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Car ownership is getting more expensive due to rising repair costs
![Car ownership is getting more expensive due to rising repair costs](https://www.stockwaveinsights.com/wp-content/uploads/2024/02/104457418-GettyImages-494974944-780x470.jpg)
Auto repair costs have been rising for years. But recently they’ve spiked. Experts say it’s likely a mix of factors: heavier, faster and more complex vehicles, riskier driving behavior, new technology and labor and supply shortages. Repair shop owners say they can’t find enough technicians despite paying six-figure salaries. As technology marches on, and fancy cutting-edge EVs fill roads, consumers hear horror stories about huge repair bills. But insiders say there’s reason to be optimistic.
13:43
Sun, Feb 11 20247:55 AM EST
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