Last week we encouraged investors to focus on the return they expect to receive in the investment than worry about what the “market” (other investors) might value a security at. We then offered investors a series of questions to ask themselves in order to determine what trends are likely to emerge in auto retail and therefore what companies (investments) might be best positioning themselves to capitalize on said trends. Later in the week we shared our thoughts about the first question; will consumers always need transportation? To a certain extent, our discussion addressed our second question (do we need 1.11 vehicles per licensed driver?)

In addressing this question, we shared our con ...