The 2014 Mitchell Collision Parts Price Index, which tracks the rate of inflation for the entire market of parts, saw a typical increase across all parts types in 2014, according to data from the Mitchell Estimating database. Aftermarket parts experienced the largest index increase, which Mitchell attributes to the grade of part being chosen, not changes in the exchange rate. Mitchell expects that the continued rise will increase the opportunity to repair parts and could improve insurer discussions, as savings once obtained by used parts might no longer be as significant.
Visit go.mitchell.com/ITR to view the full Q1 2015 Industry Trends Report and sign up for free delivery of future Mitchell International Industry Trends Reports.
