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?
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?
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Key elements for every RFP
What should my RFP include?
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.
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..
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.