Over half of garages preparing to increase prices

More than half of garages are planning on increasing their prices according to a new survey.

The questionnaire, which was sent to garage aggregator WhoCanFixMyCar’s network of 15,000 garages, mobile mechanics and dealerships, asked businesses whether they would be raising their prices soon, and if so, what had influenced that decision.

The cost-of-living crisis was the biggest factor behind price increases, with 14.89% of garages citing it as the sole reason for charging more, compared with 11.7% citing the price of parts.

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Of the garages who said they would be increasing their prices, over half felt that both the cost-of-living crisis and the rising price of parts were major factors.

An additional 25% said they were considering charging more but hadn’t yet decided, reflecting the uncertainty that currently hangs over the UK economy.

Many motorists are already feeling the effects of soaring fuel prices and could soon see their finances stretched further by the impending increase in the costs associated with repairing and maintaining a car.

Al Preston, founder of WhoCanFixMyCar, explained the significance of the survey’s findings for motorists: “Naturally, older vehicles tend to need more repairs, so with prices set to rise over the coming months, drivers should consider booking their cars in for essential work sooner rather than later, as they could find themselves paying considerably more if they wait.  The supply chain is also under unprecedented pressure, so access to certain components may also become increasingly difficult.