What is the Parts-to-Vehicle Price Ratio?
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"Parts-to-Vehicle Price Ratio" refers to the ratio of the total price of all vehicle components to the manufacturer's suggested retail price (MSRP) of the entire vehicle, multiplied by one hundred, resulting in a percentage coefficient. Introduction to Parts-to-Vehicle Price Ratio: "Parts-to-Vehicle Price Ratio" indicates the ratio of component prices to the vehicle's MSRP, while the "50 High-Frequency Components Ratio" represents the sum of prices for 50 most frequently replaced parts during accident repairs divided by the vehicle's MSRP. These two coefficients help consumers clearly understand maintenance cost differences among various brands and models. Function of Parts-to-Vehicle Price Ratio: Its purpose is to safeguard consumers' right to information and protect their legitimate interests by making repair costs more transparent, while providing a scientifically comparative reference value for pricing in both insurance and automotive repair industries.