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'Who Do You Know Wants to Buy a Car' From Berkshire Hathaway?
By: Cindy Wendland
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Warren Buffett came onto Twitter in May 2013 with the tweet, “Warren is in the house.” He has only tweeted five times but has 886,000 followers. Mr. Buffett just extended Berkshire Hathaway into the automotive dealership because he sees fragmentation on which he can capitalize. We love how Warren operates. He likes to go big. He didn’t just buy one dealership. No, no, no. He bought Van Tuyl Group, which is the biggest privately owned auto dealership group in the U.S. It has 78 independently operated dealerships and more than 100 franchises in 10 states. Warren is now in the automobile industry.

Industry analysts say this new deal looks like a long-term move into a new industry. Some entrepreneurs try to extend into other industries and don’t succeed. It appears that Warren Buffett will apply his business savvy and know-how as well as his funding to make this a successful new venture. Warren stated that they will look for other dealerships that they can bring into the fold as well. 

There are some businesspeople where whatever they touch turns to gold. For the most part, Warren Buffett knows how to find golden opportunities. He also knows how to implement a successful business strategy. And because he is a respected businessman, his name on the showroom floor will be a powerful brand in the automotive industry. The next time you buy a car, it might just be from Berkshire Hathaway.

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About the Author
Cindy Wendland has a background in marketing and finance. She is the creative director for an online men's health magazine, BrainBrawnBody.com, and she gets to write their leisure/travel blog. She is also a web designer helping her clients with online community engagement, websitesbywendland.com. Prior to her web years, she worked in pharmacy consulting.
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