Why Did Warren Buffett Buy An Auto Dealer


This morning, we woke up to the news that Buffett is buying Van Tuyl Group, the nation’s largest privately held car dealership chain. Not only that, but Warren said that he intends to buy more.

I wonder what Buffett is seeing in U.S. car dealers. With auto stocks in free fall and the rise of Uber and Tesla. Maybe, real estate?

— Ivaylo Ivanov (@ivanhoff) Oct. 2 at 07:32 AM

Remember when people were making fun of Buffett for buying a railway a few years ago. He was spot on this major trend. He thinks 10yrs ahead

— Ivaylo Ivanov (@ivanhoff) Oct. 2 at 07:33 AM

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