https://www.truckpartsandservice.com/maintenance/service-and-repair/article/15739410/trucking-parts-and-labor-costs-drop-to-close-out-2024
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
