KB Article #2548
Use RepairLink's Matrix Pricing formulas to help maintain your dealership's overall profit margins. These pricing "escalators" can be used to add specific dollar or percentage increases to the list price for a part. You can apply different matrix pricing to each manufacturer that you stock parts for, however the formula will be applied to all shops. Once a Matrix Pricing formula has been created, it can be modified at any time.
Once applied, the matrix pricing formula will increase the List price column within RepairLink Shop. Note: Any Trading Partner discounts that discount based on the list price will now be applied to the list price with the matrix increase.
Matrix pricing is available to all U.S. manufacturers (except Chrysler, Ford, GM, Hyundai, or International (formerly Navistar)) and all Canadian manufacturers (except International).
Example:
| List Price for Part |
Matrix Price Mark-Up |
New List Price | Trading Partner Discount | New Shop Price |
| $15.00 | + 5 Dollars | $20.00 | List - 20% | $16.00 |
To add matrix pricing:
- From the RepairLink tab, click Application Setup.
- Click Modify Pricing Formulas from the left-hand side.
- Select Modify Pricing Matrix from the I want to drop-down. Note: Matrix pricing is not available to all manufacturers.
- Click Add New Matrix.
- Use the Select OEM drop-down to choose the manufacturer you want to apply pricing to.
- If you would like to apply a previously created formula, use the Copy From drop-down. If copying a previous formula, simply click Save and the formula is finished.
- Create a new pricing escalator by typing the dollar range in the provided fields.
- Type the amount you want to increase the list price in the plus field.
- Select the increase type (Dollars or Percent).
- If you want to add additional ranges, click Add Row. Repeat steps 8-10 for any additional ranges you wish to add. (An error message will display if ranges overlap or if invalid characters are entered.)
- Click Save once you have added your ranges. The new pricing formula will be saved and you will be returned to the Modify Pricing Formulas window.
To edit an existing matrix pricing formula:
- From the RepairLink tab, click Application Setup.
- Click Modify Pricing Formulas from the left-hand side.
- Select Modify Pricing Matrix from the I want to drop-down.
- Locate the formula you wish to edit and then click Edit. Note: Click Delete to remove a matrix that you no longer use.
- Make your updates to the formula.
- Click Save. The changes will be saved and you will be returned to the Modify Pricing Formulas window.