Persistent Inflation Issues Bring Repair Companies Opportunities, Challenges

• Recent reporting finds high inflation remains stubborn in some key areas
• Price concerns can deliver opportunities for repair companies versus replacement
• A challenge for repair companies will be acquiring replacement parts at affordable prices

According to Forbes.com - "Investors are receiving disappointing news once again as one popular inflation measure has come in higher than expected."

"The Labor Department reported (in mid-February) that the consumer price index, or CPI, rose 3.1% year over year in January, down from a 3.4% gain in December but above the 2.9% increase economists were expecting. On a monthly basis, the CPI gained 0.3% compared to economist estimates of a 0.2% gain."

It's not a stretch to say that consumers experiencing increased expenses due to higher inflation rates are looking to economize. Specifically for the appliance repair industry, even if they have the means to replace appliances, they may not want to, opting instead to repair when they otherwise might not.

Repair (versus replace) is a great tactic in a time where financial uncertainty is at work, and repair companies are the beneficiaries of this cautious approach. However, they need to get repair parts that with not eat away at profit margins, mainly to keep customer costs lower and not create conditions spurring customer dissatisfaction.

Real American Appliance Parts believes that the solution is to use genuine OEM (original equipment manufacturer) parts to ensure quality and efficient repairs, and we have the most competitive parts pricing on the Internet.

In times of financial change and uncertainty, look to increased business for repair professionals, and look to Real American Appliance Parts to facilitate the best parts at the best prices. Talk with us today to learn more.