Posted by oldtanker on March 22, 2016 at 09:43:19 from (64.118.3.19):
In Reply to: Parts mark up posted by RBoots on March 21, 2016 at 18:31:29:
Quoting Removed, click Modern View to see
I don't know about that. Back in 1980 I was home on leave and stopped in to see a guy I had gone to high school with who had opened up a parts store. I made a couple of smart ask comments about him having a license to steal. TO my surprise he laughed and then showed me the markup put out by the national chain he was associated with. His cost to wholesale to a repair shop for a spark plug was 50%, to a walk through the door customer 100% and the markup recommended to the repair shop for their customer almost 100% of the wholesale price. Specialty parts were even worse with some expensive parts being very close to 50 to 60% markup between his cost and wholesale. He knew there was a good markup but didn't know how much until owned the store. That was in 1980, a lot more than 10 or 20 years ago.
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