The shortage of mechanics hurts drivers in more ways than 1
Auto mechanics are one of the industry’s most essential aspects. After all, even some of the best new cars need early repairs. Unfortunately, there has been a shortage of adequately trained auto technicians over the past several years. This shortage has worsened since the pandemic, and it seems there is no end in sight. However, drivers should know that this shortage impacts them in more ways than one.
The lack of auto mechanics impacts drivers in several ways
Naturally, the shortage of auto mechanics impacts vehicle owners because it means they have to wait longer for repairs. While this is frustrating, it also impacts drivers because it means they could pay more for car insurance policies. Rates are increasing, and part of the blame goes to the lack of skilled technicians who work on cars.
The shortage of auto mechanics impacts car insurance policies because it means repairs are more expensive due to demand. Additionally, it may take longer for people to get their cars fixed after an insurance claim, so companies may have to pay more for rental reimbursements for policyholders. It’s also important to note that rates are expected to skyrocket again by the end of 2024.
There not being enough auto mechanics also means that people have less choice. This may not be the case for everyone, but many people are deciding to go with the first shop with availability instead of being as skeptical as they would have been in the past. The same is even true for service centers at dealerships as some have months-long wait lists for even the simplest of repairs.
Why is there a shortage?
As mentioned, even some of the best new cars have issues. Because of this, many wonder why there is a shortage of auto mechanics. One of the biggest reasons is that fewer people are graduating from programs related to the automotive service industry. According to MarketWatch, the number of graduates has fallen by about 20 percent since 2020.
The shortage also exists because auto mechanics from the Baby Boomer generation are retiring from the industry. This part of the equation is expected, but under different circumstances, enough people would join the industry to offset the retirements. Likewise, the turnover rate for the few people who are becoming mechanics is also a factor.
Of course, inflation also plays a part. Wages for most industries have not kept up with how expensive it has become to live. The automotive service industry is no different, and many people feel they can earn more by doing less physically demanding work. MarketWatch also predicts that the industry needs about 100,000 new mechanics each year until 2026 for more stability. However, this seems an unlikely goal, which means drivers will continue to feel the impact of fewer repair options.