THE SECRET WORLD OF CARTELS CAN COST CAR DEALERS AND CONSUMERS DEAR
May 1st, 2011
BY KEITH NUTHALL, DEIRDRE MASON and MJ DESCHAMPS
Car dealers like a good deal - that's a given. And they hate a bad deal. But when they are getting a bad deal, and the wool is being pulled over their eyes - well, that takes the biscuit.
And yet, sadly, this does happen - in the shape of cartels, of auto part manufacturers, who collude to fix their markets.
This can be very costly. Research by American cartel expert Professor John Connor, formerly of Purdue University in Indiana, has estimated the average price increase of products sold by cartels at 25%. And ...
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