Decisiv Commercial Vehicle Service Analysis Highlight
Following a -1.4% drop in Q4 2024, combined parts and labor costs were unchanged in Q1 2025. Quarter-over-Quarter (QoQ) data differed from Q4 2024 in two ways. Parts costs continued to fall by -0.7%, although at half the decrease seen in Q4 2024, pointing to ongoing parts price stabilization. QoQ labor expenses rose 0.9% after falling -1.5% in Q4 2024, attributable in part to technician retention efforts focused on wage growth.
Quarterly Trends for Parts and Labor Costs
