Market research finds that nearly 80 percent of vehicle owners purchase tires at the business that performs routine maintenance on their vehicles.Increasingly,new car dealers carry tires and sell to car owners who bring their vehicles to the dealer for maintenance.Many car manufacturers negotiate prices on replacement tires and sell through to their dealers.The growing incidence of new car dealers selling replacement tires spiked up in the aftermath of the Great Recession,as new car dealers looked for ways to boost franchise sales in the face of low levels of new car sales.Given that Bresnahan and Reiss's paper was published more than 25 years ago,local tire markets are ________.

Question

Quizplus · Accepted Answer

The market for replacement tires has likely become more competitive over the last 25 years, as new competitors have entered the market and online retailers have disrupted traditional brick-and-mortar tire shops. Additionally, advancements in technology have made it easier for consumers to compare prices and quality of different tire brands.

Market Research Finds That Nearly 80 Percent of Vehicle Owners