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posted by CoolHand on Tuesday June 05 2018, @03:22PM   Printer-friendly
from the sticking-it-to-the-consumer dept.

Submitted via IRC for SoyCow8317

Car makers like Jaguar Land Rover and Peugeot have been accused of using special software to raise spare parts prices.

Source: https://www.engadget.com/2018/06/04/car-makers-used-software-to-raise-spare-parts-prices/

Ever had the nagging suspicion that your car's manufacturer was charging outrageous prices for parts simply because it could? Software might be to blame. Reuters has obtained documents from a lawsuit indicating that Jaguar Land Rover, Peugeot, Renault and other automakers have been using Accenture software (Partneo) that recommended price increases for spare parts based on "perceived value." If a brand badge or other component looked expensive, Partneo would suggest raising the price up to a level that drivers would still be willing to pay. It would even distinguish parts based on whether or not there was "pricing supervision" over certain parts (say, from insurance companies or focused publications) to avoid sparking an outcry.


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  • (Score: 2) by The Mighty Buzzard on Tuesday June 05 2018, @06:12PM (4 children)

    The failure mode of capitalism you identify, monopoly, is the polar opposite of anarchy.

    Only in the case of a government imposed monopoly. Anarchy put no barriers against natural or collusion-based monopolies, only those created by a government. So, yeah, you need to pick your terms better.

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  • (Score: 0) by Anonymous Coward on Tuesday June 05 2018, @06:52PM (1 child)

    by Anonymous Coward on Tuesday June 05 2018, @06:52PM (#688996)

    How is a government imposed monopoly different from monopolies imposed by other means?

  • (Score: 2) by sjames on Tuesday June 05 2018, @09:32PM (1 child)

    by sjames (2882) on Tuesday June 05 2018, @09:32PM (#689037) Journal

    As soon as someone manages a monopoly on an essential resource, the anarchy party is over [wikipedia.org].