> Despite all the complaining about these prices, people are obviously still paying them.
Because they have no other choice.
Reminds me of the bus strike when I was driving cabs in Phoenix, people paid the price but nobody was happy about it as the other option was not having a job.
Destroy the competition then charge whatever you want.
Many people in the US need cars to work. If their car dies or gets totaled in an accident they'll need to buy a new one. Used car prices aren't that much better than new car prices, and with a new car you can avoid inheriting problems with cars that were previously owned and rejected. You're much more likely to get a reliable car that will last longer buying new than used.
Because they have no other choice.
Reminds me of the bus strike when I was driving cabs in Phoenix, people paid the price but nobody was happy about it as the other option was not having a job.
Destroy the competition then charge whatever you want.