Bernie Moreno: “These dealerships are going for obscene amounts of money.”

“If you look at what car dealerships in South Florida, for example, or in Texas or anywhere else are trading for These dealerships are going for obscene amounts of money. Which shows you the market recognizes how valuable this business model is. It is as does Wall Street. Wall street does.” (05:13–05:16)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.