Majority of garages planning price increases, research finds

Cost-of-living crisis and rising price of parts are most commonly cited reasons

Majority of garages planning price increases, research finds
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Some 57 per cent of garages are planning to increase prices according to a survey conducted by WhoCanFixMyCar.

The survey, which was sent to WhoCanFixMyCar’s network of over 15,000 garages, mobile mechanics and dealerships, asked businesses whether they would be raising their prices soon, and if so, what had influenced that decision.

The cost-of-living crisis was the biggest factor behind price increases, with 14.89 per cent of garages citing it as the sole reason for charging more, compared with 11.7 per cent citing the price of parts.

Of the garages who said they would be increasing their prices, over half felt that both the cost-of-living crisis and the rising price of parts were major factors.

An additional 25 per cent said they were considering charging more but hadn’t yet decided, reflecting the uncertainty that currently hangs over the UK economy.

Many motorists are already feeling the effects of soaring fuel prices and could soon see their finances stretched further by the impending increase in the costs associated with repairing and maintaining a car.

Al Preston, founder of WhoCanFixMyCar, said: “Naturally, older vehicles tend to need more repairs, so with prices set to rise over the coming months, drivers should consider booking their cars in for essential work sooner rather than later, as they could find themselves paying considerably more if they wait.

“The supply chain is also under unprecedented pressure, so access to certain components may also become increasingly difficult.”

2 Comments

  1. Great let’s all stuff our prices up

    Reply
  2. The rising cost of parts will inevitably affect a garage’s prices, as the increase has to be passed on. The most relevant affect, surely is the labour rate. Any business who’s overheads are increasing will have to reflect that in the cost that they charge to the customer in their hourly rate. We will have to pay our technicians more if we want to retain them and of course that means paying more into the pension scheme. Also energy costs have to be considered along with consumables and responsible waste disposal for example. If these costs are not offset by an increased labour rate, profits will dwindle. I will be adjusting my labour rate soon and may to lose some work as a result, however it is necessary to stay ahead of the curve and keep profits healthy for future investment.

    Reply

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