Overview

• Prices for auto replacement parts have increased by an average of 6.2% from August 2023 to August 2024, with some items like grilles experiencing over a 10% rise.
• Insurance companies are facing higher costs due to increased repair expenses, with the average damage claim rising from €2,500 in 2013 to €4,000 in recent years.
• The German Insurance Association reports that insurers incurred a loss of approximately €3 billion last year and anticipate a €2 billion deficit for 2024.
• Each insurance company will decide independently whether to pass these increased costs onto consumers through higher premiums.
• The price surge in auto parts is described as a long-term trend, largely independent of general inflation, with some parts doubling in cost over the past decade.