Mr. Buffett: Want more car dealerships? Become a “car person”…, from Driving Sales.
Warren Buffett’s purchase of Van Tuyl Auto Group is an opportunity to raise the bar on diversity in automotive retail…
On March 8, the world celebrated International Women’s Day, a day that recognizes and revels in the achievements of women. In America, our mothers, sisters and daughters have made tremendous strides in equality, ranging from the board room to space exploration. Thus, it’s difficult to imagine that in one of America’s largest and most established industries – automotive retail – women comprise just 17.7 percent[1] of the workforce (in comparison, women make up 47 percent of the total U.S. labor force).
Diversity shortcomings in automotive retail aren’t just limited to women. In a recent report card from the Human Rights Campaign, dubbed the Corporate Equality Index[2], four publically-traded automotive retailers were scored on their LGBT “corporate policies and practices.” Out of 100 possible points, the group average among these retailers was an astonishing 14! In comparison, major manufacturers, including the likes of GM, Toyota, Volkswagen and even the Johnny-come-lately, Tesla, scored a perfect 100.
