Matrix pricing is a system that uses multipliers to determine the selling price of a part used in a repair order. Successful auto shop owners implement matrix pricing on parts from the beginning, but it's never too late to start using the strategy.
If you’re failing to price your parts accordingly, you may be losing out on thousands of dollars in potential profit year after year.
Many management systems have the ability to program a parts pricing matrix, but they're not always used to the fullest extent or not programmed properly based on strategic calculations.
Over the past 50+ years, we've served many auto repair shops. The templates include tables we use to help our automotive repair shop clients see the benefits of matrix pricing: one for pricing aftermarket parts and one for using OEM parts from a dealer.