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Walmart mark up #4615265
12/26/17 11:14 PM
12/26/17 11:14 PM
Joined: Apr 2016
Posts: 965
KS
FordBroncoVWJeta Offline OP
FordBroncoVWJeta  Offline OP
Joined: Apr 2016
Posts: 965
KS
Before working for Walmart I would never have guessed how much mark up there is in some items. Examples.

Replacing a valve stem while putting a new tire on in the TLE. Walmart's cost 0.03, your cost $3.00.
Supertech 5w-30 singe quarts. 50% mark up (This one really surprised me)
Pennzoil 5w-30 Synthetic 30% mark up.
Pennzoil 0w-40 Synthetic 25% mark up.
Valvoline 5w-30 Synthetic 27% mark up.
Slim tire gauge: 92% mark up.

Meanwhile those clearance items. Usually -30 to -50% mark down off what Walmart gets it.
Would have never guessed.


2017 Volkswagen Jetta 1.4T - 2015 Honda CRV 2.4 - 2012 Volkswagen Jetta 2.0 - 2001 Pontiac Sunfire 2.2
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615273
12/26/17 11:26 PM
12/26/17 11:26 PM
Joined: Nov 2008
Posts: 9,277
Phoenix
dishdude Offline
dishdude  Offline
Joined: Nov 2008
Posts: 9,277
Phoenix
Go to Best Buy, the TV or computer you buy has very little markup, but the HDMI cable, surge protector and extended warranty make the profit.


2018 Challenger SRT 392 PUP 0w-40 Wix 57899XP
2018 GTI
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615274
12/26/17 11:29 PM
12/26/17 11:29 PM
Joined: Jun 2003
Posts: 17,814
Deplorable in apple valley, ca
Chris142 Offline
Chris142  Offline
Joined: Jun 2003
Posts: 17,814
Deplorable in apple valley, ca
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.


02 Wrangler carlube 5w30
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Re: Walmart mark up [Re: Chris142] #4615276
12/26/17 11:31 PM
12/26/17 11:31 PM
Joined: Apr 2016
Posts: 965
KS
FordBroncoVWJeta Offline OP
FordBroncoVWJeta  Offline OP
Joined: Apr 2016
Posts: 965
KS
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.
One of my friends in HS has grandfather that runs a gas station. He told me its about .02-.03 a gallon mark up. It was the oil changes/tires/flat repairs that made the money.


2017 Volkswagen Jetta 1.4T - 2015 Honda CRV 2.4 - 2012 Volkswagen Jetta 2.0 - 2001 Pontiac Sunfire 2.2
Re: Walmart mark up [Re: Chris142] #4615278
12/26/17 11:32 PM
12/26/17 11:32 PM
Joined: Jun 2005
Posts: 11,611
Santa Barbara, CA
bdcardinal Online content
bdcardinal  Online Content
Joined: Jun 2005
Posts: 11,611
Santa Barbara, CA
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.


That is correct. A friend is a manager at a Shell station and she told me they make maybe .10 a gallon profit.


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Ford/Mazda Parts Counter
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Opinions expressed are my own.
Re: Walmart mark up [Re: Chris142] #4615284
12/26/17 11:47 PM
12/26/17 11:47 PM
Joined: Feb 2009
Posts: 17,290
Michigan
daves87rs Offline
daves87rs  Offline
Joined: Feb 2009
Posts: 17,290
Michigan
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.

+1


Coming together is a beginning; keeping together is progress; working together is success.

Henry Ford
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615333
12/27/17 04:07 AM
12/27/17 04:07 AM
Joined: Nov 2011
Posts: 4,014
Lima, Ohio, USA
earlyre Offline
earlyre  Offline
Joined: Nov 2011
Posts: 4,014
Lima, Ohio, USA
I Occasionally fill in at my store's gas station, and i can tell you that at times, we are selling gas BELOW cost to stay competitive. its not often, but it does happen..


Mine:
09 Mercury Sable : 6qts AutoQuest(Meijer/Warren) 0w20, WIX 51516
Mine to Maintain:
03 Pontiac Vibe : 4.5qts VWB 5w30,WIX 51394
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615334
12/27/17 04:10 AM
12/27/17 04:10 AM
Joined: Sep 2010
Posts: 7,485
S California
OneEyeJack Offline
OneEyeJack  Offline
Joined: Sep 2010
Posts: 7,485
S California
Costco has a pricing scheme that tells you a bit about the product.

Price ending in 9 and in 9 cents is a regular 14% item. $29.99

Price ending in a 7 as in 7 cents is marked down to get rid of it. $22.77

Price ending in 0 as in 0 cents is just marked down. $20.00

If there is an asterisk (*) in the upper right corner of the price tag it's discontinued and may or may not be marked down.

