As New Vehicle Prices Soar, Auto Shops Report Spike in Car Repairs
The price of a new car has drastically increased since the pandemic. As a result, local auto repair shops report an increase in business from people wanting to fix their vehicle instead of purchasing a new one.
Victory Auto Service in Brooklyn Park reports as high as a 50 percent uptick in business.
“It’s funny because people are like, ‘this car wouldn’t have been worth it to me, but now it’s my baby. I really have to treat this car special,'” said Jordan Matt, with Victory Auto Service. “That’s what they are saying now whereas a few years ago, it was trade it in for something else.”
Repair shops also have to cope with supply-chain issues. Matt says these impact brakes, batteries and sometimes bulbs.
“If we can call multiple vendors or try to find it down the street or get an overnight from Chicago, we’ll do that for our customers just to get it back on the road quicker,” said Matt.
A good rule of thumb? If the repair will cost more than a year’s worth of monthly payments, then it’s probably time for a new ride.