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Ethnic minority new cars dealers own 1,574 of today's 16,957 dealerships in the United States, according to the latest stats provided by National Automobile Dealer Association (NADA) and the National Association of Minority Automobile Dealers (NAMAD). Thus, this number equates to 9 percent of today's new car dealerships being owned by ethnic minority dealers.
Ironically, ethnic minority consumers drive 33 percent of today's new car sales, according to S&P Global Mobility's Marc Bland, a specialist in multicultural car sales. Out of the approximately 16 million new vehicles sold in the United States in 2024 through new car dealers, ethnic minority car buyers accounted for 5.3 million of those new vehicle sales.
