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Costing and benchmarking - new results

Creating more cost-efficient opportunities across industries

The first results from implementing this benchmarking by PA Perfect Cost Grid® show significant cost variance of up to 60% on a component level between mid-sized (C-segment) cars such as the most recent Hyundai i30, Golf VII and Mercedes A-class. For example, the Hyundai i30 often offers the lowest cost solutions while the Golf VII is close to its Asian challenger, and the Mercedes A-class could benefit from some cost considerations even on its high quality level, presenting the highest cost for parts such as front or rear bumper, front / rear doors, tailgate, underbody protection or rear axle. But interestingly we found the biggest gaps for front bumper and underbody protection where the A-class is more expensive by 70% respectively 90% than the Hyundai i30.

PA Perfect Cost Grid® – the first web-based benchmarking and cost-engineering platform for the automotive industry – gives your purchasing, cost engineering and development staff timely online access to the model costing results they need to develop competitively priced vehicles, achieve significant savings in product costs and minimise investment.

Most recently the Perfect Cost Grid benchmarking team has completed a full teardown, benchmark and costing within the small van segment. For the Mercedes-Benz Citan, Peugeot Partner and Dacia Dokker the results show cost differences up to 50% across some systems, for example from a comparison of all exterior. The overall result showed that the Ford Connect is the most expensive vehicle due to higher material cost  taking the Dokker as the baseline, the estimated manufactured cost (excluding engine, painting and final assembly) of the Connect is higher by 85%. Even compared with the Citan the Connect showed higher cost by 37%. These results were derived from cost as well as weight reductions ideas.

Benefitting from continuous updates with new models every year

We update this database continuously through our dedicated Benchmark Factory: every year, we purchase new models, strip them down to pieces and calculate the cost of all major parts and systems. After the start with three models in the C-segment in 2013 and the small vans in 2014 range of benchmarked vehicles will increase soon, focusing the teardown on D-segment cars such as Mercedes C-Class and VW Passat.

For using the PA Perfect Cost Grid® to achieve 100% cost transparency on your vehicles, or for a personal presentation, please contact us now