There have been associations for minority dealers and minority suppliers for just about as long as I can remember.
Now General Motors is adding a second 20 group for female dealers because of all the new ones.
Warren Buffett made news when he spent a large fortune for some dealerships; many wondered about the value.
George Soros sent some of his minions to San Francisco last month to see about buying auto dealerships. Reportedly they had a billion dollars in their pockets and were ready to deal.
Large retail groups are looking to acquire more dealerships.
Penske Automotive Group is adding heavy-duty truck dealerships to its portfolio. They are reportedly more reasonably priced than car dealerships.
Automobile dealerships are where everyone wants to be.
No one is clamoring for the stocks of global automakers -- with the exception of Wall Street darling Tesla. Nor is anyone driving up supplier stocks.
But if you're not already in the automobile retailing business, you probably want to be and you want to get in yesterday.
That doesn't make sense except to those already in auto retailing. Selling autos has always been a good business, even when the economy was in the tank. If you were quick enough to cut your costs, you could weather the economic storm of a few years ago and emerge in pretty good shape with lots of new business practices.
For a century, running a dealership has been a good business, even with lots of hiccups along the way. Brands came and went as old automakers died and new ones entered the market.
There are few, if any, better opportunities for an entrepreneur with little or no specific skills to enter a field and with hard work and perseverance end up owning a store within a decade.
It is always amazing to see the road so many successful car dealers took to become significant players in the retail business.
Every dealer can smile at the paper profit accrued in the past year or so. Of course, unless he or she is ready to sell, it's nothing but paper profit.
It's a good time to be a car dealer. But then, that's true most of the time.