CarMD recently released its third annual Vehicle Health Index study, and the results showed some good and bad news for drivers. The good news is cars and their individual parts are being built to last. Many vehicles are able to go longer without the need for standard tune ups or repairs, and when small issues do arise, drivers are taking care of maintenance themselves.<\/p>\n
There was also some positive news for hybrid owners, as the cost of repairs on these environmentally friendly automobiles is dropping. As more hybrids enter the mainstream, their parts are becoming easier to get and professionals are more familiar with methods of fixing them, which helps reduce overall costs. <\/p>\n
"The broad findings in the CarMD Vehicle Health Index can empower consumers to extend vehicle life through informed repair and maintenance decisions," said Ieon C. Chen, CEO of CarMD. "Whether you make repairs yourself or seek service from a trusted professional, the most common check engine-related repairs demonstrate that addressing small problems early is key to saving time and money." <\/p>\n
Not all of the news was positive for drivers, however. In the past year, the average cost of repairs has risen 10 percent. The price of individual parts is up 6 percent and labor costs grew by a whopping 17 percent, and the most expensive and extensive forms of car repairs – called "catastrophic" repairs – increased in frequency by 24 percent. <\/p>\n