Car Selling Without Price Negotiations: Wishful Thinking or the New Normal?

Mario Farsky, Julian Feldhäuser, Ferdinand Harries, Andrej Levin and Dominik Papies

Marketing Review St.Gallen, 2024, vol. 41, issue 1, 60-65

Abstract: Leading global car manufacturers are targeting a shift to direct sales with fixed, non-negotiable prices, yet consumer responses to such a paradigm shift remain largely unexplored. Our study of 500 consumers reveals that in the current market environment, two-thirds would engage in price negotiations, yet the same proportion would pay a mark-up to avoid this common practice. The findings suggest that a carefully planned transition to fixed prices, slightly below current offer prices, could be accepted by consumers, potentially ushering in a new era in automotive retail.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hsgmrs:308027

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