A method is provided for extending the service life of a used metallic compressor wheel having a damaged surface. The method generally comprises the steps of inspecting the used compressor wheel for material discontinuities such as fatigue cracks and, if fatigue cracks exceeding a predetermined length are not present, renewing the used compressor wheel such as by peening. The inspection process comprises conducting a non-destructive examination of the used compressor wheel to detect cracks larger than those which would fall generally within the compressive stress zone that is generated by peening.