Ford Motor Co. and Arizona State University have created two programs that, when taken consecutively, could help minorities and women own their own dealerships.
The general education portion, the Certificate in Dealership Management program, is offered by Arizona State University College of Business in Tempe, Ariz.
Ford's Automotive Dealership Education Program for Minorities is a five-year program that includes paid internships and training at the National Automobile Dealers Association dealer academy.
The programs take about eight or nine years to complete and include an undergraduate degree and what Ford calls a "mini MBA." Students who complete the programs will be eligible to apply for a dealership under Ford's dealer development program.
The Certificate in Dealership Management program is a two- to four-year program. In addition to basic business courses, it offers classes in dealership management and a 12-week dealership internship.
The second program will be managed by Ford's Minority Dealer Operations. It includes corporate internships in Ford's dealer development department and Ford Motor Credit Co., dealership internships and training at the NADA dealer academy.
Ford is picking up the tab for students who enter the second program. It also is providing $5,000 scholarships to 10 undergraduate students in the certificate program. Students must complete the certificate program to qualify for the second program.
Though the Certificate in Dealership management program is offered to all Arizona State business students, the Ford program is offered only to minority and female students. Six students are enrolled in the certificate program, and there is room for about 40 more.
Ethnic minorities own 364 Ford-brand dealerships. Blacks own 248; Hispanics own 82; Asians own 24; and American Indians own 10. Women own 266 Ford dealerships.