that this inflation applies to an even higher degree for spare parts. Their price has increased by just over 44% since 2013.

Cars are getting more and more expensive over the years. But that’s not all ! The parts market is described as a “near monopoly” which means that the few big suppliers involved don’t need to lower the prices because there isn’t much competition between them. Automobile manufacturers have patented the exterior design of their models, which makes it very difficult to produce spare parts for third-party companies. Thus, workshops and individuals are forced to buy original components from the manufacturer at a fixed price.

According to our colleagues at Automobilwoche, the German Insurance Association says parts prices have increased an average of six percent every year since 2013. It may not sound so dramatic, but this trend continues over and over again. , which makes a big difference in repair costs.

Repair more expensive than purchase?

Between 2013 and 2021, auto parts prices in Germany increased by an average of 44%, while inflation over the same period was estimated at 13%. Specifically, a part such as a trunk has become 60% more expensive while a tail light has increased by 67% over the past eight years.

In addition, according to the German Insurance Association, the average cost of repairs for insurance companies was 3,100 euros in 2020, 700 euros more than in 2013.

Source: – L'info en continu by

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