At Northwood University, we believe the auto industry might be more important than even industry veterans imagine.
What is the first thing people in a newly freed nation do? They buy bicycles, mopeds, small trucks for their entrepreneurships or small cars. Why? Because freedom of place is extraordinarily important.
It enables individual decisions about careers and jobs from the full range of opportunities everywhere. It enables families to break the tie with land and be anywhere. It permits exploration of new places, new opportunities, travel to exciting destinations and the freedom to go and be anywhere.
It permits goods to move from production sites to retail locations. It enables consumers to shop anywhere, not just within walking distance. It permits competition and freedom of investment.
It just may be that private vehicles confer more personal freedom than any law, any government, any army or organ of central control. Vehicles are mobility.
Mobility is freedom. This industry creates freedom. Dealers -- as a group -- represent perhaps the most important human asset in the most freedom-creating industry on Earth.
Now I suppose that is bold, but the facts suggest it is very close to the truth, if not a bull's-eye.