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Home > Company Index > Specialty Retail > Auto Dealers & Distributors > Mel Farr Automotive Group
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Mel Farr Automotive Group |
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PROFILE |
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After playing pro football, Mel Farr moved into a new game: selling cars. The Mel Farr Automotive Group is one of the largest African-American-owned dealerships in the US. Farr owns about ten dealerships and franchises a dozen or so more in Michigan and Ohio. Some dealerships sell new Ford, Lincoln, and Mercury models; others sell German and Asian imports. The company also offers used cars. Many of Mel Farr's buyers have poor credit histories; Farr's Triple M Financing unit charges interest rates approaching 25%, and some cars are equipped with a device that disables the engine if payments are late. Farr, a former All-Pro running back for the NFL's Detroit Lions, started the company in 1975 upon retirement.
COMPETITION |
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AutoNation, Inc. (AN)
Don Massey Cadillac, Inc. (dossier)
Serra Automotive, Inc. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 298.50
1-Yr. Sales Growth: (31.0)%
Employees: 415
Revenue per employee: $719,277.11
KEY PEOPLE |
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Mel Farr
CEO
Devon Ring
CFO
CONTACT INFO |
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24750 Greenfield
Oak Park, MI 48237
US
Phone: 248-967-3700
Fax: 248-967-0703
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