Upkeep Prices Enhance 7% in H1 2024 – Upkeep
The price of grease, a key ingredient in engine lubricants, probably elevated as a result of it incorporates lithium — an important part in electrical automobile batteries.
Whilst we exit the worst of the provide chain points, prices for elements and upkeep companies proceed to develop — or no less than that’s what you suppose each time you open a brand new invoice from a vendor.
Now, you’ve acquired knowledge to match your prices to trade averages.
Fleetio, a fleet upkeep administration software program supplier, has tabulated this complete record of common companies and elements prices for light- and medium-duty automobiles from its system.
Fleetio customers uploaded this data through line objects inside work and restore orders. The information covers the primary half of 2024 and compares to the second half of 2023.
As many components have an effect on particular person fleet prices, this report is finest used to determine large-scale tendencies over time. It ought to supply readers a baseline in opposition to which to match present market averages and what they pay for companies and elements.
Insights into Upkeep Value Will increase
Listed here are insights into a few of the double-digit value will increase:
Oil Modifications: The price of a diesel oil change (typical) really went down (16.1%) within the first half, whereas the price of a daily gasoline oil change (typical) went up (17.8%).
You may suppose that these companies can be equally costly, however understand that diesel service prices 68% greater than gasoline. The costs of diesel and gasoline have dropped because the second half of 2023, although diesel costs have dropped much more.
Refrigerant (11.2%): The price of refrigerants has been spiking just lately because the manufacturing stepdown of sure sorts of refrigerants is taking impact as a part of new environmental rules.
Environmental/Disposal (16.8%): That is probably a pass-through based mostly on what distributors cost the upkeep store to get rid of waste.
Diagnostics (12.1%): The price of technician’s labor is ever-increasing.
Washer Fluid (17.6%): This value enhance shouldn’t be simple to determine, although as an add-on service, it might be a manner for retail chains to make up for earnings misplaced on a traditional gasoline oil change.
Grease (100% enhance): Grease costs skilled essentially the most alarming value enhance. One motive could also be that lithium is present in grease merchandise, and demand for lithium, a essential part in electrical automobile batteries, is about to extend by an element of 5 over the following 5 years.
Total, costs rose 7% within the first half of 2024 over the second half of 2023, or 4.8% with out together with the extreme value spike in grease.
Fleetio Upkeep Value Comparisons, H1 2024 Vs. H2 2023
| Most
Widespread Service Duties |
Common Service Value | H2 2023 | % Change |
|---|---|---|---|
| Air Conditioning Service | $150.64 | $139.66 | 7.9% |
| Air Filter Component | $44.92 | $42.36 | 6.1% |
| Battery | $176.25 | $172.12 | 2.4% |
| Brake Inspection | $15.24 | $14.04 | 8.6% |
| Brake Pads | $156.71 | $152.11 | 3.0% |
| Brake Rotors/Discs | $305.10 | $279.13 | 9.3% |
| Cabin Air Filter | $42.99 | $41.64 | 3.2% |
| Coolant | $48.42 | $46.63 | 3.8% |
| Coolant Flush | $99.98 | $98.00 | 2.0% |
| Diagnostics | $217.59 | $194.10 | 12.1% |
| Diesel Gasoline Filter | $88.48 | $83.52 | 5.9% |
| Diesel Oil Change -
Typical |
$74.49 | $88.80 | -16.1% |
| Diesel Oil Change – Full
Artificial |
$102.71 | $100.79 | 1.9% |
| Diesel Oil Change – Semi
Artificial |
$111.00 | $104.53 | 6.2% |
| DOT Inspection | $114.66 | $111.83 | 2.5% |
| Drive Belt | $100.18 | $96.00 | 4.4% |
| Environmental / Disposal | $12.60 | $10.79 | 16.8% |
| Flat Restore | $24.89 | $24.62 | 1.1% |
| Gasoline / Water Separator | $79.15 | $74.75 | 5.9% |
| Gasoline Filter | $48.14 | $48.19 | -0.1% |
| Grease | $41.89 | $20.92 | 100.2% |
| Hydraulic Filter | $36.74 | $35.59 | 3.2% |
| Miscellaneous | $290.85 | $289.00 | 0.6% |
| Oil Change -
Typical |
$62.94 | $53.43 | 17.8% |
| Oil Change – Full
Artificial |
$64.24 | $61.71 | 4.1% |
| Oil Change – Semi
Artificial |
$51.98 | $50.13 | 3.7% |
| Rear Differential
Service |
$116.34 | $114.70 | 1.4% |
| Refrigerant | $87.47 | $78.66 | 11.2% |
| Substitute Brake Fluid | $89.59 | $85.67 | 4.6% |
| Street Service | $250.30 | $234.60 | 6.7% |
| Store Provides | $29.76 | $27.78 | 7.1% |
| Spark Plug | $212.00 | $203.34 | 4.3% |
| State / Province
Inspection |
$27.97 | $25.93 | 7.9% |
| Tire Alignment | $106.19 | $102.13 | 4.0% |
| Tire Disposal Price | $12.88 | $12.50 | 3.0% |
| Tire Substitute | $508.72 | $504.25 | 0.9% |
| Tire Rotation | $22.17 | $20.29 | 9.3% |
| TPMS Service Valve Package | $12.71 | $11.75 | 8.1% |
| Transmission Flush | $170.79 | $175.27 | -2.6% |
| Washer Fluid | $6.98 | $5.93 | 17.6% |
| Wheel Balancing | $54.13 | $52.63 | 2.9% |
| Windshield | $286.41 | $278.45 | 2.9% |
| Wiper Blade | $31.08 | $31.94 | -2.7% |
