Jump to content
Forums Gone... but not forgotten!
Pontiac of the Month

Jack Leslie's 1957 Sedan Delivery

2024 April
of the Month

  • Rev up your passion for Pontiacs and join our vibrant community of enthusiasts!

    Whether you're a die-hard fan of classic muscle cars or you've got a soft spot for sleek modern models, you've found your home here at Forever Pontiac. Our community is dedicated to celebrating everything Pontiac, from the iconic GTO to the legendary Firebird and everything in between.

    Unlock access to expert advice, stunning photo galleries, engaging discussions, exclusive events, and more!

    Start your Pontiac journey with us today!

    Sign up now! 🏁

RSS Does Warren Buffett's dealership acquisition foreshadow Chinese car sales in US?


Recommended Posts

  • Founders

Filed under: Car Buying, China


The US auto dealer industry recently saw a huge shakeup when Warren Buffett's Berkshire Hathaway investment company bought Van Tuyl Group, the country's largest privately owned network of showrooms, for an undisclosed sum. Assuming the deal's regulatory success, it immediately made Buffet one of the nation's largest car retailers. But could the acquisition have come as part of a larger plan to launch a Chinese automaker in the US?

According to Ward's Auto, Berkshire Hathaway could be opening the way to sell vehicles from Chinese automaker BYD in the US, which the investor already owns a stake in. Such an arrangement might conceivably give BYD a leg up in the market because it would have a ready made dealer network to use. Although, according to Ward's Auto, such an arrangement could violate state franchise laws. However, Tesla is showing that they might not be the biggest obstacles if there's a will to fight in court.

This is hardly the first rumor of a Chinese automaker possibly coming to the US. Despite the steady drip of speculation about Geely or Great Wall launching here, so far, none of them are making it happen. BYD might be different, though. In addition to Berkshire Hathaway's backing, it's rumored to want to break into the American passenger car business, possibly in 2015. The automaker already operates a factory building electric buses in California, which gives it a small toehold in the market.

Van Tuyl is already ranked as the fifth largest dealer network in the country, according to Berkshire Hathaway, and Buffet is fairly clear that its 78 stores in 10 states is likely just the beginning of his expansion into the car selling business. It might be a good platform to get BYD onto the US market.

Does Warren Buffett's dealership acquisition foreshadow Chinese car sales in US? originally appeared on Autoblog on Tue, 14 Oct 2014 14:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Link to comment
Share on other sites

Tired of these Ads? Register Today!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Tired of these Ads? Purchase Enhanced Membership today to remove them!
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.