OEM Parts Cost Consumers a Bundle
Monday, December 13th, 1999 AutoA new study by the Alliance of American Insurers demonstrates that original equipment manufacturer (OEM) parts cost an average of 60 percent more than identical certified aftermarket parts. The new study is a follow-up to the Alliance‘s annual cost study of replacement parts, which has repeatedly identified the excessive cost of OEM parts by estimating the cost of rebuilding a car with these parts. This figure is typically triple the original manufacturer‘s suggested retail price. In 1999, the subject of the Alliance study was a new Toyota Camry LE. The manufacturer‘s suggested retail price was $23,263. However, if rebuilt with OEM parts, it was found that the car would cost $101,335.55--more than four times the original retail value.
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