Fleets with SUVs warned to keep close eye on parts spending

By / 9 months ago / Latest News / No Comments

Fleets running SUVs are urged to keep a close eye on parts spending as new data shows prices have risen fastest for SUVs.

Epyx says businesses operating large numbers of SUVs should keep a close watch on their parts spending

Automotive technology solutions specialist Epyx compared a basket of five common parts and found SUV part prices had seen higher increases than hatchbacks and saloon.

The data is taken from Epyx’s 1link Service Network, used by fleets totalling more than four million cars, vans and trucks to manage their service, maintenance and repair processes, working with thousands of franchise dealers, independent garages and fast fits.

For discs and pads, SUVs prices have risen by 37% since 2020, compared to 22% for hatchbacks and 20% for saloons. Similarly, for pollen filters, SUVs prices are up by 48%, against 41% for hatchbacks and 35% for saloons. Finally, when it comes to wiper blades, SUVs have seen a 25% increase versus 22% for saloons and 19% for hatchbacks.

Since 2020, inflation has risen by around 22% but the increases in the three categories where SUVs have seen the biggest jumps are well above this figure.

Other types of cars have also seen substantial increases in certain categories, For example, spark plugs for hatchbacks have risen by 37% against 29% for both saloons and SUVs.

Additionally, when it comes to commercial vehicles, van clutches have increased by 53% compared to 35% for hatchbacks and 42% for saloons.

However, SUVs have generally been hit harder by parts price increases than any other type of company car.

Tim Meadows, CCO at Epyx, said: “It’s difficult to know why this is the case. The disruption that has seen parts prices increase rapidly in recent years – from the effects of the pandemic through to the war in Ukraine – has been unpredictable and erratic, and it could just be that price pressures have randomly landed on SUVs, rather than it being any kind of intentional policy from manufacturers.”

The figures do show that businesses operating large numbers of SUVs should keep a close watch on their parts spending.

“While it is not possible to stop prices rising, it is still very viable to find the best value for your fleet, using technology of the type we offer through 1link Service Network,” Meadows added.

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.