> complaining about price markups as economic illiteracy I mean, I hate dealer markups as much as the next person, but it is true. It's just supply and demand.

> complaining about price markups as economic illiteracy I mean, I hate dealer markups as much as the next person, but it is true. It's just supply and demand. Dealers wouldn't charge crazy markups if enough car buyers weren't out there paying them; and like another commenter said, in these supply-limited conditions, if price wasn't able to rise to a market-clearing level, you'd have shortages instead, and people would complain about that. > rent seeking, deadweight loss and price collusion in oligopolistic conditions Can the car market, both at the manufacturer level and the dealer level, really be described as an oligopolistic one, outside of isolated examples (e.g. you live in Elko, NV and there's only one Ford dealer within 100 miles)?