National Debt Clock

Tuesday, August 11, 2009

GM Turns to eBay to Sell Cars

The website allows consumers to compare pricing across models and participating dealerships, negotiate prices, and arrange financing and payment. Consumers can agree to pay the advertised price or indicate the price they are willing to pay and can negotiate online with the dealer for the vehicle.

This is genius, if it works. And you know why, because it lets the free market determine prices. However, given the cost it takes GM to make a car vs. imports, I wonder if it is sustainable.

No comments:

Post a Comment