Auto sector prices rise, Bank of Canada cuts rate
In looking at consumer price index data from key parts of the automotive industry, DesRosiers Automotive Consultants found that April 2024 painted a picture of increases — for the most part. “Leading the gains was insurance premiums, the CPI for which increased 6.8% compared to April 2023,” said DAC in its update. It also found that the gasoline category experienced a 6.1% increase, and critical maintenance saw prices jump 4.2%. Within that category, parts was up 2.9%. The takeaway: an automotive aftermarket that continues to see price increases. When it comes to vehicle prices, the story differs. The CPI for
In looking at consumer price index data from key parts of the automotive industry, DesRosiers Automotive Consultants found that April 2024 painted a picture of increases — for the most part. “Leading the gains was insurance premiums, the CPI for which increased 6.8% compared to April 2023,” said DAC in its update. It also found that the gasoline category experienced a 6.1% increase, and critical maintenance saw prices jump 4.2%. Within that category, parts was up 2.9%. The takeaway: an automotive aftermarket that continues to see price increases. When it comes to vehicle prices, the story differs. The CPI for
