Internal Parts Markup %

Internal Parts Markup %

Postby PartsPlant81 » Wed Aug 10, 2016 8:21 pm

I recently redid all of our pricing formulas since the list and trade price went away...almost all of my formulas are based off of cost now.
We used to charge List - 15% for all internal parts.
There were cases with accessories for stock units we would charge cost + 10%.
My owner was checking some of the markups and wants to come up with a formula somewhere in the middle of list - 15% and cost + 10% for internal markup.
He is consulting the 20 group average to help with his decision.
What do you do for internal parts markup?
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Re: Internal Parts Markup %

Postby Stevenspeaking » Wed Aug 10, 2016 8:23 pm

tires c+20%
accessories list - 15%
all other parts c + .5888% (however this should be retail in my opinion)
Last edited by Stevenspeaking on Thu Aug 11, 2016 11:56 am, edited 1 time in total.
sbrittain@mcgovernauto dot com
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Re: Internal Parts Markup %

Postby PartScott » Wed Aug 10, 2016 8:30 pm

We get GM list price for internal parts here. Anything other than GM gets billed at cost + 74%.
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Re: Internal Parts Markup %

Postby Zep33 » Wed Aug 10, 2016 8:38 pm

All internal parts are list price for us now. (Toyota - but in group of 23 other dealerships - all brands)

Used to be cost +10 so I'm pretty happy about this
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Re: Internal Parts Markup %

Postby LOKI1 » Wed Aug 10, 2016 8:48 pm

Tires are cost + 10 dollars
all else is cost + 35%
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Re: Internal Parts Markup %

Postby gmsubparts » Wed Aug 10, 2016 8:49 pm

cost + 25% on parts
cost + 10% on tires
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Re: Internal Parts Markup %

Postby JMShocker2010 » Thu Aug 11, 2016 12:18 pm

Retail on everything except accessories. (we run a matrix)
accessories are cost plus 20%
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Re: Internal Parts Markup %

Postby possum » Thu Aug 11, 2016 2:22 pm

Retail on all used cars services, new upsold accessories and preload accessories, ie. anything billed to the cost of the vehicle before it's sold. Only exception is body work parts for recon like emblems or moldings etc. These are usually billed on a counter ticket without an RO.
Cost +25% on we-owes like owners manuals or extra keys, policy work or anything sales is eating because it's after sale.
So its mostly counter tix that are cost +25%, and RO's at list.
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Re: Internal Parts Markup %

Postby Lutom » Thu Aug 11, 2016 3:48 pm

List for GM parts and accessories
Cost + 70% for aftermarket parts
Cost + $10.00 for tires
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Re: Internal Parts Markup %

Postby TimK » Wed Aug 17, 2016 2:04 pm

PartScott wrote:We get GM list price for internal parts here.

same here
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