Why Warren Buffett is wrong on car-dealer model
Warren Buffett recently said he thinks the car-dealership franchise model isn't going to change. I wouldn't be so sure.
At the NADA/J.D. Power Automotive Forum in New York recently, Buffett said, "When a distribution system [car dealers] becomes that firmly established, there's a reason for it."
But, of course, everything changes. We have seen entire established industries collapse given the technologies that are available to us today.
Read more "Why Warren Buffett is wrong on car-dealer model" at CNBC.com.