So says Bill McDaniels in this insightful article in Automotive news.
I seems clear to even the casual observer that margins are being compressed more than ever. I’ve long been saying that the only solution is the economies of scale that consolidation will bring. This is very similar to what happened to newspaper 20 years ago. Many failed and the survivors were gobbled up by the WaPo’s of the world.
via Builder-dealer Bill McDaniels on the future of auto retailing