In Boston, dealer Herb Chambers builds an empire (and attracts suitors)Sat, 26, Sep 2015
While Herb Chambers says he's enjoying the new-car business more than ever, the prominence in his office of a photo of him with Warren Buffett from a recent NADA meeting begs the question: is he going to sell, too?
Automakers say they're open to outside dealership investors, despite skepticismMon, 06, Jul 2015
Dealership groups' hot F&I revenue: $7 billionWed, 17, Jun 2015
Finance and insurance revenue keeps jumping at U.S. auto dealerships. By any measure in Automotive News' second annual F&I survey of the nation's largest auto dealership groups, the F&I office is hot, hot, hot.
A billion here, a billion there ...Mon, 15, Jun 2015
In its latest earnings statement, Berkshire Hathaway valued its purchase of Van Tuyl Group at $4.11 billion, after adding up the value of the dealership group's assets and subtracting the liabilities that were assumed.
Buffett extends a hand to dealers -- 'If we shake hands, we've got a deal'Mon, 06, Apr 2015
With the deeper pockets of Berkshire Hathaway Inc. now backing it, the former Van Tuyl Group intends to add dealerships going forward. "In the next couple of years, we're likely to make a number of acquisitions," Berkshire Hathaway Chairman Warren Buffett said last week.
Berkshire Hathaway Automotive targets growth, possibly abroadTue, 31, Mar 2015
Berkshire Hathaway Automotive already is on the prowl to acquire more dealerships. And, top executives hinted today, that might include looking outside the US. Berkshire Hathaway closed on its purchase of Van Tuyl Group on March 9
Berkshire Hathaway completes Van Tuyl acquisitionTue, 10, Mar 2015
Warren Buffett's Berkshire Hathaway completed its purchase of the Van Tuyl Group, the largest dealership acquisition in industry history. All aspects of the sale were finalized Monday. The new Berkshire Hathaway Automotive now is the fifth-largest dealership group in the US.
Buffett says Berkshire's job is to perform, grow in auto retailMon, 02, Mar 2015
Group 1 director resigns citing Buffett-Van Tuyl dealTue, 24, Feb 2015
Group 1 Automotive board member Beryl Raff has resigned, citing a potential conflict of interest related to her employer, Berkshire Hathaway, and its pending purchase of the Van Tuyl dealership group. Raff gave up her seat on Feb. 20, Group 1 said in an SEC filing.
Toyota welcomes Buffett to car business with Hollywood burgersTue, 13, Jan 2015
When billionaire investor Warren Buffett became the newest entrant in the auto-dealership business last year, Toyota rolled out the red carpet. The world’s largest carmaker welcomed Buffett within weeks after his Berkshire Hathaway agreed to acquire Van Tuyl Group, the largest privately held US auto dealer group.