Auto body repair prices rose 5.7% in July, far outpacing overall inflation. This highlights the vital role aftermarket collision parts play in keeping repair costs affordable for consumers. Tariffs on imported parts only make matters worse, driving costs higher and limiting choice.
– Ed Salamy, ABPA Executive Director
Source: CollisionWeek
Auto body prices have been up on a month-over-month basis since February.
The most recent government figures on inflation through July show the auto body repair prices were up versus June and July 2024. The rate of growth of auto body repair prices, a measure of the amount spent on body repairs across the U.S., is above the rate of general inflation for the third time this year.
The year-over-year (YoY) increase of 5.7% in July was the first time the rate was above 5% since the 5.9% increase in September 2023. July’s result was above the 4.4% YoY increase… read more on the CollisionWeek website
