General Motors, under the leadership of Alfred P. Sloan, capitalized on the mistakes of Henry Ford in the 1920s to become the dominant American automaker ...

CarMax shook up automotive retailing in the 1990s. Will the company face disruption by online competitors in the 2020s? ...

The United States has experienced a rapid acceleration of inflation recently. This article examines the automobile industry, a sector experiencing higher than average inflation ...

Berkshire Succession, Excess Efficiency, Crazy Ideas, Taleb's Mini-Lessons, VISA ...

It is no accident that the rapid rise in living standards over the past century has coincided with tremendous technological progress throughout the economy. At a fundamental level, rising living standards require the economy to generate an ever-increasing supply of ...

America's Car-Mart is one of the largest retailers in the United States operating in the "buy here, pay here" segment of the used car market. Companies operating in this segment, also known as "integrated auto sales and finance", sell older ...

CarMax was founded in 1993 in Richmond, Virginia under the ownership of Circuit City Stores. In the early 1990s, Circuit City was looking for growth opportunities in different markets outside consumer electronics. The automotive sector was identified due to its ...

Periods of major step changes in technology present serious challenges to investors, particularly those who have significant interests in incumbent firms. In retrospect, one can confidently point to inflection points that represent technology shifts with enormous impacts on human history ...