Marina Krakovsky on the Middleman Economy
EconTalk
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Karlotz: A New Way to Sell Your Used Car
A company called Karlotz is trying to change the way used car sales are done. It takes on consignment rather than buying it and charges a service fee for selling your car. Instead of profiting from buying low and selling high, they charge a service fee to both the seller and the buyer. And they also don't pass that car on to a long chain of other intermediaries. They sell it directly on their own lot.
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