Learn about actual and potential costs
How much should I pay for Limousines?
What is the average price of Limousines?
This procurement report includes pricing information to help you purchase Limousines. 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 Limousines 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 Limousines 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 Limousines?
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 Limousines 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 level of market share concentration for limousines is moderate. There are currently about 144 limousine manufacturers operating in the US market, with the top four suppliers accounting for just under 50.0% of market revenue. The market's largest suppliers, J.B. Poindexter and Southwest Professional Vehicles (SPV), own multiple subsidiaries that... 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?
Supply Chain Dynamics
Who are your most important suppliers? How long have you been using them?
How do you protect against rising steel prices or new car prices?
Do you use any rare materials in the production of your limousines? What will you do if these materials run out or become prohibitively expensive?
When was the last time you evaluated your suppliers' prices and cost structure?
Where are your assembly facilities located and why?
How do you deal with competition in each area of your business?
How do you stay informed about the latest trends in technology, design and buyer preferences?
How have you evolved in the past three years to keep your business relevant in the rapidly changing limousine market?
Describe your relationship with your top competitor. To what extent do you gain inspiration and new product ideas from them?
How do you maintain excellent customer service?
How long have your key customer service personnel been in the limousine business?
How do you track customer satisfaction? Do you have a customer satisfaction rating or score?
How do you deal with customer complaints?
What percentage of your limousine sales is to repeat customers?
What kinds of vehicles do you typically modify? Do these brands offer any special certifications or qualifications?
Are you QVM or CMC certified? Why or why not?
Do your vehicles meet all Federal Motor Vehicle Safety Standards (FMVSS)?
Have you received any official recognition or awards?
Do your limousines come with a warranty?
If so, how is this warranty provided? Does the original vehicle manufacturer supply the warranty, or do you supply the warranty through the aftermarket?
Does filing a warranty claim require extensive paperwork?
How often are warranty claims filed, if applicable?
How long have you been in business?
How did you deal with the weak demand during economic downturns?
About how many customers do you currently serve?
What is your financial strategy for the future? Are you financially stable enough to endure a market downturn?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount for the award.
Buyers should explain the schedule by which payments will be made.
For assistance in ascertaining a reasonable price and price range for limousines, buyers can consult the Benchmark Price section of this report.
Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of quality limousines they are seeking.
Buyers should ask for a list of references from current and former customers.
Buyers should give preference to local suppliers in order to cut down on costs related to transportation. Furthermore, using a local supplier will simplify communication.
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 information results will be provided.
Buyers need to provide due dates for any ongoing maintenance work.
Buyers should state their general expectations with regard to response time and customer service.
Buyers should list the expected start and finish dates once a prospective supplier is chosen.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for limousine manufacturers is moderately risky. The biggest risk in the limousine supply chain comes from volatility in demand. Because limousines are a niche product, limousine manufacturers depend on limousine service and cemetery service providers for the majority of their revenue. Thus, fluctuations in demand from these... Subscribe to learn more.