Earlier quoted context omitted.
Correct me if I'm wrong, but I believe the original rationale behind requiring cars to be sold through dealers was to regulate the market and create competition among different dealers. Without that requirement, manufacturers could easily undercut dealers due to lower overhead. I'm not really sure what the point of car dealers is, but they have somehow found a way to prove themselves "necessary" to some lawmakers in…
> I'm not really sure what the point of car dealers is From a DOJ analysis: > Auto production is a capital-intensive business and a franchise system allowed manufacturers to concentrate their resources upstream while accessing capital through franchise fees from independent entrepreneurs at the retail level. Given capital availability and resources at the time, it made sense for the auto makers to franchise. https://…
Dealers love to tell us how useful they are, but then they turn around and lobby for their privileged position to be enshrined in law and enforced by the government. Does not compute.