Costs for parts and labor for fleet repairs rose over the first six months of the year, according to American Trucking Associations’ Technology & Maintenance Council and Decisiv Inc.
“The increases in costs for parts and labor reflect the changes taking place in the North American economy,” says Decisiv president and CEO Dick Hyatt. “Ongoing economic growth has led to a rise in freight volume and demand for carrying capacity. That is also being driven higher by the need to replenish supply chains that have been depleted due to manufacturing and distribution shutdowns during the pandemic. For fleets, that activity has increased vehicle mileage as well as meant the addition of more trucks, both of which drive up service activity. Higher parts prices may have contributed as well, but in all cases, we do not see a drop in efficiency and productivity taking place among the nation’s fleet maintenance or service provider operations. They are continually striving to maintain the highest possible levels of asset performance and uptime.”
- According to the Decisiv/TMC North American Service Event Benchmark Report, labor costs for repair and maintenance increased 2.6% between the first and second quarters in 2021 and overall parts costs increased by 2.8%. In that same period, parts costs for tires increased by 10.7% and transmissions part costs rose 9%.
- The three most significant changes between Q2 2020 and Q2 2021 were in lighting systems, which were up 17.4%, while transmissions costs rose 16.4% and brakes costs increased 11.1%.