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image courtesy of The Matthews Automotive Group

22. The Matthews Automotive Group

  • 2009 Rank: 22 (Last Year: 26)
  • Chief Executive(s): Irving J. Matthews
  • Auto Manufactuer: Ford
  • Address: 3216 S. Peninsula Dr.
    Daytona Beach, FL 32118
  • Staff: 132
  • Year Started: 1995
  • Website: http://magflm.com
Financial Information
  • 2008 Revenues: $72.0
  • 2007 Revenues: $93.2
  • Percent Change: -22.70%
In millions unless otherwise stated.

The Matthews Automotive Group is the nation’s 22nd largest black-owned auto dealership. Founded by Irving Matthews in 1995, the company also holds the distinction of being the fourth largest minority-owned dealership in Florida.

Matthews’ auto empire is comprised of three dealerships including Prestige Ford Inc. of Mount Dora, Advantage Ford of Stuart, and Daytona Lincoln Mercury.

In 2008, the dealership group had $72 million in revenues—down 22.7% from the previous year.

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