What is the auto parts to vehicle price ratio?
1 Answers
Zero-whole ratio refers to the ratio of the total price of all installed parts of a vehicle to the manufacturer's suggested retail price (MSRP) of the whole vehicle, multiplied by one hundred, resulting in a percentage coefficient. The function of zero-whole ratio: Its purpose is to safeguard consumers' right to know and protect their legitimate rights and interests by making repair prices more transparent, providing a relatively scientific reference value for pricing in both the insurance and repair industries. Factors affecting zero-whole ratio: Products with a higher zero-whole ratio coefficient may require relatively higher maintenance costs during subsequent use. There are significant differences in repair prices among different car brands and models, especially for the same parts and components with the same functions within the same price range. The price of parts directly determines the cost of repairs. Even if the new car prices are the same, if consumers purchase models with higher zero-whole ratio coefficients, it means they may need to pay relatively higher maintenance costs during subsequent use.