Skip to main content

Market Overview

Warren Buffett Enters The Auto Business


Berkshire Hathaway (NYSE: BRK-B), the conglomerate run by Warren Buffett, has decided to go into the automobile dealership business, acquiring privately held Van Tuyl for an undisclosed amount.

Van Tuyl is the fifth largest auto retailer in the United States, with sales approaching 250,000 vehicles per year. It has 75 dealerships with more than $8 billion in annual sales.

The new group will be called Berkshire Hathaway Automotive.


Related Articles (SPY)

View Comments and Join the Discussion!

Posted-In: Warren BuffettM&A News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at