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[quote=Anonymous][quote=Anonymous]As for cars, I think the automakers learned an important lesson: decades of chasing volume with endless discounts and sales was not great. In 2021, carmakers found that tight supplies meant much higher prices across the board. Carmakers made amazing profits by selling FEWER cars. Many car dealers had their best (profit) year by selling FEWER cars. I don't see them going back to the good old days any time soon.

Corporations are learning. I feel like I am seeing the exact same supply/demand/price dynamic being played out with airline tickets.[/quote]

It's not up to them. The competition will bring car prices down again. Remember, it's not Ford vs Chevrolet, it's Koons vs Penske vs Autonation. Once supplies catch up, the manufacturers will build as many cars as can be sold and the dealerships will trip over each other to earn additional sales. As long as the dealership structure remains in place, this will be what happens. The only thing that will change this is if the factories go direct like Tesla.

Note that the used car market is much more opaque in valuation, so no-haggle pricing often works there because consumers often can't directly comparison shop.[/quote]

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