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Procurement Market Intelligence Report

Towing Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Towing Services?

What is the average price of Towing Services?

This procurement report includes pricing information to help you purchase Towing Services. 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 Towing Services 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 Towing Services 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 Towing Services?

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 Towing Services 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 Towing Services?

The towing service market is highly fragmented, with 8,330 suppliers currently operating in the United States. Most towing service suppliers are small, employing fewer than 10 people and operating within a localized area. A few large regional suppliers operate in this market, and the few national players are comprised of... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How do you stay one step ahead of your competition?

Can you describe the competitive environment in your local area? Who are your primary competitors?

Do you match your competitors' prices?

Have you adopted any new strategies or equipment after observing other suppliers in the towing market?

Related Suppliers

Do you have a working relationship with a preferred auto repair shop? Does this relationship afford vehicle owners discounts on repairs and replacement parts?

Do you accept towing requests for major auto clubs, such as AAA? Do you offer reduced rates for auto club members?

Do you generate a significant portion of your business from supply contracts?

List other related businesses with which you have a mutually beneficial relationship.

Equipment

What is the average age of the trucks in your fleet?

How often do you upgrade your fleet with new equipment and more advanced technology?

Are your communication systems up to date? When was the last time you upgraded your communication or dispatch system?

How do you stay informed about the latest trends in towing equipment and technology?

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Key elements for every RFP

What should my Towing Services RFP include?

Project Budget

Buyers should request a detailed breakdown of the rates applied to the buyer for the tow services.

Buyers should indicate their expectations for payment schedules and methods.

Buyers should request a breakdown of any additional fees that may be applied, such as fuel surcharges.

Selection Criteria

Buyers should prioritize the vendor’s experience when evaluating potential suppliers.

Buyers should consider the vendor’s equipment and ability to meet the buyer’s needs with regards to the types of vehicles they can tow and capacity.

Buyers should consider the vendor’s certifications and compliance record.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers should state the deadline for bids.

Buyers should indicate when the vendor will be selected and when award information will be available.

Buyers should indicate their desired start date for services.

Evaluate major factors to mitigate risk

How risky is the Towing Services supply chain?

Supply chain risk is medium overall in the towing services market. Risk in this market primarily stems from fuel dealers due to highly volatile gasoline and diesel fuel prices. To combat this upstream risk, many towing service suppliers impose a per-mile charge on top of the per-vehicle price, allowing them... Subscribe to learn more.

HIGH

MEDIUM

LOW