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The paper was written in 1970. The car market today is drastically different to the market then.
by argonaut 8y ago
The paper was written in 1970. The car market today is drastically different to the market then.
- brownbat 8y agoYeah, there's a Twilight Zone episode about a used car salesman... Bit of a caricature but makes it clear how that profession was perceived a few decades before CarMax, Carfax, or the proliferation of consumer warranties. https://en.m.wikipedia.org/wiki/The_Whole_Truth_(The_Twilight_Zone) https://en.m.wikipedia.org/wiki/The_Whole_Truth_(The_Twiligh... That said I've recently driven reputable brands that have weird problems dealer mechanics can't even figure out. You can have bad cars with strange problems even today.
- sonnyblarney 8y agoThe point of the paper is not 'cars', it's 'information asymmetry'.
- ucaetano 8y agoThe paper isn't about cars.