Why Car Repairs Are Getting So Expensive?

Auto repair costs have been rising for years, but recently they've spiked. Experts say it's likely a mix of factors including heavier, faster and more complex vehicles, riskier driving behavior, new technology, and labor and supply shortages. Repair shop owners say they can’t find enough technicians despite paying six-figure salaries. As technology marches forward, and fancy cutting-edge EVs fill the roads, consumers hear horror stories about huge repair bills. But insiders say there are reasons to be optimistic. Chapters: 00:59 Intro - Why car repairs are getting so expensive 01:08 Chapter 1 - The numbers 03:02 Chapter 2 - Collision costs rising 06:21 Chapter 3 - Technology 08:11 Chapter 4 - Labor and parts 10:37 Chapter 5 - The future Producer: Robert Ferris Editor: Darren Geeter Animation: Jason Reginato, Christina Locopo Senior Managing Producer: Tala Hadavi Additional footage: Getty Images, Rivian, Kia, Tesla