Wednesday, 09 May 2012 16:16

Scott Biggs Blogs Warning on State Farm's Partstrader

State Farm’s latest entry into the parts business is more threatening, robust and all consuming than anything attempted in the past.

In my opinion, this program will destroy the OEM list price, funnel all of the shop and dealers confidential pricing, discount and profit information to the insurer, undermine the OEM parts distribution network, wipe out thousands of OEM wholesale parts dealers, give control of parts pricing to State Farm and other insurers, and eventually eliminate the shops profit on parts. The shop’s and OE wholesale parts dealer’s survival is now in serious peril. This is a crisis of unequaled proportions. And, that prediction is mild compared to my worst fears!

To continue click HERE

Read 6447 times