F&I providers monitoring parts, labor inflation

The cost of vehicle maintenance and service rose 3.6 percent in March over a year earlier, according to the Bureau of Labor Statistics. (ISTOCK.COM\/IMAGES BY BARBARA\/GETTY IMAGES)

May 09, 2022 04:00 AM

The price of auto parts and the labor to install them jumped last year and continues to track above 2021 levels. In the case of parts, prices are even outpacing the national inflation rate.

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