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16min chapter
Mohnish Pabrai's Q&A at Clemson University - Wall Street South Investment Club on November 13, 2023
Chai with Pabrai
Car Dealerships: Profit Margins and Industry Dynamics
This chapter discusses the inner workings of car dealerships, including the low profit margins on new car sales and the higher profitability of financing, insurance, warranties, and used cars. It also explores the monopoly-like nature of the industry and the potential impact of electric vehicles. The speaker advises against competing with Elon Musk and emphasizes the importance of thorough analysis when investing in the car manufacturing industry.
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