Today, inflation continues to drive up prices across the automotive sector, including auto repair parts and labor costs. In fact, service contract repair claims have experienced double-digit increases, threatening the profitability of this vital source of revenue.In Assurant’s recent Global Auto Mechanical Repair Inflation Report, you’ll discover:
- What’s driving repair inflation
- Where repair inflation is trending now
- How employment trends drive up dealer costs
- How dealers can maintain F&I profitability in an inflationary environment
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