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Replacement Parts

Granular Deep Dive on Why Parts Prices are Increasing

No one predicted the spike in replacement parts prices over the past several years nor the delays in getting out-of-stock parts. This assessment explains how these numerous price increases add up to big expenditures raising TCO.

Unscheduled Maintenance Costs Increase 3% in CY-2021

Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.

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