NADA-TV: Buffett and Van Tuyl Headline Automotive Forum in NYC
NEW YORK (March 31, 2015) -- Warren Buffett, chairman and CEO of Berkshire Hathaway, and Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, sat down today for an NADA-TV interview discussing a variety of topics during the 2015 NADA/J.D. Power Automotive Forum in New York City.
When asked about the state of automotive retailing, Buffett said he's a strong supporter for the current dealer franchise network. "It's a very, very fundamental business," he said. "And it will be a fundamental business 50 years from now and 100 years from now, and we'll still be in the business then, and I hope we're a whole lot larger."
Van Tuyl agreed. "The future couldn't be better," he said. "[There are] opportunities to have great people, to offer a future to those great people, to continue to work with our partners as manufacturers to grow our business. We think the acquisition opportunities are great. There are a lot of great dealers out there that want to make sure their businesses end up in the right hands, and we think we can provide that."
The 6th annual Automotive Forum, hosted by the New York International Auto Show, was a full-day event that provided insight into the global auto industry from several perspectives-retailing, manufacturing, economic, marketing and technology. Watch the NADA-TV interview .