The price of car parts is up more than 300% in the Phoenix metro area since February 2017, according to data from the Phoenix-based company Phipps Inc., which is selling car parts.
The average price of a full-size, one-piece body kit is up about 50% since the beginning of 2018, according the data, and the average price for a half-size body kit has increased about 30% since then.
A full-sized kit with a car engine, transmission, brakes, radiator, lights and other parts is about $7,900 at current prices.
That includes parts that are part of a vehicle and can be sold to anyone with an approved dealer license, said PhippS President Steve Nadel.
He said he expects prices to rise further as new parts are added to the market.
Phipps also reported Thursday that car parts makers had reported a net loss of $1.2 billion in the last 12 months.
Nadel said Phitts expects sales to remain flat, with prices rising about 1% in 2018.
“I expect sales to continue to decline this year, and I expect it to remain low,” he said.
More: Read more about Phoenix’s rising car parts costs and Phoenix’s car-parts shortages.
Phoenix car parts shortage: What to knowAbout 20% of the city’s auto parts stores are either closed or shut down.
The city is considering a plan to close about 30 of them and is hoping to sell more than a dozen others by the end of 2019, said Councilwoman Lisa Henson.
We are going to have to do a lot of work in the coming years to help make it work, she said.
Read more: What is Phoenix’s exploding car-part industry?