Of the 1,469 Toyota Division and Lexus Division dealerships in the United States, African Americans own 32. Twenty-four are owned by Hispanics, 26 are owned by Asian Americans, and 11 are owned by Native Americans.
Forty women, including four who are members of minority groups, own Toyota dealerships. All are profitable, Miller said. "They have a very good business plan," he said.
Irv Miller, Toyota Motor Sales' group vice president of corporate communications, said the company will add minority-owned dealerships through buy-sell agreements, not by expanding its retail network. Irv Miller and Jerome Miller are not related.
Under Toyota's dealer development program, Irv Miller said, the company invests jointly with minority entrepreneurs in dealerships. The program calls for each entrepreneur ultimately to buy out the company's interest, he said.
"If we find the candidate we want, we will look for every way possible to get that person into a dealership," Irv Miller said.