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It has been more than two weeks since Russia invaded Ukraine which has resulted in a number of car manufacturers pulling out of Russia and pledging support for Ukraine. There are also fears that car repair costs could be impacted by the war as a result of global supply chain issues.
Fleet Assist believes there will be little impact on the supply chain logistics for far moving parts.
However, costs are set to increase which will translate into higher repair costs over the coming months.
The group say they are closely monitoring the supply chain in respect to parts availability through close communication with franchised and independent dealer networks and parts suppliers.
Vincent St Claire, Fleet Assist’s managing director, explained that the invasion of Ukraine has led to issues with importing car parts.
He said: “The main Ukrainian parts industry comprises vehicle wiring looms and gas production that supports the manufacture of semiconductors.
“This is going to cause issues with the supply of major components supplied to many vehicle manufacturers which will impact new vehicle production.”
Mr St Claire continued, saying that Fleet Assist was in regular dialogue with all elements of the supply chain.
The organisation want to keep their customers informed with regular updates so they can consider any tactical changes required to mitigate a potential impact on drivers.
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There are also fears that car prices will also increase in Europe.
Ukraine has become an important manufacturing hub for certain components, which have been used by European manufacturers.
One key component in particular, cable harnesses, are consistently manufactured in Ukraine, with many car makers looking elsewhere for the vital car part.
Georges Dieng, Director of Corporate Ratings, warned that car prices could increase as the war continues.
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