Re: Walmart mark up [Re: FordBroncoVWJeta] #4615344
12/27/17 04:38 AM
12/27/17 04:38 AM
Joined: Sep 2013
Posts: 10,679
Indiana
dlundblad Offline
dlundblad  Offline
Joined: Sep 2013
Posts: 10,679
Indiana
What is the markup on Fram filters? laugh


03 Jeep WJ 4.0 202k Castrol Edge 10w40 HM Fram XG16
02 Volvo S60 2.4T 186k M1 0w40 Mahle OX149D
97 Chevy Blazer 4.3 153k Synpower 5w30 Supertech ST3980 (Ecore)

Re: Walmart mark up [Re: FordBroncoVWJeta] #4615350
12/27/17 05:08 AM
12/27/17 05:08 AM
Joined: Dec 2010
Posts: 968
MO
FirstNissan Offline
FirstNissan  Offline
Joined: Dec 2010
Posts: 968
MO
A family friend years ago owned several gas stations, very wealthy people. They also used to say they made less than 10 cents per gallon however because of the volume of gas that they sold per day, thatís what helped pay for the big house, nice cars, and numerous vacations.


2017 Toyota Sienna (Hers)
2017 Toyota Sienna (His)
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615363
12/27/17 05:52 AM
12/27/17 05:52 AM
Joined: Dec 2006
Posts: 4,220
Port Orange, Florida
Panzerman Offline
Panzerman  Offline
Joined: Dec 2006
Posts: 4,220
Port Orange, Florida
I was talking with a pawn shop employee over the holidays and he said when someone pawns anything they usually shoot for 100-150% of the item on re-sale but that's not what they make thier money on it's really the 35-40% interest they shoot for. If the customer loses the item that is just sweetner to sale the item for profit.
I never saw so many pawnshops until I moved to Florida.
Crazy down here now I know why.



2006 Dodge Ram 2500 Hemi 4x4
2016 Dodge Challenger Scat Pack
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615420
12/27/17 07:36 AM
12/27/17 07:36 AM
Joined: Mar 2004
Posts: 21,105
Upstate NY
Donald Offline
Donald  Offline
Joined: Mar 2004
Posts: 21,105
Upstate NY
Originally Posted By: FordBroncoVWJeta
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.
One of my friends in HS has grandfather that runs a gas station. He told me its about .02-.03 a gallon mark up. It was the oil changes/tires/flat repairs that made the money.


Its more like $0.07 to $0.10 per gallon. Credit card fees eat up that profit.

Thus why stations that sold only gas had to convert to a gas station/deli or go out of business.

And in many states the constant upgrade required of the pumps and tanks to meet DEP rules is costly.


2015 Subaru Forester 2.5 engine/CVT
2015 Ford F250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Walmart mark up [Re: FordBroncoVWJeta] #4615509
12/27/17 08:40 AM
12/27/17 08:40 AM
Joined: Jan 2011
Posts: 3,249
PV Az
AZjeff Online content
AZjeff  Online Content
Joined: Jan 2011
Posts: 3,249
PV Az
Originally Posted By: FordBroncoVWJeta
Before working for Walmart I would never have guessed how much mark up there is in some items. Examples.

Replacing a valve stem while putting a new tire on in the TLE. Walmart's cost 0.03, your cost $3.00.
Supertech 5w-30 singe quarts. 50% mark up (This one really surprised me)
Pennzoil 5w-30 Synthetic 30% mark up.
Pennzoil 0w-40 Synthetic 25% mark up.
Valvoline 5w-30 Synthetic 27% mark up.
Slim tire gauge: 92% mark up.

Meanwhile those clearance items. Usually -30 to -50% mark down off what Walmart gets it.
Would have never guessed.


Having been in retail nothing there surprises me. Those mark-ups on oil are probably higher than your auto parts store gets and still cheaper because WM buys in such high volume it gets better pricing. If you want a real surprise search a little for the mark-up on clothes, jewelry, eyeglasses, furniture.


86 Samurai 1.3 leftovers
14 RAV4 2.5 5W-20 PP
16 Silverado 1500 4.3, DI, AFM 5W-30 PP

The most important thing to do in your life is to not interfere with someone else's life. - Frank Zappa

Re: Walmart mark up [Re: Chris142] #4615526
12/27/17 08:49 AM
12/27/17 08:49 AM
Joined: Oct 2009
Posts: 3,510
Wet side WA
JohnnyJohnson Offline
JohnnyJohnson  Offline
Joined: Oct 2009
Posts: 3,510
Wet side WA
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.


Really most stations pump gas at 10 to 40 cents a gallon than our local Costco here. Costco isn't losing money on their gas!

On diesel the difference is 30 to 60 cents a gallon.

Last edited by JohnnyJohnson; 12/27/17 08:51 AM.

2004 Corolla 126649
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Re: Walmart mark up [Re: bdcardinal] #4615547
12/27/17 09:13 AM
12/27/17 09:13 AM
Joined: Jun 2014
Posts: 767
Northern Arizona
funflyer Offline
funflyer  Offline
Joined: Jun 2014
Posts: 767
Northern Arizona
Originally Posted By: bdcardinal
Originally Posted By: Chris142
I heard that gas stations dont make much on gas. Its the sodas and hot dogs that pay the bills. Except for chevron thats $.60/gallon more than any other station.


That is correct. A friend is a manager at a Shell station and she told me they make maybe .10 a gallon profit.




I wonder how much profit there is on air and water. I've seen them charge as much as $1.50 at stations across the desert.


2016 Prius 1.8L
2001 Tacoma 2.4L
1966 GTO 6.5L
2015 Cub Cadet
Honda CT70 (X6)
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