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Why Warren Buffett is wrong on car-dealer model

April 14, 2015 In The News 1 min read

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.

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