The Only Two Black-Owned Auto Dealerships That Have Ever Broken the $1 Billion Dollar Barrier
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Being a Black entrepreneur that owns an auto dealership is a big accomplishment in and of itself, but surpassing $1 billion dollars in sales is truly a milestone! In 2005, Michigan-based Prestige Automotive Group, founded by Gregory Jackson, became the first Black auto dealer to surpass the billion-dollar revenue mark. In fact, their revenue that year was $1.67 billion in sales.
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| Bob Johnson, founder of RLJ McLarty Landers Automotive Holdings; and Gregory Jackson, founder of Prestige Automotive Group are the only two Black-owned auto dealerships that have ever generated more than $1 billion dollars in annual sales |
Being a Black entrepreneur that owns an auto dealership is a big accomplishment in and of itself, but surpassing $1 billion dollars in sales is truly a milestone! In 2005, Michigan-based Prestige Automotive Group, founded by Gregory Jackson, became the first Black auto dealer to surpass the billion-dollar revenue mark. In fact, their revenue that year was $1.67 billion in sales.
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