Have you ever purchased a car before?
If you think that the process of buying a car at retail is the market working efficiently, your expectations are incredibly low.
If you think that the process of buying a car at retail is the market working efficiently, your expectations are incredibly low.
I don't think the process of buying a new car is efficient at all. And I'm not defending the dealership system either. I'm just saying they're acting rationally, and that the markups don't shock me.