Over the last few months our purchasing people have told me that material costs have risen from 20% to 30%.
Today while picking up the weekly replacement parts for the Commodore my spare parts guy tells me that he is seeing price increases of 20%+ for February and is being told that a second round of price increases may occur in April.
He said that while some apply the price increase even on old stock, he will continue to sell his current stock at the old price.
Our local mechanics are telling us the same story.
Sounds like a good time to buy those spares before the price increases filter through.
My local parts store told me the same thing in earlier feb..well actually, i was buying oil and oil filter and the price of the oil had gone up by like $10...