WARRANTY PARTS MARKUP

Re: WARRANTY PARTS MARKUP

Postby memorial34 » Mon Nov 11, 2024 4:01 pm

Anyone know if this would work in WISCONSIN ?
memorial34
 
Posts: 19
Joined: Fri Apr 24, 2020 2:11 pm

Re: WARRANTY PARTS MARKUP

Postby 2longinparts » Mon Nov 11, 2024 5:23 pm

memorial34 wrote:Anyone know if this would work in WISCONSIN ?

Call Armatus. They can tell you if Wisconsin is in.
Michael W. Kilchenstein, Jr., Director of Sales
Direct: 443-391-5696
2longinparts
 
Posts: 279
Joined: Wed Nov 09, 2011 12:00 am
Location: INDIANAPOLIS

Re: WARRANTY PARTS MARKUP

Postby PartsPlant81 » Tue Nov 12, 2024 4:05 pm

New York: 82.12% Markup
PartsPlant81
 
Posts: 1033
Joined: Fri Apr 12, 2013 12:00 am

Re: WARRANTY PARTS MARKUP

Postby Fixed Ops Mgr » Wed Dec 04, 2024 10:31 pm

There are alot of "warranty uplift" companies in the game now but you must be careful when choosing one. Some will take an analysis of your current situation upfront and charge you an upfront fee (one time) to submit to the manufacturer to get the higher markup. Some will take a percentage of the additional warranty markup dollars they gain from you on an ongoing monthly basis and set their contract out for X number of months commitment that you work with them, most likely a minimum of twelve months. Just make sure that you interview the "warranty uplift" company that you choose in great detail before signing up with one so you understand all of the fine print and you will be able to choose wisely that will work best for your store(s).

I would highly recommend going ahead with the process as I have been through it with four different stores that I have worked at. I have been through it with three of the four big players in the "warranty uplift" game and they all have their pros and cons so you much choose which one works best for your situation. The last store that I was at that I went through the uplift with gained us an additional $28.00 per hour in labor and we went up to cost plus 98% on parts markup. Have your prior accounting / books in order and prepare to go through an accounting audit but it has always been worth it in my opinion.

I am in Minnesota.
Fixed Ops Mgr
 
Posts: 192
Joined: Sat Feb 25, 2017 5:32 pm

Re: WARRANTY PARTS MARKUP

Postby last8please » Fri Dec 06, 2024 6:15 pm

in Wisconsin and @ 81.55% warranty markup.
last8please
 
Posts: 145
Joined: Wed Oct 24, 2012 12:00 am
Location: Wisconsin

Previous

Return to Parts Managers

Who is online

Users browsing this forum: Google [Bot] and 21 guests