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New parts prices - where the get them

Parts prices
Knowing the new price of a part is important if you plan to fully capitalise on your products.
Recently, a reader asked us where he could get new parts prices. OK, there’s always the option of ringing up the local dealer but that’s only going to get you the occasional price.

As many are aware, there are plenty of parts databases you can buy on ebay but no price information is given and they are not always the easiest of programmes to get working. We’ve been taking a look at what options there are for new prices.

The most obvious way to check prices these days is to look what others are selling for on ebay but that does have its flaws. The internet is very good at creating a general value for general parts and that’s great if you’re talking about a vehicle that’s 5 or 6 years old but not so great when you have a 6 month old car which has only covered a few thousand miles. For this type of pricing you really need to know the new price of the part in question. After all, the buyer of this type of part will be looking at it as an alternative to the new part and the saving that can be made. In some occasional circumstances where parts are in short supply, you may even be able to charge a premium for that ‘almost new’ part.
So where do we get those new prices?
So far we are aware of three reliable sources. Firstly, Thatcham’s parts guide which is updated with a monthly CD. Users tell me that although this covers the bulk of main line vehicles, it is not comprehensive - data covers 40 manufacturers with an average of 700 part prices per derivative. One bonus with Thatcham’s system is that it includes detailed interchange information. Price for Thatcham’s system is £538.00 plus VAT for 12 months. We have also been advised by readers to check that you are only buying the parts guide as Thatcham have a more comprehensive products that includes additional data the you probably don’t need. Find out more about Thatcham’s Parts Guide here.

Another CD based system is Glass’s Part Base. This comes in two variants, parts only pricing which costs £731.85 plus VAT or parts and labour pricing which costs £1383.90 plus VAT per year. As with Thatcham’s product, it isn’t comprehensive but claims to cover 34 manufacturers so the majority of vehicles are included, but no interchange is available. Find out more about Glass’s Parts Base here.

The third product is an internet based look up system, Partslink 24. The website lists 26 manufacturers and being web based, operates 24 hours a day. Ordering, including checking stock levels at the local dealer can also be handled through the site. The cost is £257.04 plus VAT for an annual subscription which can be paid monthly (at a slightly higher rate). There is a demo on the site to try it out and to find out more about Partslink 24 here.

So what other alternatives are there? Some businesses use body shop estimation software and run dummy estimates but this isn’t a legitimate use for it. We had also heard rumours that Hollander (who also own Audatex) plan to include new prices on Pinnacle but they have told us that they currently have no plans to alter the database except to continue on their path of writing a robust interchange.

DH Systems tell us that new parts prices are available and are fully integrated with the new Frontier as are part numbers too. They tell us that you need only enter your registration number to get the OWM part numbers and prices so if you are looking for a system to process your stock as well as new prices, then Frontier may well be worth a look! Find out more about DH System's Frontier products here.

If you have any further information regarding access to new parts prices, please let us know so we can update this article in the future.

March 2014

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