KB Article #4012
MyPriceLink allows users to automatically calculate sell prices on parts with a pricing formula and establish a default pricing formula that will be applied to any part on a MyPriceLink quote. Once set up, the default pricing formula can be changed at any time.
- To set up the initial pricing formula...
- To change the default pricing formula...
- To change the formula for a single part...
- To change the formula for all parts on a quote..
To set your default pricing formula:
- Open a MyPriceLink quote. The create a default formula box will display. If you do not want to create a default formula at this time, click Close.
- Select the price that will be used to establish the formula from the Field drop-down:
- None: A formula will not be applied to parts. A pricing formula can still be applied to individual parts or quotes.
- Cost: The formula will be applied based on the dealer cost for the part.
- List: The formula will be applied based on the real-time list price (generated by MyPriceLink) for the part.
- Trade: The formula will be applied based on the part's trade price.
- Select the Operation for the formula from the drop-down:
- Plus: To increase the sell price by a specific percentage rate.
- Minus: To decrease the sell price by a specific percentage rate.
- Type the percentage you would like applied into the Rate % box provided.
- Click Make Default. The pricing formula will be applied to all part lines in the Upsell Parts and OE Parts sections of the MyPriceLink Quote Details.
Note: If you move a part line from the Order Status section back to the Upsell Parts or OE Parts sections and the Sell Price is not displaying correctly, click the Update button at the top of the Quote Details window to recalculate the sell prices.
To change the default pricing formula:
- Open a MyPriceLink quote. The Pricing Formula calculator will display in the Quote Details menu bar.
- From the first drop-down, select the price that will be used to establish the formula:
- None: A formula will not be applied to parts. A pricing formula can still be applied to individual parts or quotes.
- Cost: The formula will be applied based on the dealer cost for the part.
- List: The formula will be applied based on the real-time list price (generated by MyPriceLink) for the part.
- Trade: The formula will be applied based on the part's trade price.
- Select the operator for the formula:
- + (plus): To increase the sell price by a specific percentage rate.
- - (minus): To decrease the sell price by a specific percentage rate.
- Type the percentage you would like applied into the box provided.
- Check the Make Default box.
- Click Update to apply the formula to the open quote. The pricing formula will also be applied to all future MyPriceLink quotes and will be applied to all part lines in the Upsell Parts and OE Parts sections of the MyPriceLink Quote Details.
To change the pricing formula on a single part:
- Open a MyPriceLink quote.
- Locate the part(s) that you wish to apply a different pricing formula and click the calculator icon
next to the Sell Price field. - From the first drop-down, select the price that will be used to establish the formula:
- None: A formula will not be applied to the part.
- Cost: The formula will be applied based on the dealer cost for the part.
- List: The formula will be applied based on the real-time list price (generated by MyPriceLink) for the part. Note: Since MyPriceLink provides real-time pricing based on market dynamics (as opposed to a static price tape), part pricing may vary from repair to repair.
- Trade: The formula will be applied based on the part's trade price.
- Select the operator for the formula:
- + (plus): To increase the sell price by a specific percentage rate.
- - (minus): To decrease the sell by a specific percentage rate.
- Type the percentage you would like applied into the box provided.
- Click Update. The Sell Price will be updated to reflect the new formula.
- Repeat steps 2-6 for any additional parts that need changed. Note: Changing the pricing formula on a part will not change the default pricing formula.
To change the pricing formula for all parts on a quote:
- Open a MyPriceLink quote. The Pricing Formula calculator will display in the Quote Details menu bar.
- From the first drop-down, select the price that will be used to establish the formula:
- None: A formula will not be applied to parts. A pricing formula can still be applied to individual parts or quotes.
- Cost: The formula will be applied based on the dealer cost for the part.
- List: The formula will be applied based on the real-time list price (generated by MyPriceLink) for the part.
- Trade: The formula will be applied based on the part's trade price.
- Select the operator for the formula:
- + (plus): To increase the sell price by a specific percentage rate.
- - (minus): To decrease the sell price by a specific percentage rate.
- Type the percentage you would like applied into the box provided.
- Click Update. The pricing formula will also be applied to all part lines in the Upsell Parts and OE Parts sections of the MyPriceLink Quote Details.
