Decisiv Commercial Vehicle Service Analysis Highlights
Following three consecutive quarterly decreases, combined parts and labor costs in the 2024 Q3 Decisiv TMC Benchmark Report rose 2.2%. The latest Quarter-over-Quarter (QoQ) data indicated increases in parts costs of 2% and labor expenses of 2.5%. The rise in costs in 2024 Q3 points to ongoing parts price increases, and higher labor costs resulting from mileage and tonnage levels driven up by traditional holiday season freight volumes.
Quarterly Trends for Parts and Labor Costs
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