We’re excited to introduce an industry-leading Price Index for all suppliers on PartsTrader. This enhancement is designed to provide suppliers with more accurate insights into the competitive dynamics of their market.
What’s Changing:
- On March 31, PartsTrader will replace the existing alternative price from the estimate with a data-driven price index.
Key Benefits:
- Accurate Market Intelligence: Leverages real marketplace data to determine if there is competition on a given part and what it can be purchased for.
- Real-Time: Uses real-time information specific to the repairer’s location.
- Increase Sales: Helps you increase sales by showing when there is no/low competition.
- Secure: Cannot be overridden by repairers or third-party programs.
- Trusted & Fair: Unlike the information from the repairers’ estimates, the Price Index prevents an individual supplier’s pricing from being shared with competitors.
How it Works
- The “Price Index” will replace the “From Estimate” price and will only display when a repairer has written an alternative part on the estimate.
- The Price Index will only display a price when multiple alternative options can be found in the local marketplace, which are allowed based on the carrier’s part policy.
- The Price Index displays $1 when competition exists but there is insufficient data to construct an index based on the repairer’s location.
- The Price Index doesn’t display if no alternative options are found.
FAQs
What’s Going On?
- Due to industry changes affecting multiple vendors and platforms, PartsTrader is updating the information it provides to suppliers.
- Starting March 31, 2025, PartsTrader will no longer provide suppliers with the Estimate List Price for alternative parts from repair estimates.
- Instead, we’re introducing our industry-leading Price Index for all suppliers.
What is the Price Index?
- The Price Index is created in real-time whenever a repairer sends out a quote request.
- It uses PartsTrader marketplace data to assess if there’s competition for a part and the expected market list price.
- This new feature replaces the estimate list price for alternative parts that is currently shown from repairers’ estimates.
Are There Benefits for Suppliers?
- Accurate Market Intelligence: Leverages real marketplace data to determine if there is competition on a given part and the expected market list price.
- Real-Time Information: Access up-to-date information specific to the repairer’s location.
- Boost Sales: Enables suppliers to increase sales by identifying when there’s no or low competition.
- Secure: The Price Index cannot be overridden by repairers or third-party programs.
- Trusted & Fair: Unlike repairers’ estimates, the Price Index ensures suppliers’ pricing isn’t shared with competitors.
Will Dealers Still Be Able to Access Conquest Pricing?
- PartsTrader is working directly with OE Manufacturers to explain the benefits of the Price Index.
- While the feedback from OE Manufacturers has been positive, we can’t speak on their behalf regarding their rules.
- We encourage dealers to reach out to their OE Manufacturers directly if they haven’t been informed of their position.
What Will Change for Repairers?
- There are no changes for repairers.
- This update only affects the information passed to suppliers.
- Starting March 31, 2025, PartsTrader will no longer provide suppliers with the Estimate List Price for alternative parts from repair estimates.
- Instead, we’re introducing our industry-leading Price Index for all suppliers.
Do Repairers Still Need to Write a Competitive Estimate?
- Yes, it’s important for repairers to continue writing competitive estimates, as this is used to indicate which part types a repairer is considering.
- Dealers and alternative suppliers use this information when responding to quote requests.