Abstract: A bushing extractor/installer apparatus for extracting an existing bushing having an axial throughbore from a vehicular suspension spring and installing a replacement bushing therein. The apparatus comprises a threaded rod, a shell portion, and a pair of circular disks: one disk for extraction of the existing bushing, the other disk for installation of the replacement bushing. The threaded rod is slidably sequentially inserted through a hydraulic ram having a throughbore, the shell portion with a cavity thereof being directed toward the bushing to be extracted, the bushing and the extraction disk. The shell portion being larger than and the extraction disk being smaller than the spring opening containing the bushing, the ram, in cooperation with the threaded rod and the extraction disk, urges the bushing into the cavity of the shell portion.