Decisiv Commercial Vehicle Service Analysis Highlight
After rising in the previous quarter, following three consecutive quarterly decreases, the Q4 2024 Decisiv Commercial Vehicle Service Analysis Report shows that combined parts and labor costs fell by -1.6%. Lower costs in Q4 reflect an expected drop in service activity following traditionally higher pre-holiday freight volumes in the third quarter of each year. The latest Quarter-over-Quarter data also indicated decreases in parts costs of -1.5% and -1.9% in labor expenses, pointing to stabilizing parts prices and a replenished supply chain, and less turnover in the ranks of technicians.
Quarterly Trends For Parts and Labor Costs
