Service Instances Enhance Whereas Upkeep Prices Rise – Upkeep
Prices for components and standard service duties rose once more after a hefty 7% improve in H1 2024 in comparison with H2 2023.
Welcome to the most recent installment of Fleet Knowledge Depot, which supplies snapshots of knowledge, developments, and evaluation related to the fleet market.
Whereas provide chain points have improved significantly within the second half of 2024 in comparison with the final two years, prices for components and upkeep proceed to rise, although at a moderated tempo.
Fleetio, a fleet upkeep administration software program supplier, has tabulated for Automotive Fleet the common providers and components prices for light- and medium-duty autos in its system. Fleetio customers uploaded this info through line objects inside work and restore orders.
This information set covers the third quarter of 2024 and compares it to the primary half of 2024. Fleetio information reveals that the “common time to resolve a problem” dropped 22.7% — from 11.08 to eight.56 days — in that timeframe.
This constructive pattern pertains to the stabilization of technician labor and the higher circulate of components.
Nevertheless, prices for components and standard service duties rose 4.2% on this interval, coming after a hefty 7% improve in H1 2024 in comparison with Fleetio information from H2 2023.
As many components have an effect on particular person fleet prices, this report is finest used to establish large-scale developments over time. It ought to provide readers a baseline in opposition to which to match present market averages and what they pay for providers and components.
Which Upkeep Prices Have Elevated?
The most important will increase in Q3 in comparison with H1 2024 occurred in these areas:
- Grease: 40%
- Tire alignment: 14.4%
- Flat restore: 12.2%
- Tire rotation: 10.5%
In lower than a 12 months, the price of grease has spiked 181%. Lithium is present in grease merchandise in addition to EV batteries, and demand for lithium is skyrocketing.
Which Upkeep Prices Have Decreased?
The most important decreases in Q3 in comparison with H1 2024 occurred in these areas:
- DOT inspection: -13.0%
- Washer fluid: -6.6%
- Hydraulic filter: -6.4%
- Brake rotors/discs -1.5%
Lots of the giant worth will increase seen within the final report, similar to typical oil change (+17.8%), refrigerant (+11.2%), and diagnostics (-1.2%) elevated reasonably or barely decreased.
Fleetio Upkeep Price Comparisons, Q3 2024 Vs. H1 2024
| Most Widespread Service Duties | Third Quarter | First Half | % Change |
|---|---|---|---|
| Air Conditioning Service | $155.68 | $150.64 | 3.3% |
| Air Filter Factor | $45.97 | $44.92 | 2.3% |
| Battery | $182.53 | $176.25 | 3.6% |
| Brake Inspection | $17.17 | $15.24 | 12.7% |
| Brake Pads | $160.30 | $156.71 | 2.3% |
| Brake Rotors/Discs | $300.43 | $305.10 | -1.5% |
| Cabin Air Filter | $43.85 | $42.99 | 2.0% |
| Coolant | $48.96 | $48.42 | 1.1% |
| Coolant Flush | $104.08 | $99.98 | 4.1% |
| Diagnostics | $217.38 | $217.59 | -0.1% |
| Diesel Gasoline Filter | $89.51 | $88.48 | 1.2% |
| Diesel Oil Change – Typical | $76.15 | $74.49 | 2.2% |
| Diesel Oil Change – Full Artificial | $104.37 | $102.71 | 1.6% |
| Diesel Oil Change – Semi Artificial | $112.94 | $111.00 | 1.8% |
| DOT Inspection | $99.75 | $114.66 | -13.0% |
| Drive Belt | $106.45 | $100.18 | 6.2% |
| Environmental / Disposal | $13.92 | $12.60 | 10.5% |
| Flat Restore | $27.93 | $24.89 | 12.2% |
| Gasoline / Water Separator | $79.07 | $79.15 | -0.1% |
| Gasoline Filter | $48.06 | $48.14 | -0.2% |
| Grease | $58.73 | $41.89 | 40.2% |
| Hydraulic Filter | $34.39 | $36.74 | -6.4% |
| Miscellaneous | $295.57 | $290.85 | 1.6% |
| Oil Change – Typical | $64.85 | $62.94 | 3.0% |
| Oil Change – Full Artificial | $67.54 | $64.24 | 5.1% |
| Oil Change – Semi Artificial | $51.65 | $51.98 | -0.6% |
| Rear Differential Service | $127.52 | $116.34 | 9.6% |
| Refrigerant | $89.60 | $87.47 | 2.4% |
| Exchange Brake Fluid | $88.69 | $89.59 | -1.0% |
| Highway Service | $259.05 | $250.30 | 3.5% |
| Store Provides | $30.23 | $29.76 | 1.6% |
| Spark Plug | $224.33 | $212.00 | 5.8% |
| State / Province Inspection | $29.02 | $27.97 | 3.7% |
| Tire Alignment | $121.46 | $106.19 | 14.4% |
| Tire Disposal Charge | $14.01 | $12.88 | 8.8% |
| Tire Substitute | $525.06 | $508.72 | 3.2% |
| Tire Rotation | $24.50 | $22.17 | 10.5% |
| TPMS Service Valve Equipment | $13.11 | $12.71 | 3.2% |
| Transmission Flush | $193.86 | $170.79 | 13.5% |
| Washer Fluid | $6.52 | $6.98 | -6.6% |
| Wheel Balancing | $58.41 | $54.13 | 7.9% |
| Windshield | $295.66 | $286.41 | 3.2% |
| Wiper Blade | $31.57 | $31.08 | 1.6% |
