FOX Business' Jeff Flock reports on the 33% rise in auto repair costs across the past four years.
There's no such thing as a tiny repair anymore, thanks to skyrocketing auto repair costs and more complicated cars.
Translation: A small fender bender could mean hundreds or even thousands out of pocket just to get back on the road again.
Data shows the average cost of repairs for gas-powered vehicles comes in at a whopping $4,696, with repair costs for electric vehicles edging out that expense at an average cost of $6,018.
While inflation is partially to blame, increasingly complex vehicles hitting the road poses another issue.
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Various car parts and accessories. Auto repairs are becoming more expensive thanks to inflation and increasingly complex vehicles. (istock / iStock)
"This is a sensor that goes behind the bumper in front and detects a possible collision," Andrey Shumylo, owner of Shums Auto Repair in the Philadelphia suburbs, said as he showed FOX Business' Jeff Flock an automotive part taken from a vehicle inside his shop.
Shumylo said the driver came in after his car was "bumped" and the dashboard alerted him that the collision warning system needed to be serviced.
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FOX Business' Jeff Flock and Andrey Shumylo, owner of Shums Auto Repair, discuss a car sensor that could cost a vehicle owner $900 plus the installation cost to repair. (FOX Business/Varney & Co. / Fox News)
"When we scan the codes, it was saying that the sensor went bad," he explained. "The sensor actually says it right on its side… so this could be damaged by not just physical damage, but just bumping."
The cost of the part alone is $900. Combine that with installation costs, and you could be forking over $500 or $600 extra, according to Shumylo.
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Average repair prices for electric vehicles outpaced the average cost for gas-powered alternatives. (Photo by Silas Stein/picture alliance via Getty Images / Getty Images)
"Every year, cars get more complicated. We want more creature comforts. We also want more safety, so all these systems are being added, and technicians need to be able to work on those systems, program computers, figure out complicated electrical issues," he said.
"These things get tight under the hood, so, the bigger the engine, the less room you have to work on it, so it takes longer."
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High-tech cars drive up prices, turning auto repairs into major investments - Fox Business
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