One of the biggest mistakes you can make in your dealership is not updating your price lists. Ideal has updated many major manufacturer lists and added additional lists. These lists can significantly increase your profitability during your busiest times, so it’s essential you update your lists each time a new one becomes available. We’ve had dealers lose as much as $400 on a single item by simply not updating their price lists.
To put it in perspective, if you have $100,000 in part sales and your outdated price lists are off by 5%, you must increase sales by 25% to bring in the same amount as you would with the updated price list.
Your Ideal system provides you with an easy overview of the status of your price lists as well as the ability to add new ones. To view the status of your price lists:
1) Go to Applications>Product>Load Price Lists
2) The PL History button will show you when you last loaded a specific list
3) The Purchase Price Lists Button (if you’re on notify) will allow you to purchase a new list
You can also view and order price lists online by visiting this link:
If there are any lines that you’d like to add to the database, or if you have any questions about your price lists, including whether or not you have the notify option selected in Ideal, please let us know by calling 800-737-1620 and Option #4 or emailing firstname.lastname@example.org.