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Procurement Market Intelligence Report

Automobile Wheels
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Automobile Wheels?

What is the average price of Automobile Wheels?

This procurement report includes pricing information to help you purchase Automobile Wheels. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Automobile Wheels been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Automobile Wheels yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Automobile Wheels?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Automobile Wheels with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

The US automobile wheels market consists of an estimated 1,549 suppliers, with the four largest vendors accounting for about one-quarter of total market revenue. This figure indicates that market share concentration is low. However, pressure from low-cost overseas suppliers is forcing many manufacturers to consolidate, which has led to a... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?


How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Quality Control

Do you comply with industry standards on wheel performance requirements?

Do you have your wheels tested by the SAE or another testing facility? Do you perform in-house tests?

How do you measure and report quality? How many quality control technicians do you employ?

How old is your current production equipment? When was the last time you invested in new production equipment?

Timely Delivery

What is your average shipping time? How often do shipping delays occur?

How much inventory do you currently have? How long will this inventory last if there is a supply interruption?

Do you employ any electronic or human systems to ensure on-time delivery?

Is there an alternative or expedited shipping method available for urgent deliveries?

Accurate Order Fulfillment

Do you use electronic tracking systems in your warehouse to ensure that orders are assembled accurately?

How do you handle errors in order processing? How quickly can you provide the correct wheel if an error occurs?

How many steps are involved from receiving the order to shipping? How many employees must be involved before the wheel can be sent out for delivery?

How have you improved order accuracy in the past three years?

Supply Chain Dynamics

How do you deal with volatile input costs? Have steel and aluminum prices affected your business significantly?

How many years have you been using your current raw materials suppliers? Does your relationship with them result in any discounts or increased efficiency?

In what country are your raw materials manufactured? Does this provide a cost advantage or reliability boost?

When was the last time you entered into a contract with your suppliers? Are you planning on reviewing your major suppliers in the future?


What aspects of your business give you a competitive advantage?

Give an example of an innovation or improvement that you made to stay competitive in the market.

What percent of revenue do you devote to research and development?

How many wheel models do you carry in relation to your competitors?


Do you offer a warranty? If so, how long does it last and what are the terms?

Does the manufacturer offer a warranty or do you provide the coverage?

Can I purchase additional coverage? If so, how much does it cost?

How often are warranty claims fulfilled? Does filing a warranty claim require extensive paperwork?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget for the automobile wheels.

Buyers should describe the desired type of supply contract (e.g. payment terms, contract length.).

Buyers should explain the schedule by which payments will be made.

For assistance in ascertaining a reasonable price and price range for automobile wheels, buyers can consult the Benchmark Price section of this report.

Selection Criteria

Buyers should evaluate the extent to which the automobile wheels meet their specifications.

Buyers should ask for a list of references from current and former clients.

Buyers should give preference to suppliers that offer warranties, maintenance services and other value-added services.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report..

Project Schedule

Buyers should communicate to prospective suppliers when award results will be provided.

Buyers need to provide due dates for when their automobile wheels need to be delivered.

Buyers should provide general expectations with regard to response time and customer service.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk in the automobile wheel market is high, with changes in input prices representing the main source of risk. Aluminum and steel manufacturers adjust production levels based on projected demand for steel, and are drastically affected if demand suddenly changes. As a result, aluminum and steel prices are... Subscribe to learn more.