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image courtesy of Prestige Automotive Group1. Prestige Automotive Group
- 2009 Rank: 1 (Last Year: 1)
- Chief Executive(s): Gregory Jackson
- Auto Manufactuer: Ford, GM, Mercedes-Benz
- Address: 20200 E. Mile 9 Rd.
Clair Shores, MI 48080 - Staff: 280
- Year Started: 1993
- Website: http://www.prestigeautomotive.com
Financial Information
- 2008 Revenues: $646.2
- 2007 Revenues: $828.7
- Percent Change: -22%
Despite suffering a 22% revenue decline in 2008, Prestige Automotive Group takes top honors on the BE Auto Dealers list for the fifth consecutive year. The Detroit-based dealership group remains the nation’s largest minority-owned auto dealer with more than $646 million in revenues.
Founded in 1993, the multimillion-dollar dealership operates Prestige Chevrolet and Prestige Pontiac Buick GMC in Ypsilanti, Michigan; Mercedes-Benz of St. Clair Shores in St. Clair, Michigan; Courtesy Ford in Okemos, Michigan; and Saturn of Jacksonville in Jacksonville, Florida.
In 2004, Prestige became the first black-owned auto dealer to exceed $1 billion in revenues. The auto titan became the fourth company in the history of the BE 100s to break the billion-dollar barrier. For this recognition, BE named Prestige its Company of the Year in 2005.
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