Steve Forbes: Dealers are the essence of Americas success

Steve Forbes: Dealers are the essence of Americas success

Steve Forbes, chairman and editor-in-chief of Forbes Media and keynote speaker at the NADA Convention, told dealers at the opening session in New Orleans, You exemplify what is best in the American economy.

Forbes said capitalism allowed Henry Ford to turn a toy of the rich into a product almost everyone can afford.

Free markets improve the lives of those at all socioeconomic levels, said Forbes. Free trade expands humanity and brings about enormous circles of cooperation. Apple’s iPhone, for instance, consists of parts made throughout the world, he said.

But it was Forbess comments on the CAFE standards that drew the greatest applause from convention session attendees.

CAFE standards try to dictate what happens in the market, he said, predicting they would be modified in 2017. I guarantee that thing is going to be changed.

Download Bulletin PDF