Hacker News new | ask | show | jobs
by king-geedorah 1483 days ago
I whole heartedly agreed on this point but have grown to see another side of the issue. I don’t want to over glamorize it but in the north east car dealers have done exceptionally well, and often were the wealthiest people in the towns they serviced. A dealership in Pennsylvania recounted to me how the founder of the dealership more or less built the town square and at one pointed owned more than half the town. Now this may seem negative but the founder is long dead and the dealership now employees a several dozen locals all making very strong salaries, all with minimal educational requirements (just a bachelors cause it’s in vogue).

Overall I guess the point I want to make is even thought it is rent seeking (many industries are) this one seems to provide for so many communities all across America. I find it hard to believe that ford will pass up the savings to the consumers. We all know that profits will be returned to shareholders.

1 comments

This only convinces me dealerships should be gotten rid of. That's a lot of money sucked out of the car buying process. I'd rather pay less to a manufacturer than pay for a dealer to own a town in PA.