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How does Matrix Pricing Work?

Dukesbiz

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Jan 14, 2010
10
0
First Name
Garrett
Hi Folks,

I've done some research and am yet to find a solid answer on how a Labor Matrix/Grid pricing works. Is there a formula that Reynolds/ADP/Dealertrak has stored in their application? If so do you know the formula?
I've found from my initial research that some dealers make up their own grid which does not follow a formula then some dealers that printed off 6 pages of grid pricing (Which I can't imagine would be typed in manually).

All Feedback is very much appreciated. I'm a student to these forums and appreciate all the knowledge you guys have to offer.

Thank you,
Garrett