Online platforms are changing the way we buy cars
Back in 2014, Warren Buffett surprised the world by acquiring the fifth-largest car dealer in the United States, the Van Tuyl Group. Clearly, Buffett bet that the traditional face-to-face, kick-the-tyres, test drive and trade-in approach to buying a car would not change any time soon. But recent online start-ups could prove him wrong.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
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Allan
:
Hello Roger,
This reminds me of a company I am also keeping my eyes on – Yixin Group (HKG:2858). Currently, it is heavily beaten down due to China slowing and the fact that it is a high-beta stock. However with some patience, perhaps an opportunity will present itself in the future.