Buffett Likes Auto Dealerships. Should You?
Cost advantages, intangible assets, and profitable parts-and-services operations may have attracted Buffett to auto dealers, but current share prices on the public firms don't look attractive today.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser.
Warren Buffett's Berkshire Hathaway jumped into the auto dealer space this week by announcing that it was acquiring the Van Tuyl Group. I'm joined today by David Whiston, our senior equity analyst who covers the dealerships and also many of the other U.S. auto companies. We're going to take a look at what this could mean for the industry.
Jeremy Glaser does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.