Consumers hold onto vehicles longer as repair costs climb
Canadian Auto Dealer
SEPTEMBER 6, 2024
Interest rates and inflation are having a ripple effect on the cost of maintenance and repair in Canada, which in turn has influenced vehicle owners to keep their vehicles longer. Power’s study, 40 per cent of visits to dealerships and 24 per cent of visits to aftermarket shops were for repairs. That is according to J.D. Based on J.D.
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