A blog on all things to do with economics and related subjects
Tuesday, 10 June 2008
Cole on the market for new cars
This week on EconTalk Russ Roberts talks with Steve Cole, the Sales Manager at Ourisman Honda of Laurel in Laurel, Maryland. They talk about the strange world of new car pricing. Their talk includes issues such as dealer markup, the role of information and the internet in bringing prices down, why haggling persists, how sales people are compensated, and the gray areas of buyer and seller integrity.