PROFILE |
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David McDavid Auto Group is one of the largest vehicle vendors in Texas, with about a dozen dealerships in Austin, Houston, and Dallas. The company sells new cars made by Acura, Ford, Honda, General Motors, Kia, Nissan, and Suzuki, and it also sells used cars. David McDavid Auto Group is named for its founder and CEO, who started his first car dealership in 1962 at age 19; he is a former minority owner of the Dallas Mavericks basketball team. McDavid sold 70% of David McDavid Auto Group to automotive consolidator Asbury Automotive Group in 1997. Asbury Automotive is a joint venture of Ripplewood Holdings (part-owned by Mitsubishi Corporation) and LBO firm Freeman, Spogli & Co.
COMPETITION |
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Gulf States Toyota, Inc. (dossier)
Sonic Automotive, Inc. (SAH)
VT Inc. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1997 Sales (mil.): 542.40
1-Yr. Sales Growth: 5.9%
Employees: 1,000
Revenue per employee: $542,400.00
KEY PEOPLE |
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David McDavid
CEO
Jay Torda
CFO
CONTACT INFO |
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3600 W. Airport Fwy.
Irving, TX 75062
US
Phone: 972-790-6100
Fax: 972-986-5689
Online: Web Site
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