Industries : Automotive

Automotive Parts, Accessories and Tires - keeping your prices competitive

Our clients: 24MX and XLMoto
Proud to monitor prices for 24MX

Automotive industry product managers usually manage a vast number of SKUs (quite often no less than 20K) - of very similar parts. On the other hand, part numbers are highly standardized and all relevant sites on the market do offer search by part number - making it a good Automatch case (with over 99% match accuracy). Practically, this means that the whole process (adding new SKUs into Price2Spy, matching competitor products, getting fresh pricing feed) can be fully automated.

Detailed pricing reports provided by Price2Spy, coupled with your years of business experience quickly lead to optimal pricing, no matter if you're aiming for higher profit, or for increase in turnover.

Price2Spy is equipped to easily handle large product catalogs, which is essential for optimizing the pricing and assortment of a wide range of products.

Get into the depths of your competitive landscape by many different segments (e.g. brands,  categories, suppliers). Easily drill down to the product details at any time:

  • Price history chart will show the development of prices over time.
  • Advanced reporting allows you to investigate historical pricing strategies and compare pricing tactics / promotions over the entire product price monitoring lifetime.

Use Price2Spy API to seamlessly integrate your own backend to Price2Spy: typically this means having fresh pricing data within your own software. Some of our clients have even implemented automated price change rules - based on product pricing history, purchase price and desired profit margin.

Best price monitoring practices

SummitRacing.com - monitored by Price2Spy
SummitRacing.com - monitored by several Price2Spy clients

Here is how Price2Spy can help product managers from this industry

  • Most commonly, up to 10 most important market competitors get monitored;
  • Some of these sites show reduced product price in cart, which Price2Spy can monitor as well (for Premium account users);
  • Marketplaces like Amazon and Ebay typically need to be monitored as well (usually for the cheapest price offered);
  • Since the number of individual products (SKUs) is quite large - manual product matching is not an option. Fortunately, standardized part numbers allow good automated match rate;
  • Due to a large number of SKUs, usually no price change alerts are used (too many alert emails would be sent);
  • Instead, our clients rely on automated reports like Price Matrix (either full Price Matrix, or just the prices changed in the last 24 hrs);
  • Use pricing strategy module to identify products with pricing opportunities - it will result in a clear and interactive list of products and suggested pricing changes;
  • Most recent price changes (per brand or category) can be spotted via Pricing Dashboard;
  • Same goes for the share of cheapest products per site;
  • Use MAP module to detect competitors who are in violation of minimal advertised price.